Wirehouse Firms
Learn the ins and outs of the wirehouse channel, including news, analysis and more on Bank of America-Merrill, Morgan Stanley, Wells Fargo and UBS.
2011 Q1 Earnings: Wells Fargo’s Wealth Unit Boosts Results, FA Headcount
By Janet LevauxWells Fargo Advisors adds about 50 financial advisors, as company’s overall results miss estimates.
April 18, 2011
2011 Q1 Earnings: Citi Reports Lower Profits, SalesNet income drops 32%, but EPS are $0.01 ahead of analysts’ expectations.
April 15, 2011
2011 Q1 Earnings: Bank of America EPS Disappoints; Merrill Profits Up 68.6%Bank of America reported disappointing Q1 2011 earnings, but the GWIM unit saw one of its strongest quarters since the acquisition of Merrill Lynch.
April 13, 2011
2011 Q1 Earnings: JPMorgan Profits Surge 67%; Asset Management AUM Up 9%JPMorgan kicked off Q1 2011 earnings season by reporting a 67% rise in profits, with EPS at $1.28 per share versus analysts’ expectations for EPS of $1.15.
April 11, 2011
Merrill Lynch Launches Ad Campaign for Clients, AdvisorsThe marketing push aims to attract advisors at rival firms and professionals looking to switch careers, according to a Merrill Lynch marketing executive
April 08, 2011
Case of UBS vs. Morgan Stanley FA Sheds Light on Broker ProtocolPatrick Burns, a California attorney, warns advisors to carefully select the client information they take with them when switching firms, following the case of UBS Financial Services Inc. v Peter N. Junggren, Jr., who recently joined Morgan Stanley Smith Barney and is now subject to a temporary restraining order.
April 06, 2011
2011 Q1 Earnings Preview: Asset Manager Outlook Overshadows Big BanksAs Q1 2011 earnings season begins, portfolio manager Richard Levine of Neuberger Berman Income Equity Fund expects good news from the finance sector.
April 06, 2011
Wells Fargo Settles With SEC on Wachovia; Zuni Tribe, Investors to Get $7.4 MillionThe SEC said Tuesday that Wells Fargo agreed to pay more than $11 million to settle charges that Wachovia engaged in misconduct in the sale of two CDOs.