For the current quarter, income from continuing operations applicable to Morgan Stanley was $1bn, or $0.43 per diluted share, against $562m, or $0.28 per diluted share during the year ago quarter.
For the quarter period ended on 30 June 2013, its institutional securities reported pre-tax income from continuing operations of $960m, versus $488m, while net revenues stood at $4.3bn compared to $3.3bn during the same period earlier year.
Wealth Management reported pre-tax income from continuing operations of $655m versus $410m, while net revenues for the current quarter were $3.5bn compared to $3.2bn a year ago.
Investment Management pre-tax income from continuing operations stood at $160m compared to $43m during the last year’s second quarter.
Morgan Stanley’s Tier 1 capital ratio under Basel I was nearly 14.1% and Tier 1 common ratio was approximately 11.8% at 30 June 2013.
Operating 1,200 branch offices in 43 countries, Morgan Stanley delivers investment banking, securities, investment management and wealth management services to corporations, governments, institutions and individuals.
