Economy & Markets
The important economic and stock market news that advisors need to know.
Playing the Earnings Game
By Tom NawrockiFor the current earnings period, negative pre-announcements are outnumbering positive ones by a whopping 3-to-1 margin. Guess what? That's good news.
January 19, 2012
BofA Back in Black as Merrill Hires More FAs: Q4 EarningsBank of America said Thursday that it had net income of $2 billion for the fourth quarter of 2011 vs. a net loss of $1.2 billion in the same year-ago period, meeting analysts expectations.
January 19, 2012
Hedge Funds Could Push for Greek DefaultIf hedge funds have their way, Greece will be forced to default so that credit default swaps will pay for any losses the debt-troubled country sought to compel investors to accept.
January 18, 2012
Q4 Earnings: BNY Mellon Profits Drop 25%; Pershing FlatBNY Mellons Q4 profits totaled $0.42 per share compared with $0.54 per share in the fourth quarter of 2010. Analysts had anticipated EPS of $0.52 in Q4.
January 18, 2012
AdvisorOne’s 2011 Q4 Earnings Calendar for the Finance SectorHere is AdvisorOne's calendar marking expected Q4 earnings dates for firms of greatest interest to financial advisors.
January 18, 2012
Top 25 Fastest Growing Fund ManagersQuite a few of the top 25 fastest growing fund managers for last year came from boutique firms, according to Strategic Insights Simfund database.
January 18, 2012
Which Indexed Annuity GLWB is Best?The determining factor ultimately depends on whether the rider performs better now or later.
January 18, 2012
IMF Seeks to Boost Capacity by $500 BillionThe International Monetary Fund intends to boost its lending capacity from the current level of $385 billon by asking members to contribute more funds, up to $600 billion, as it seeks to forestall the spread of the European debt crisis.