Wells Fargo Teams With Amazon to Offer Discounted Student Loans
The partnership will cut rates for loans by 0.5% if students sign up for the Amazon Prime membership program.
Raymond James Tops Estimates, Reports Strong Revenue: Q2 Earnings
Plus, the Private Client Group's fee-based business is growing 11% year over year, according to CEO Paul Reilly.
Morgan Stanley Profits Drop 14%: Q2 Earnings
The wealth group had pretax earnings of $859 million, down 3% from a year ago.
SheCapital, Robo-Advisor Aimed at Women, Shuts Down
After nearly a year, SheCapital, led by Tina Powell of Beacon Wealth, didn't achieve the activity it needed to stay afloat.
Another Bad Month for Active Funds: Morningstar
With active U.S. equity suffering its largest monthly outflow since October 2008, some fund families feel the pain.
BofA Q2 Profit Drops 18%
Revenue for the wealth group continues to drop, along with fees and commissions at Merrill and elsewhere.
Wells Fargo Hits Q2 Earnings Target on Mixed Results
The wealth unit has slightly weaker profits and sales than a year ago, according to the bank.
JPMorgan Beats Estimates on Higher Sales: Q2 Earnings
The bank, which has 2,620 advisors, saw its profits fall slightly from last year to $6.2 billion.
Advisors Must Tell Clients About Their Robo Use, State Regulator Says
Advisors must disclose to clients when they use robo platforms and what services those platforms provide, Commonwealth Secretary William Galvin of Massachusetts says.
Bank Earnings Could Drop 12% in Q2: FactSet
As JPMorgan is set to report earnings, investors and analysts continue to express concerns about banks and other financial services firms.