NEW YORK (AP) - Morgan Stanley says its quarterly profit more than doubled, thanks to strong results from its investment banking and money-management units. The news drove up the investment bank's stock in early trading.

NEW YORK (AP) Morgan Stanley says its quarterly profit more than doubled, thanks to strong results from its investment banking and money-management units. The news drove up the investment bank's stock in early trading.

Second-quarter net income jumped to $1.88 billion from $900 million a year earlier, the bank said Thursday. That's after excluding an accounting adjustment.

Revenue increased 2.2 percent to $8.52 billion over the year, slightly higher than the $8.22 billion analysts had expected, according to the data provider FactSet.

On a per-share basis, Morgan Stanley's quarterly earnings were 91 cents, easily beating analysts' forecasts of 55 cents.

Morgan Stanley's stock was up 72 cents, or 2.2 percent, to $33.24 in premarket trading. The bank has lagged behind the broader market this year, gaining 2 percent. The Standard & Poor's 500 index, the most widely used stock-market benchmark, has climbed 7 percent.