Results for "earnings"

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UBS loses 248 advisers in the Americas over past year

July 23, 2019

UBS on Tuesday reported a year-over-year decline of 248 financial advisers, or 3.6% of the global bank's financial adviser workforce in the Americas, as of the end of the second quarter. The Swiss bank reported 6,689 financial advisers at the...

Jeffrey Saut: Be conservative, but not conventional

April 17, 2012

The following is an excerpt from the commentary of Jeffrey Saut, Chief Investment Strategist and Managing Director of Equity Research at Raymond James & Associates, for Monday, April 16. To read the full commentary, click here. Since the SPX's...

LPL's recruiting starts the year where it left off in 2018

May 3, 2019

LPL Financial in the first quarter picked up where it left off in 2018, reporting after the market close Thursday that it added $7.1 billion in recruited asssets in the first three months of the year. That's more than one quarter of LPL's total...

Fidelity profit hits record even as assets fall

February 21, 2019

Fidelity Investments posted record revenue and operating income in 2018 even as assets under management fell for the first time in seven years. The mutual fund giant reported outflows from its actively managed stock funds — once its most well-known...

Ameriprise reports higher fourth-quarter earnings despite market drop

January 31, 2019

Despite December's sinking stock market, Ameriprise Financial Inc. reported fourth quarter 2018 net income of $539 million, or $3.76 per diluted share, up from $177 million, or $1.15 a share, in the same period a year ago. Net revenue was nearly...

Big banks' CEOs face reckoning after stock sell-off

January 10, 2019

Sell first, ask questions later. That's been investors' approach to Wall Street banks of late, and it poses a challenge for the companies as they report fourth-quarter earnings next week. Bank chiefs' bullish views and near-record profits in...

Raymond James looks to replicate recruiting success on West Coast

July 28, 2017

Go West, young adviser. That was the message of Paul Reilly, CEO of Raymond James Financial Inc., during Thursday morning's earnings call with analysts. An analyst asked Mr. Reilly about the company's recent success in recruiting in the Northeast...

UBS loses 166 advisers in its Americas unit over the past year

April 25, 2019

UBS lost 60 advisers in the first quarter compared with the previous quarter, pushing the total drop in adviser headcount over the past 12 months to 166, a 2.4% decline, the company reported Thursday. The firm's headcount, 6,790 at the end of...

UBS says wealthy clients add $22 billion in Q1

April 25, 2019

Rich Asians came to the rescue of UBS Group in the first quarter after CEO Sergio Ermotti's dire outlook on market conditions sent investors into shock and investment banking revenue plummeted. Wealthy clients in the Asia-Pacific region accounted...

Education Planning: A Look at the Numbers

September 1, 2018

According to the College Board's pricing trends for the 2017–2018 academic year (the latest data available), the cost at both public and private universities is continuing to rise: Public colleges. Tuition and fees at public four-year colleges...

Corporate earnings will eclipse expectations, optimists contend

December 20, 2009

Forget the “new normal” of lower profit growth. Many market watchers expect corporate profits to surpass even the present rosy expectations, due to aggressive expense control and improved demand. This optimism stands in contrast to the view...

Suds stocks' flat returns go down smooth

October 5, 2008

Beer drinkers are keeping their mugs full even as the economy heads south and Wall Street suffers week after week. Market veterans say beer stocks and other so-called sin stocks outperform the market during periods of economic downturn because...

WaMu's executive bonuses ignite backlash

March 17, 2008

Washington Mutual Inc.'s annual shareholder meeting April 15 will be no love fest. Last month, an investor group targeted the Seattle company's risk committee directors with a "no" vote campaign, claiming that their failure to manage mortgage-related...

Will cash-rich Apple peel off a few bills for shareholders?

February 29, 2012

Apple Inc. (AAPL), approaching a $500 billion market capitalization, will probably start paying a dividend this year, attempting to appease investors who have said the electronics maker is hoarding too much cash. The company is likely to declare...

Third-quarter weak for wealth division at Wells Fargo

January 22, 2012

Wells Fargo & Co. last week reported weak fourth-quarter results for its wealth management division, reflecting the impact of volatile investment markets and reduced customer activity in the firm's giant brokerage business. Overall, the bank...

BofA wealth management untouched by 2Q losses

July 24, 2011

Bank of America Corp. continues to invest in its wealth management division while reining in other lines of business to prepare for new Basel III capital requirements. BofA posted a record quarterly loss of $8.83 billion last week, due in part...

Higher earnings are creating a dividend bonanza

March 20, 2011

Record earnings fueled by the highest profit margins since 1993 are giving executives more leeway than ever to boost dividends as the bull market enters its third year. Margins will climb to 8.9% this year, the highest level in at least 18 years,...

Morgan Stanley CEO is happy that brokers are staying put

July 18, 2018

James Gorman, CEO of Morgan Stanley, loves life at his firm eight months after it dumped an industry agreement called the protocol for broker recruiting, which makes it easier for advisers to leave to join another broker-dealer. For decades,...

TD Ameritrade keeps lid on RIA metrics

July 26, 2009

TD Ameritrade Holding Corp. reported a better-than-expected fiscal-third-quarter profit last week, but company executives had little to say about the firm's business for servicing independent registered investment advisers. “We don't see a...

National Financial Partners and its firms struggle

November 9, 2008

National Financial Partners Corp., the amalgamator of financial planning firms whose shares have plunged 90.7% in the past 52 weeks, is renegotiating its bank credit lines, suspending its dividend and share buybacks and temporarily ceasing acquisitions...

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