Morgan Stanley achieved a 15 percent increase in profit in the second quarter, surpassing analyst expectations. Net income amounted to 3.5 billion US dollars, compared to 3.2 billion in the same period of the previous year. Analysts had on average expected a profit of 3.2 billion dollars.

Once again, the driver of the result was the asset management division. The wealth management business, which now manages approximately six trillion dollars in client funds, increased its revenue by 14 percent to 7.8 billion dollars. Crucially, there was a significant rise in client inflows to 59.2 billion dollars—substantially more than the expected 45.8 billion dollars and well above the previous year's value of 36.4 billion dollars. Investors interpret this figure as a gauge of the division's growth dynamics.

The management delivers in all areas of the integrated bank, acts as a reliable partner for our customers, and ensures sustainable growth and long-term returns for our shareholders," said CEO Ted Pick.

The trade also made a solid contribution. Revenue from stock trading increased by 23 percent compared to the previous year to 3.7 billion dollars. In the Fixed Income sector, revenue increased by 9 percent to 2.2 billion dollars, supported by recent market volatility.

In contrast, investment banking developed weaker. Here, revenues fell by 5 percent, which the institute attributed to a lower volume of completed M&A transactions.

Pre-market, Morgan Stanley's stock in New York was down about one percent.