Morgan Stanley beats estimates on better-than-expected Wall Street and wealth management results

Morgan Stanley reported a 51% increase in profit to $3.39 billion, or $1.81 per share, compared with the $1.27 estimate by Wall Street analysts.Morgan Stanley reported a 51% increase in profit to $3.39 billion, or $1.81 per share, compared with the $1.27 estimate by Wall Street analysts.