Richard Drew, File, Associated Press
This Aug. 12, 2014, file photo, shows the headquarters of Morgan Stanley, near Times Square, in New York. Morgan Stanely reports quarterly financial results on Monday, July 20, 2015.

NEW YORK — Morgan Stanley says its second-quarter profit fell 9 percent despite better earnings at all three of its core businesses.

The investment bank and asset management firm said Monday that it earned $1.67 billion. That compares to a profit of $1.82 billion a year earlier. On a per-share basis, the bank earned 85 cents, compared with 92 cents a year earlier, when a one-time tax benefit boosted results.

Financial analysts surveyed by FactSet expected Morgan Stanley to earn 74 cents per share, which typically exclude one-time items.

Net revenue at the bank totaled $9.74 billion, compared with $8.61 billion in the same period a year earlier.

Shares of Morgan Stanley rose 4 percent in pre-market trading.