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: Goldman Profits Fall 21% as Bank Pays Warren Buffett Back
By Joyce HansonGoldman 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 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.
March 31, 2011
BofA, Krawcheck Narrow Search for New Merrill HeadTwo senior executives and two regional directors are reportedly in the running for the top Merrill Lynch post.
March 25, 2011
Baird Taps More Wirehouse Staff, Open to IBD HiresWhile Baird has lately hired Morgan Stanley and Wells Fargo FAs, Baird's Matt Curley would consider Securities America and other independent advisors.