Economy & Markets
The important economic and stock market news that advisors need to know.
Change Finance Launches Impact Investing ETF: Portfolio Products
By Emily ZulzImpactUs Marketplace adds two new issuers, and Northern Trust launches a new ESG fund.
October 13, 2017
What Bank Investors Learned From JPMorgan, Citigroup ResultsStart of earnings season showed trading revenue was muted; JPMorgan had better lending margins, Citigroup cut expense.
October 13, 2017
5 Takeaways From BofA, Wells Fargo Q3 EarningsConsumer lending shows cracks on the second day of earnings season; the four largest U.S. banks cut their combined workforce after a pause.
October 13, 2017
BofA Posts Its Best Profit in Six YearsTrading revenue falls 15%, fueled by slump in fixed income; net income climbs 13% to $5.59 billion, beating estimates.
October 13, 2017
Wells Fargo Hit by Surprise Charge From Pre-Crisis MortgagesThe bank takes a $1 billion charge for a pre-crisis mortgage probe; the surprise charge adds to headaches from the fake-accounts episode.
October 12, 2017
Trump's Tax Plan Goads Wal-Mart, Comcast to Buy Back BondsThe shift could lead to unexpected activity in bond portfolios.
October 12, 2017
Oranj Launches Free Wealth Management Software Product for AdvisorsThe MAX offering includes model portfolios and funds from BlackRock, Direxion, Morningstar, ETF Securities and Frost Investment Advisors.
October 12, 2017
Come On, Bondholders, Give Puerto Rico a BreakYou took on risk. You lost. That's life. Now think of the victims of Hurricane Maria.