12 Best & Worst Broker-Dealers: Q3 Earnings, 2016
After two weak quarters, the financial sector begins to see better results.
$500M Wells Fargo Team Moves to RBC Wealth: Recruiting Roundup
Meanwhile, both Merrill Lynch and HighTower Advisors announce new reps and executive appointments.
Merrill Kills Mutual Fund Sales in IRAs; DOL Rule Sparks Move
The wirehouse says it is making the move to get ahead of the April 2017 DOL fiduciary deadline.
John Thiel, Head of Merrill Lynch, to Step Down
Thiel says he will stay on as an advisor; the new chief will be Andy Sieg, head of Global Wealth & Retirement Solutions.
Merrill Hires 3 New York Advisors From UBS
Bank of America-Merrill Lynch has recruited three veteran financial advisors from UBS with combined client assets of $750 million.
12 Best & Worst Broker-Dealers: Q2 Earnings, 2016
Like in Q1, profits for financial firms generally moved in the same direction, with one exception.
BofA Sees Digital Payments Cutting $1 Billion Cash-Handling Cost
"The more electronification, the less people," CEO Brian Moynihan says.
BofA Q2 Profit Drops 18%
Revenue for the wealth group continues to drop, along with fees and commissions at Merrill and elsewhere.
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.
Gundlach: Low Yields Leading to ‘Mass Psychosis’
The market is full of madness, but there are still opportunities to watch for, said DoubleLine CEO Jeffrey Gundlach.