Earnings of S&P 500 companies fell -0.4%, marking the first time with two straight quarters of year-over-year declines in earnings since Q1 2016 and Q2 2016.
Five sectors, though, had year-over-year earnings growth. Healthcare topped the list at 9%, followed by financials at 5.2%. Within this group, financial services (-8%) and capital markets (-4%) did not do well, says FactSet Senior Earnings Analyst John Butters. Most of the largest broker-dealers -- several of which are owned by large banks -- had positive earnings growth in the quarter, though a handful did not.
WORST: 13th place. WADDELL and REED — Earnings $33.9 million, DOWN 24% | EPS $0.45, down 18% | Advisor and associate headcount 1,347, DOWN 122. | Waddell & Reed headquarters in Shawnee Mission, Kansas.
12th place. MORGAN STANLEY — Earnings $2.2 billion, DOWN 10% | EPS $1.23, down 5% | Advisor headcount 15,633, UP 1. | Morgan Stanley's New York headquarters (Photo: Bloomberg)
11th place. GOLDMAN SACHS — Earnings $2.42 billion, DOWN 6% | EPS $5.81, down 3% | Investment management sales $1.59 billion, DOWN 14%. | Assets under supervision $1.66 trillion, UP 4% | David Solomon, president and CEO of Goldman Sachs. (Photo: Bloomberg)
10th place. UBS — Earnings $1.39 billion, UP 1% | EPS $0.37, up 3% | Advisor headcount-Americas 6,689, DOWN 248. | Sergio Ermotti, CEO of UBS. (Photo: Bloomberg)

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9th place. FIRST REPUBLIC BANK — Earnings $222.6 million, UP 6% | EPS $1.24, up 3% | Total wealth management assets $138 billion, UP 14% despite net outflows of $5.8 billion| First Republic Bank branch in New York (Photo: Bloomberg)
8th place. CITIGROUP — Earnings $4.8 billion, UP 7% | EPS $1.95, up 20% | Private bank revenue $866 million, UP 2%. | Michael Corbat, CEO of Citigroup (Photo: Bloomberg)
7th place. BANK of AMERICA — Earnings $7.35 billion, UP 8% | EPS $0.74, up 17% | Merrill Lynch advisor headcount 14,690, DOWN 130. | BofA CEO Brian Moynihan. (Photo: Bloomberg)
6th place. AMERIPRISE FINANCIAL — Earnings $492 million, UP 7% | EPS $3.57, up 15% | Advisor headcount 9,951, UP 45 (year over year). | Ameriprise headquarters in Minneapolis. (Photo: Bloomberg)
5th place. RAYMOND JAMES — Earnings $259 million, UP 12% | EPS $1.80, up 16% | Advisor headcount 7,904, UP 185. | Raymond James CEO Paul Reilly.

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4th place. JP MORGAN — Earnings $9.65 billion, UP 16% | EPS $2.82, up 23% | Wealth advisor headcount 2,735, UP 91. | JPMorgan Sign on a building in NYC. (Photo: AP)
3rd place. WELLS FARGO — Earnings $6.2 billion, UP 19% | EPS $1.30, up 33% | Advisor headcount 13,799, DOWN 427. | A Wells Fargo branch in New York (Photo: Bloomberg)
2nd place. STIFEL FINANCIAL — Earnings $103.8 million, UP 22% | EPS $1.31, up 26% | Advisor headcount 2,193, UP 75. | Stifel CEO Ronald Kruszewski. (Photo: Bloomberg)
BEST: 1st place. LPL FINANCIAL — Earnings $146 million, UP 23% | EPS $1.71, up 32% | Affiliated financial advisors 16,161, UP 112. | LPL CEO Dan Arnold.

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