<p>Morgan Stanley's profit slipped 18 per cent in the second quarter as Wall Street's deal-making drought stunted revenue from investment banking.</p>.<p>Profit applicable to common shareholders fell to $2.05 billion, or $1.24 per diluted share, for the three months ended June 30, the bank said on Tuesday.<br /><br /><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/india-transformed-in-less-than-a-decade-morgan-stanley-1223572.html">India transformed in less than a decade: Morgan Stanley</a></strong></p>.<p>That is down from $2.39 billion, or $1.39 per diluted share, a year earlier.</p>
<p>Morgan Stanley's profit slipped 18 per cent in the second quarter as Wall Street's deal-making drought stunted revenue from investment banking.</p>.<p>Profit applicable to common shareholders fell to $2.05 billion, or $1.24 per diluted share, for the three months ended June 30, the bank said on Tuesday.<br /><br /><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/india-transformed-in-less-than-a-decade-morgan-stanley-1223572.html">India transformed in less than a decade: Morgan Stanley</a></strong></p>.<p>That is down from $2.39 billion, or $1.39 per diluted share, a year earlier.</p>