15 JULY (Reuters) – Morgan Stanley (MS.N) posted a more than 11% increase in quarterly earnings on Thursday, owing to record levels of deal making and capital markets activity in its investment banking division. The Wall Street bank reported that its net income applicable to common shareholders increased to $3.4 billion, or $1.85 per share, in the second quarter ended June 30 from $3.05 billion, or $1.96 per share, a year ago. According to Refinitiv’s IBES data, analysts expected the bank to earn a profit of $1.65 per share on average. Sohini Podder in Bengaluru and Elizabeth Dilts Marshall in New York contributed reporting, and Anil D’Silva edited the piece. The Thomson Reuters Trust Principles are our standards./n
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