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.
JPMorgan Clearing Deal Will Return $800 Million to Lehman Estate
By Daniel WagnerJPMorganChase & Co. will return assets worth $800 million to lawyers representing the brokerage arm of failed investment bank Lehman Brothers Holdings Inc.
April 20, 2011
2011 Q1 Earnings: Wells Fargo’s Wealth Unit Boosts Results, FA HeadcountWells Fargo Advisors adds about 50 financial advisors, as company’s overall results miss estimates.
April 19, 2011
BofA, Morgan Stanley, Wells Fargo Battle to Regain Business Lost to RIAs: FRC StudyWirehouses are working to regain market share lost to RIAs by making major changes in the way they work with advisors, asset managers and investors, says FRC.
April 19, 2011
2011 Q1 Earnings: Goldman Profits Fall 21% as Bank Pays Warren Buffett BackGoldman Sachs reported Tuesday Q1 2011 profits of $2.74 billion, down 21% from a year ago, after buying back Warren Buffett’s preferred stock.
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