July 18, 2018 / 11:06 AM / a month ago

Morgan Stanley profit jumps 43 percent

July 18 (Reuters) - Morgan Stanley reported a 43 percent rise in quarterly profit on Wednesday, helped by increase in revenue from its trading and investment banking businesses.

Net income applicable to shareholders rose to $2.27 billion in the quarter ended June 30 from $1.59 billion a year ago.

On a per share basis, the bank earned $1.30, up from 87 cents per share a year ago.

Analysts had on average forecast earnings per share of $1.11, according to Thomson Reuters I/B/E/S data. It was not immediately clear if the figures were comparable.

Rival Goldman Sachs on Tuesday posted a better-than-expected rise in profit, helped by strength in investment banking and bond trading business. (Reporting By Aparajita Saxena in Bengaluru Editing by Saumyadeb Chakrabarty)

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