Close Close
ThinkAdvisor

Industry Spotlight > RIAs

Editor's Choice for October 12, 2009: Market-Moving News for This Week

By James J. Green

X
Your article was successfully shared with the contacts you provided.

If there’s one thing that’s more important than jobs when it comes to clear signs of the economy’s health, it’s corporate earnings. This week there’s a passel of quarterly earnings reports, starting on Monday and ending on Friday, that will not only show how the banking sector is doing, but also how well some major brokerage firms–and the largest custodian for RIAs–are doing.

On October 12, Charles Schwab is scheduled to report third quarter results; on October 13, Goldman Sachs; on October 14, JPMorgan Chase; on October 15, Citicorp; and on October 16, Bank of America.

Healthcare reform hearings resume on October 13 before Max Baucus’s Senate Finance Committee, while on October 14, Chris Dodds’ Senate Banking, Housing, and Urban Affairs Committee will examine the state of the banking industry, with Sheila Bair of the FDIC as the lead witness.

Finally, the SEC on October 8 published a draft of its 2010-2015 Strategic Plan, asking for comments. You can download the Plan here.