Morgan Stanley Q2 revenue beats estimates

U.S. financial services firm's Q2 revenue rose, beating analyst expectations
Adjusted EPS for Q2 rose to $3.46, up from $2.13 a year ago
Company repurchased $1.5 bln in stock, board approved new $20 bln buyback program

Morgan Stanley did not provide specific guidance for future quarters or the full year in the press release
Institutional Securities - Record net revenues driven by strong performance in equity and investment banking, with notable strength in client engagement and favorable market conditions
Wealth Management - Net revenues rose on higher asset management fees, robust client activity, and net new assets of $148 bln
Investment Management - Net revenues increased due to higher average AUM and positive flows