Economy & Markets
The important economic and stock market news that advisors need to know.
BofA Back in Black as Merrill Hires More FAs: Q4 Earnings
By Janet LevauxBank 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 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.
January 18, 2012
Lawmakers Probe Regulators Over Volcker Rule ProposalLawmakers took regulators to task on Wednesday over their proposal to implement Section 619 of the Dodd-Frank Act, commonly referred to as the Volcker rule, citing the proposed rules complexity as well as its costs.
January 18, 2012
Q4 Earnings: Goldman Beats Street; Net Income FallsIn fourth-quarter 2011, Goldman Sachs earned $1 billion, or $1.84 per share, from October through December, beating analysts' estimate of $1.28 per share.
January 17, 2012
Foreclosures Set to Surge in 2012The struggling U.S. real estate market may get a fresh kick in the legs from an increase in foreclosures in 2012 after an ebbing of the robo-signing controversy that slowed down repossessions in 2011.