Why Morgan Stanley (MS) Stock Is Up Today

NEW YORK (TheStreet) -- Shares of Morgan Stanley (MS) are up 1.51% to $32.99 in pre-market trading on Thursday after it reported net income attributable to common shareholders rose to $1.86 billion, or 94 cents per share in the second quarter, up from $803 million, or 41 cents per share, a year earlier.

Excluding an accounting adjustment, the bank said net revenue rose 1% to $8.61 billion.

Morgan Stanley, ranked number two globally in mergers-and-acquisitions, benefited from a strong equities market in the quarter.

Must Read: Warren Buffett's 25 Favorite Growth Stocks

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