Economy & Markets
The important economic and stock market news that advisors need to know.
Schwab, TD Ameritrade Post Strong Q4 Earnings as New Accounts, Assets Soar
By Janet LevauxAssets in proprietary Schwab ETFs rose more than 50% from last year to $62 billion.
January 13, 2017
Wells Fargo Benefits From Higher Rates, Plans Cost ReductionThe bank is targeting a $2 billion cut in annual expenses by end of 2018.
January 13, 2017
El-Erian Says Buy Emerging Market Currencies That Fell Too MuchAllianz's chief economic advisor says these currencies will eventually "come back," but investors should expect volatility in the meantime
January 13, 2017
BofA Raises Forecast for Interest Income as Profit Climbs 43%Net interest income is expected to increase by about $600 million in the first quarter.
January 13, 2017
New Study Predicts Charitable Giving Rise in 2017 and 2018Increases in the U.S. economy will lead to a near-term rise in philanthropic giving, Indiana Universitys Lilly Family School of Philanthropy predicts.
January 13, 2017
Janus Advisor Guide: Beware of Correlations, and Other Investment TipsJanus Funds 2017 Wealth Advisors Guide identifies the intended and unintended risks of advisors asset allocations in their model portfolios.
January 12, 2017
UBS Hit With Second $18M Ruling Over Puerto Rican MunisThe ruling includes $4 million in punitive damages, while the prior award is being challenged in court.
January 12, 2017
Bank Analysts Say ‘Steady On’: Q4 Earnings PreviewBofA, Wells Fargo and JPMorgan kick off the fourth-quarter reporting season on Friday.