Morgan Stanley's profit rose in the first quarter, lifted by a resurgence in investment banking.

The Wall Street bank on Tuesday reported net income of $3.4 billion, or $2.02 per diluted share, in the three months ended March 31. That compares with $3 billion, or $1.70 per share, a year earlier. (Reporting by Manya Saini in Bengaluru and Tatiana Bautzer in New York; Editing by Lananh Nguyen and Arun Koyyur)