City Fargo, county Wells Financial News

01.08 / 20:52

markets Citi Booking JPMorgan wellness reports Features Merrill Lynch nabs three advisors from Morgan Stanley

Merrill Lynch strengthened its presence in key wealth markets this week as it recruits a triplet of accomplished advisors from Morgan Stanley.

25.07 / 13:21

markets UPS JPMorgan Apple Trade show Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day sale

Berkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett's conglomerate has reduced its stake in the bank.

25.07 / 04:46

Entertainment wellness Comcast Basketball NHL rights Sporting Home of the 76ers, Flyers needs a new naming rights deal after Wells Fargo pulls out

The home of the Philadelphia Flyers and the 76ers — well, the Sixers, for now — will soon need a new name

24.07 / 16:27

markets COST security wellness information reports Morgan Stanley will increase some cash yields to 2%

Morgan Stanley executives last week said the wirehouse bank, like its competitors, was it raising rates on clients’ cash in advisory sweep accounts. At the time, the firm did not reveal details about the changes.

23.07 / 20:42

Provident Strategy Election wellness What happens if munis lose their tax exemption? Advisors weigh in.

Tax-free municipal bonds have traditionally been the cornerstones of high-net-worth investor portfolios.

19.07 / 20:08

COST Williams security Research wellness Trade Higher rates on cash could cost LPL $380 million: analyst

After a tumultuous week for broker-dealers facing higher yields on client cash, one securities analyst on Friday said that higher interest rates on clients’ cash held in advisory accounts may cost LPL Financial Holdings Inc. as much as $380 million, shaving off $3.80 per share on the company’s earnings in the future.

17.07 / 01:10

markets COST UPS security wellness reports Morgan Stanley increases cash sweep pricing for advisory clients

Even as the wealth management operations of the wirehouses benefit from a record breaking stock market, a stumbling block in the way of higher profits is emerging: the amount they are paying clients in interest for certain cash advisory accounts.

16.07 / 18:02

UPS Platform President information reports LPL bolsters tech leadership with new CTO

LPL is making a strong statement on technology as the firm brings on an experienced leader to help take it to the future.

16.07 / 16:01

UPS Provident community wellness President Freedom Prospera picks up former Wells Fargo advisor firm in California

An advisor managing approximately $115 million in assets has joined Prospera Financial Services along with his team.

16.07 / 12:07

markets CEO security Strategy wellness Trade reports Morgan Stanley beats estimates on better-than-expected trading and investment banking

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13.07 / 13:53

Provident Career Strategy Align wellness President National independent advisory firm hires RBC estate planning veteran

A national financial advisor and investment management firm has hired an experienced leader to enhance its estate planning capabilities.

13.07 / 12:42

Citi JPMorgan Citigroup wellness trends reports travelers This week: Consumer prices, Delta Air Lines and bank earnings

On Thursday, the government issues a report on consumer prices in June and Delta Air Lines releases its second-quarter earnings

13.07 / 12:12

markets DOW Trade show reports Wall Street closes higher on bets for Fed rate cut

Wall Street closed higher on Friday, with the S&P 500 and Dow Jones Industrial Average hitting intraday record highs, on bets that the U.S. Federal Reserve will cut interest rates in September, while big banks fell after reporting mixed results. Some of the market's most valuable companies bounced back after dipping in the previous session. Apple and Nvidia each climbed more than 1%.

13.07 / 08:46

UPS DOW Corning How major US stock indexes fared Monday, 7/8/2024

Stocks wavered to a mixed close on Wall Street, nudging the S&P 500 and the Nasdaq composite to more records

13.07 / 08:39

markets COST UPS wellness performer Wells Fargo slides as higher-than-expected costs tarnish quarterly results

Wells Fargo & Co. shares suffered their biggest intraday drop since the depths of last year’s regional-bank crisis as the lender’s second-quarter results were marred by higher-than-expected costs.

13.07 / 08:23

markets UPS wellness Relationships Scandals International Wells Fargo’s focus on independent advisors taking shape

Wells Fargo Advisors’ big bet on stabilizing its sales force of financial advisors by focusing on its independent broker and investment advisor channel appears to be paying off, according to senior executives and industry sources with knowledge of the changes there.

13.07 / 06:26

markets UPS Trade Fastenal reports Stock market today: Wall Street climbs as earnings season gets underway

U.S. stock indexes are rising following some mixed signals on big banks’ profits and on inflation

13.07 / 01:40

COST CEO wellness Trade reports Wells Fargo shares tumble after net interest income falls short of estimates

Wells Fargo on Friday reported a 9% decline in net interest income, even though its second-quarter earnings and revenue exceeded Wall Street expectations.

12.07 / 22:35

CEO JPMorgan economy show reports testing strain JPMorgan Chase is set to report second-quarter earnings – here's what the Street expects

In this article

12.07 / 21:43

UPS Progressive JPMorgan Citigroup wellness Bill Trade JPMorgan Q2 profit rose 25% as bank cashed in holdings in Visa

Signs of consumers slowing down spending and falling behind on their bills weighed down shares of the big banks on Friday

12.07 / 21:01

Platform Matthews wellness President reports Baird adds to Ohio presence with Wells Fargo hire

Baird has strengthened its operations in the Northeast as an industry veteran and former wirehouse advisor joins its ranks.

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