12 Best & Worst Broker-Dealers: Q3 Earnings
Earnings fell as much as 88%, but also jumped over 70% within the broker-dealer industry—AdvisorOne spotlights the six best and six worst performers.
LPL Tops Estimates, Boosts Assets
The number of advisors drops from the second quarter, but is up for the year at 13,140.
UBS Reports Q3 Loss; Improves Advisor Headcount
Profits are up for UBS' U.S.-based wealth operations as the number of advisors tops 7,030 and net new money has improved.
TD Ameritrade Has 13% Drop in Quarterly Profits, But Boosts Net New Assets
AMTD's profits for the full year fell 8%, totaling $586 million, or EPS of $1.06, versus $638 million a year ago, or EPS of $1.11.
Ameriprise Gains Advisors, Boosts Assets
"We had another good quarter, led by solid results in our advisory and asset management businesses,” said Jim Cracchiolo, chairman and CEO.
Raymond James Boosts Q3 Earnings, Loses 37 Reps
The firm says it is upbeat about recruiting, as lower-producing Morgan Keegan advisors depart.
BofA Earnings Beats Estimates, but Advisors’ Sales Slow
As bank sees plunge in profits from last year's Q3, the number of Merrill Lynch advisors drops by one from the previous quarter to 17,533.
Finance Sector’s Q3 Growth Seen Leaving Others in Dust
Early reports for the finance sector’s third-quarter 2012 performance indicate that it is on track to best all other sectors, at overall profits of 11.8%, in what looks to be an otherwise lackluster earnings season.
JPMorgan, Wells See Big Q3 Profits as Bank Lending Returns
Investors looking for good news found it Friday as JPMorgan and Wells Fargo both reported double-digit profits for the third quarter.
AdvisorOne’s 2012 Q2 Earnings Calendar for the Finance Sector
AdvisorOne presents a calendar marking expected Q2 earnings dates for firms of greatest interest to financial advisors.