13 Best & Worst Broker-Dealers: Q3 Earnings, 2019

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Earnings of S&P 500 companies fell -2.2%, the third straight quarter for a year-over-year decline, according to FactSet. Still, 75% of S&P firms posted earnings surprises, and 60% reported revenue surprises. A big majority of those in financial services, 80%, had sales that topped estimates; the upside was about 3% over anticipated results.

6th place.
WADDELL and REED

Earnings $24.8 million, DOWN 27% | EPS $0.38, DOWN 16% | Advisor and associate headcount 1,344 DOWN 30 from a year ago | Waddell & Reed headquarters in Shawnee Mission, Kansas.

12th place.
GOLDMAN SACHS
(which now includes United Capital)

Earnings $1.88 billion, DOWN 25.5% | EPS $4.79, down 25% | Investment management sales $1.67 billion, DOWN 2%. | Assets under supervision $1.76 trillion, UP 14% | David Solomon, president and CEO of Goldman Sachs. (Photo: Bloomberg)

12th place.
WELLS FARGO

Earnings $4.61 billion, DOWN 23% | EPS $0.92, DOWN 19% | Advisor headcount 13,723, DOWN 751. | A Wells Fargo branch in New York (Photo: Bloomberg)

10th place.
BANK of AMERICA

Earnings $5.8 billion, DOWN 19% | EPS $0.56, DOWN 10% | Merrill advisor headcount 17,657, UP 201. | BofA CEO Brian Moynihan. (Photo: Bloomberg)

9th place.
UBS

Earnings $1.05 billion, DOWN 16% | EPS $0.28, DOWN 15% | Advisor headcount-global 10,217, DOWN 460. | Sergio Ermotti, CEO of UBS. (Photo: Bloomberg)

8th place.
MORGAN STANLEY

Earnings $2.06 billion, DOWN 2.4% | EPS $1.27, UP 9% | Advisor headcount 15,553, DOWN 102. | Morgan Stanley's New York headquarters (Photo: Bloomberg)

7th place.
RAYMOND JAMES

Earnings $172 million, DOWN 34% | EPS $1.23, DOWN 32% | Advisor headcount 8,155, UP 251. | Raymond James CEO Paul Reilly.

6th place.
STIFEL FINANCIAL

Earnings $104.6 million, UP 3% | EPS $1.34, UP 7% | Advisor headcount 2,193, UP 44. | Stifel CEO Ronald Kruszewski. (Photo: Bloomberg)

5th place.
CITIGROUP

Earnings $4.9 billion, UP 5.7% | EPS $2.07, up 20% | Private bank revenue $867 million, UP 2%. | Michael Corbat, CEO of Citigroup (Photo: Bloomberg)

4th place.
JP MORGAN

Earnings $9.08 billion, UP 7.7% | EPS $2.68, up 15% | Wealth advisor headcount 2,872, UP 64. | JPMorgan Sign on a building in NYC. (Photo: AP)

3rd place.
AMERIPRISE FINANCIAL

Earnings $543 million, UP 8% | EPS $4.04, up 18% | Advisor headcount 9,930, DOWN 3. | Ameriprise headquarters in Minneapolis. (Photo: Bloomberg)

2nd place.
FIRST REPUBLIC BANK

Earnings $234.8 million, UP 10% | EPS $1.31, up 10% | Total wealth management assets $140 billion, UP 7% | First Republic Bank branch in New York (Photo: Bloomberg)