Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
State Street Reports Q2 Earnings Per Share of 87 Cents, Down From 99 Cents in Q1
By Joyce HansonState Street reported second-quarter 2010 earnings of 87 cents, down 12 cents from 99 cents Q1, due primarily to a securities lending charge. Profits stood at $432 million compared with a loss of $3.31 billion last year.
July 20, 2010
DoubleLine to Launch a Diversified Actively Managed FundDoubleLine Funds Trust has filed to launch a new actively managed fund, DoubleLine Multi-Asset Growth Fund.
July 20, 2010
Morgan Stanley Re-Works Wealth Management TeamMorgan Stanley Smith Barney appointed James Tracy as chief operating officer of distribution and development for wealth management in the U.S. and Douglas Ketterer as head of its private-wealth management unit in the U.S. on Monday, July 19.
July 20, 2010
Goldman Sachs Q2 Earnings Plummet on SEC Settlement, U.K. Bank Tax, and Market VolatilityGoldman Sachs reported net earnings of $613 million for second-quarter 2010, an 82% drop from quarterly earnings a year ago, at $3.44 billion. Earnings per common share were posted at 78 cents versus $4.93, 84% lower.
July 20, 2010
TD Ameritrade Net New Assets in Q2 Up 30% vs. Last YearTD Ameritrade Holding Corp. (AMTD) announced Tuesday, July 20, that net new client assets rose to nearly $9 billion in the quarter ended June 30, a jump of close to $3 billion or 30% over the same year-ago period
July 20, 2010
Housing Starts Dropped Precipitously in June, Commerce Department SaysNew home and apartment construction statistics for June showed a precipitous drop in housing starts, which were 5.0% below the revised estimate for May and 5.8% below the June 2009 rate, the U.S. Commerce Department reported.
July 19, 2010
LaCrosse Global to Buy BofA-Merrill Fund-Admin BusinessLaCrosse co-CEO says, 'Post-Madoff operational due diligence now more important than ever'
July 19, 2010
Broadridge Introduces Data Transparency Tool for ETF ManagersMarket Intelligence, a data transparency tool that allows exchange traded fund managers to see how financial advisors are using ETF products, has been launched by Broadridge Financial Solutions Inc.