Goldman Reports Highest Profits in 3 Years
Underwriting revenue at Goldman Sachs surged to a record, and the firm’s reliance on trading fell to the lowest level in more than a decade.
Legal Woes Drag JPMorgan Profits Down 7%; Wells Net Jumps 10%
Though both banks report weaker sales in Q4, JPMorgan faced some $1 billion in legal and other expenses in the fourth quarter.
12 Best & Worst Broker-Dealers: Q1 Earnings, 2013
Several large firms are turning around their operations, but others still face performance issues.
JPMorgan, Wells Fargo See Double-Digit Q1 Profits but Shares Fall on Low Revenue
JPM and WFC both offset lower profit margins on loans by setting aside less money to cover bad mortgage loans.
What’s Behind FINRA’s Newfound Move on Disclosing Broker Bonuses?
A cynical observer might think the impetus for the newly "fiduciary conscious" FINRA's proposed rulemaking was to discourage brokers from demanding bonuses when they switch broker-dealers.
Fed Balance Sheet to Reach $4 Trillion With Next Announcement
The Federal Reserve will “amplify record accommodation” by announcing $45 billion in monthly Treasury buying on Wednesday.
New Hire Roundup: Wells Fargo Advisors Names 3 to Key Roles
This week in new hires, Wells Fargo Advisors filled three leadership positions; Gail Graham and Stephanie Bogan joined United Capital; Jonathan Morris went to Dynasty Financial Partners; and IRI announced changes to its board.
Branch Manager’s Cowboy Call: ‘Can You Ride for the Brand?’
Hard-driving, competitive, goal-focused, Keith A. Vanderveen, president of the home region of Wells Fargo Advisors’ Private Client Group, does not mince words.
New Hire Roundup: Peluso Named President of First Clearing; Dyke Moves Up at American College
This week in new hires, Wells Fargo Advisors named John Peluso the new president of First Clearing and The American College named Barry James Dyke to the advisory board of the New Northwestern Mutual Granum Center for Financial Security.
Wells Fargo’s Peluso Moves From FiNet to Head First Clearing
Wells Fargo's FiNet announced Tuesday that the firm’s president, John Peluso, has been named president of First Clearing Correspondent Services.