UPDATE 2-Morgan Stanley profit beats on wealth management gains, lower expenses <!-- no image --> <div>Morgan Stanley reported a drop in quarterly profit but beat analysts' expectations on gains in its wealth-management business and lower expenses.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=X8Q-iHL3W8w:wX-gCRvYVFk: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=X8Q-iHL3W8w:wX-gCRvYVFk:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=X8Q-iHL3W8w:wX-gCRvYVFk:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=X8Q-iHL3W8w:wX-gCRvYVFk:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=X8Q-iHL3W8w:wX-gCRvYVFk:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/X8Q-iHL3W8w" height="1" width="1" alt=""></div> Posted by Reuters