Morgan Stanley posted an 11 percent rise in quarterly profit as strength in wealth management and investment banking businesses more than made up for a slowdown in trading.
The bank's wealth management revenue rose 8.7 percent to $4.22 billion - its highest ever, while investment banking revenue rose 12.7 percent to $1.38 billion.
Revenue from equities trading, a business in which Morgan Stanley is typically strong, remained flat at $1.9 billion.
Morgan Stanley decided in September to buy the commercial real estate loan platform, Mesa West Capital LLC.