Results for "earnings"

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Invesco, Longleaf funds stashing cash as bear market cushion

June 8, 2016

You might have clients who want to get in to the stock market, but don't want to take much risk, particularly as the Standard and Poor's 500 stock index flirts with new highs. Your first job, of course, is to explain that this is like wanting...

T. Rowe Price to pay out $194 million to shareholders in four mutual funds, other clients

June 6, 2016

T. Rowe Price said Monday it would pay about $194 million to fund shareholders and other clients for an error it made in voting on the 2013 buyout of Dell. The shareholders held about 31 million Dell shares at the time. At the time of the buyout,...

T. Rowe Price makes a $190 million misstep

June 3, 2016

T. Rowe Price is discovering that when you vote the wrong way in a buyout deal, you repent at leisure — and with millions of dollars. The Baltimore mutual fund giant made a rare error by voting in favor of the 2013 buyout of Dell by founder...

UBS' U.S. wealth management unit posts flat Q1 revenue but record managed account assets a bright spot

May 3, 2016

Revenue at UBS Group AG's wealth management unit for the Americas in the first quarter was little changed from the first quarter a year ago, but the unit got a boost from a rise in managed account assets. The division's managed account assets...

LPL's earnings bounce back, but commission revenue continues to erode

April 28, 2016

LPL Financial Holdings Inc. reported flat first quarter earnings on a year-to-year basis Thursday, but they were a vast improvement from the previous quarter. LPL, which operates the nation's largest independent broker-dealer, reported net income...

BlackRock, GMO forecast single-digit returns for U.S. stocks

April 19, 2016

Richard Turnill, BlackRock's chief global investment strategist, has some advice for investors: Curb your enthusiasm. And he's not alone. “We see a global portfolio made up of 60% equities and 40% fixed income producing annual returns of just...

Market turmoil hurts revenue at Morgan Stanley wealth unit

April 18, 2016

Market volatility hurt revenue at Morgan Stanley's wealth-management business in the first quarter amid investors' concerns about the health of the global economy. The unit's $3.7 billion of revenue was down 2% from last year's fourth quarter...

Wells Fargo adds Credit Suisse brokers under recruiting agreement

April 15, 2016

Wells Fargo & Co. successfully recruited about half the brokers from Credit Suisse Group AG that it looked at under the terms of a recruiting agreement it made with the Swiss firm, acording to bank officials. “We have successfully completed...

DOL fiduciary rule will impact less than 10% of Bank of America wealth assets, CFO says

April 14, 2016

The Department of Labor's fiduciary rule will impact less than 10% of the $2 trillion in assets at Bank of America Corp.'s wealth management business, chief financial officer Paul Donofrio said Thursday morning during a first-quarter earnings...

LPL Financial's problems keep piling up

April 3, 2016

Last October, a month after an activist investor took a large stake in LPL Financial Holdings Inc. and claimed that its shares were undervalued, the company announced a plan to boost its stock price. It was going to borrow $700 million and spend...

Tech stocks for dividends no longer a joke

February 21, 2016

Here's a proposition that should produce gales of laughter from your clients: Consider tech stocks for dividends. The thing is, tech stocks can be a great source of dividends backed by some of the nation's strongest companies. If you can stop...

Some funds are just plain contrary

February 16, 2016

You may think you're a contrarian — a fearless thinker who goes against the herd on the Street. But it's much harder being one than you might think. At least, that's the message from the few stock funds that carry the word “contrarian”...

U.S. stocks join global slide as financials lead selloff

February 11, 2016

U.S. stocks fell, with the Standard & Poor's 500 Index remaining near a 22-month low, as investors shunned risk worldwide amid concern that central-bank efforts to support growth are losing their potency. Banks led the early retreat, with Citigroup...

Top fund managers can't catch a break

February 10, 2016

Some very well-known mutual fund managers are having years they probably would rather forget. Consider Bill Miller, co-manager of Legg Mason Opportunity fund (LGOAX). Mr. Miller, one of the top managers before the financial crisis, lost his...

U.S. stocks rise amid dovish Yellen

February 10, 2016

U.S. stocks rose in choppy trading, while Treasuries and the dollar were little changed as Janet Yellen indicated the Federal Reserve won't be in a rush to tighten monetary policy amid heightened financial-market turmoil. Strength in the yen...

What is keeping fund investors surprisingly calm?

February 9, 2016

The Standard and Poor's 500 stock index is down 9.15% this year, but mutual fund investors aren't fleeing — and that may be because of financial advisers. Investors have yanked an estimated $18.7 billion from domestic stock funds through Jan....

Bank stocks bounce hard

February 5, 2016

Financial stocks were the one of the hottest areas in late 2015, and most advisers believed the trend would carry well into the new year. Advisers were told that the economy would boom in 2016 on top of raising interest rates, a double whammy...

UBS U.S. wealth management: more advisers, less earnings

February 2, 2016

UBS Group AG's wealth management group for the Americas increased financial-adviser headcount last year, attracting $16.8 billion of net new money in the fourth-quarter even as the unit's earnings fell. The U.S. unit had “strong growth”...

Corporate earnings season expected to be the worst since 2009

January 14, 2016

As the fourth-quarter earnings season kicks off this week, results for S&P 500 companies are expected to show a decline in profits for a third quarter in a row, confirming that corporate America has slipped into an earnings recession. Profits...

Guggenheim plays the value card with new Dow dividend-focused ETF

December 17, 2015

With the Fed's first rate hike in nearly a decade behind us and the uncertainty now wrapped around what comes next, the equity markets are expected to face fresh challenges until monetary policy becomes clearer. Such a scenario could pave the...

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