Morgan Stanley profit more than doubles, beating estimates

Credit: Reuters/Mike Blake

The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California September 24, 2013.

Net income attributable to common shareholders rose to $1.86 billion, or 94 cents per share, in the three months to June 30 from $803 million, or 41 cents per share, a year earlier.

The figures exclude accounting adjustments to reflect the changing value of Morgan Stanley's own debt, which investors and analysts typically ignore.

(This story corrects year-earlier earnings to $803 million from $802 million)

(Reporting by Lauren Tara LaCapra and Tanya Agrawal; Editing by Ted Kerr)

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