Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
BlackRock Doubles Q2 Net Income, but Client Outflow Problems Persist
By Joyce HansonBlackRock reported Q2 2010 net income of $432 million, up $214 million from a year ago and up $9 million from the first quarter.
July 20, 2010
State Street Reports Q2 Earnings Per Share of 87 Cents, Down From 99 Cents in Q1State 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
Wells Fargo Shares 2010 Outlook: 'Little Upside'The Wells Fargo Advisors' Advisory Services Group, led by chief macro strategist, Gary Thayer, has just released its 2010 Midyear and Economic Outlook.
July 20, 2010
BNY Mellon Boosts Q2 Earnings on Lower Clearing IncomeThe Bank of New York Mellon reported on July 20, quarterly income from continuing operations of $668 million, or $0.55 per share, compared with $267 million, or $0.23 per share, in the second quarter of 2009.
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