The bank reported a 72% increase, led by gains from lending to investors and last year’s $18.3 billion merger with Mellon Financial.
Citigroup reported a loss of $5.1 billion, or $1.02 per share, for the first quarter, its second consecutive quarterly loss.
ActivePassive Funds group has launched on several platforms including those of Fidelity, Pershing and TD Ameritrade.
The Conference Board's index of leading indicators perked up 0.1% in March, following five consecutive declines.
At Omaha, Neb.-based TD Ameritrade Holding Corp., first-quarter profits were up 35% to $187 million.
A bill would create a federal office inside the Treasury to provide expertise on regulating the insurance industry.
The number of mutual funds voting against climate change resolutions declined from 77.8% in 2004 to 65% in 2007.
Confusing information used by financial services firms is leading many Americans to make investing mistakes.
The U.S. dollar fell to a record low against the euro today, depreciating 1.1% to $1.5965.
U.S. housing starts totaled 947,000 last month, representing a 36.5% drop from March 2007.
