The bank's trading business, like those of its main rivals, got a boost in the quarter after the Swiss central bank scrapped a cap on the franc, the European Central Bank announced its quantitative easing program and the U.S. Federal Reserve took steps toward tightening monetary policy. "This was our strongest quarter in many years with improved performance across most areas of the firm," Chief Executive James Gorman said in a statement on Monday. Net income applicable to Morgan Stanley's common shareholders rose to $2.31 billion, or $1.18 per share, in the quarter, from $1.45 billion, or 74 cents per share, a year earlier. Adjusted revenue from equities sales and trading rose by a third to $2.27 billion - a strong performance, but not enough to beat Goldman Sachs Group Inc, which reported revenue of $2.32 billion.
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