Economy & Markets
The important economic and stock market news that advisors need to know.
Merrill vs Morgan: Q2 Earnings, Wealth Results
By Janet LevauxThe two wirehouses share their advisor tallies, profits, fee-based assets and more in their latest reports.
July 18, 2017
BofA, Goldman Sachs Reverse Roles With Core Business LetdownsBank of America beats on trading while Goldman boosts lending; both firms stocks jumped more than 30% after Trumps election.
July 17, 2017
Liquid Asset Rules Chill Bond Market: SIFMA WitnessAnother witness tells a House panel that low rates may be the real icemaker.
July 17, 2017
Merk: What Does Fed’s Shrinking Balance Sheet Mean for Stocks, Bonds & Gold?Merk expects the Federal Reserve to make a formal announcement this September about reducing its $4.5 trillion balance sheet.
July 17, 2017
BlackRock Keeps Getting Bigger but Misses Sales EstimatesRakes in a record $74 billion for exchange-traded funds; but overall revenue fails to meet analysts expectations.
July 17, 2017
IndexIQ Lowers Fees for 3 Currency-Hedged ETFs: Portfolio ProductsAlso, OppenheimerFunds and Direxion add ETFs; Harvest and Foundation Source launch continuing ed programs.
July 17, 2017
Bond ETFs Are Hotter Than They’ve Ever BeenInflows are rising along with the proliferation of new fixed income ETFs, including smart beta funds.
July 14, 2017
How Much Does a Data Breach Hurt a Company's Stock?Study finds evidence of "breach fatigue" as more recent data breaches have less of an impact on stock performance.