Merrill vs Morgan: Q2 Earnings, Wealth Results
The two wirehouses share their advisor tallies, profits, fee-based assets and more in their latest reports.
Betterment Launches SRI Portfolio Strategy; Wealthfront Planning One
Both robo-advisors say the strategies are a direct response to growing demand from clients.
How American Families Pay for College: 2017
Sallie Mae’s 10th survey of parents and children shows that parents are saving less and students are borrowing more.
BofA, Goldman Sachs Reverse Roles With Core Business Letdowns
Bank of America beats on trading while Goldman boosts lending; both firms’ stocks jumped more than 30% after Trump’s election.
Merk: What Does Fed’s Shrinking Balance Sheet Mean for Stocks, Bonds & Gold?
Merk expects the Federal Reserve to make a formal announcement this September about reducing its $4.5 trillion balance sheet.
BlackRock Keeps Getting Bigger but Misses Sales Estimates
Rakes in a record $74 billion for exchange-traded funds; but overall revenue fails to meet analysts’ expectations.
IndexIQ Lowers Fees for 3 Currency-Hedged ETFs: Portfolio Products
Also, OppenheimerFunds and Direxion add ETFs; Harvest and Foundation Source launch continuing ed programs.
Bond ETFs Are Hotter Than They’ve Ever Been
Inflows are rising along with the proliferation of new fixed income ETFs, including smart beta funds.
Roubini: 4 ‘Unappealing’ Options for Central Banks in Next Recession
Nouriel Roubini says central banks in advanced economies will have no choice but to plumb the zero lower bound.
Big Banks Continue Winning Streak, With Street at Least
U.S. banks reporting earnings Friday lengthened their streak of surpassing or matching expectations which, to be fair, are managed by bank executives.