Morgan Stanley Group Inc.’s income increased 53.3%...

Morgan Stanley Group Inc.’s income increased 53.3% to $98.6 million for the quarter ended March 31, compared to $64.3 million in the comparable period last year. The international New York-based securities firm said higher investment banking and financial advisory revenues more than offset a lower level of equity underwriting. “Worldwide sales and trading performance was strong, and asset management, foreign exchange and commodities businesses made good contributions,” the company said.