TD Ameritrade Posts Mixed Results on Lower Trading for Q1 FY 2011
TD Ameritrade reports that net new assets of $10.2 billion grew 11% vs. last year but dropped 18% from the previous quarter, as total assets hit $406.3 billion.
Q4 Earnings: Wells Fargo Beats Estimates, Boosts Advisor Headcount
Wells Fargo beats earnings estimates, adds financial advisors, while improving its wealth-management net income.
Q4 Earnings: Citi Misses Earnings on Lower Results
At Citigroup, loans improved, but sales and profits–including those from its Morgan Stanley Smith Barney joint venture–declined year over year.
Q4 Earnings: JPMorgan Profits Down 23%; Asset Management Off 40%
In JPMorgan Chase's Q4 2011 earnings release, CEO Jamie Dimon highlighted the bank's loans to businesses and consumers rather than focus on poor trading conditions and lower revenues.