UPDATE 3-Morgan Stanley reports drop in profit, but wealth management gains <!-- no image --> <div>Morgan Stanley reported a drop in quarterly profit Thursday, hit by lower market activity amid global trade tensions and expectations for U.S. interest rate cuts.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=grOZZlAib5Q:iQ7zAChjakQ: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=grOZZlAib5Q:iQ7zAChjakQ:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=grOZZlAib5Q:iQ7zAChjakQ:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=grOZZlAib5Q:iQ7zAChjakQ:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=grOZZlAib5Q:iQ7zAChjakQ:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/grOZZlAib5Q" height="1" width="1" alt=""></div> Posted by Reuters