Morgan Stanley Group of New York posted...

Morgan Stanley Group of New York posted a 90% rise in profit for the year ended Dec. 31, 1986, the firm reported. Net revenue increased 60%. A spokesman said that 1986 was a year of generally favorable market conditions for both the firm’s investment banking area and sales and trading activities. The 1986 results reflect not only those favorable environmental factors but also the substantial investment the firm has made in building an integrated, global capability, he added.