1 Minute Read by Reuters Staff 15 JULY (Reuters) – Morgan Stanley posted a more than 11% increase in quarterly earnings on Thursday, as its investment banking division benefited from record dealmaking and capital market activity. 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. (Editing by Anil D’Silva; reporting by Sohini Podder in Bengaluru and Elizabeth Dilts Marshall in New York.) )/n
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