UPDATE 1-Morgan Stanley profit beats on wealth management focus <!-- no image --> <div>Morgan Stanley reported a drop in quarterly profit but beat analysts' expectations on slim gains in its wealth management business and lower expenses.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=uyYpljbM-LQ:wgm4X3IZdlg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=uyYpljbM-LQ:wgm4X3IZdlg:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=uyYpljbM-LQ:wgm4X3IZdlg:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=uyYpljbM-LQ:wgm4X3IZdlg:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=uyYpljbM-LQ:wgm4X3IZdlg:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/uyYpljbM-LQ" height="1" width="1" alt=""></div> Posted by Reuters