Economy

Updated Monday, May 20, 2013 as of 2:21 PM ET

Economy

Raymond James Earnings Boosted by MK Deal

Raymond James Financial’s acquisition of Morgan Keegan lifted the St. Petersburg, Fla.-based firm’s earnings despite unfavorable economic conditions.

“Overall, I am pleased with our quarterly results given the Morgan Keegan integration efforts and the difficult market environment,” chief executive Paul Reilly said in a statement. Net income at the parent company, Raymond James Financial Inc., rose 63% to $76,350,000 in the third quarter of 2012 from $46,786,000 for the same period one year ago. more »

More in Economy

see all

Affluent Investor Confidence Hits New Low

Spectrem’s affluent investor confidence index fell to its lowest point in eight months. more »

Paulson Forecasts 50% Chance Euro Will Break Up

An event causing a breakup may happen in three months to two years, Paulson said on a conference call reviewing second-quarter performance, according to the investor, who asked not to be named because the call was private. more »

Millionaires Bullish On Economy’s Future, Despite Real Estate Woes

Fidelity survey finds that wealthy investors are especially upbeat about consumer confidence and spending right now but still remain very concerned about real estate prices. more »

Northern Trust Names Chief Economist

Northern Trust has appointed Carl R. Tannenbaum as its chief economist, succeeding Paul Kasriel, who retired from Northern Trust earlier this year. more »

Pimco’s Gross Forecasts U.S. Growth at 1.5% Over Next Decade

Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., forecasts real growth in the U.S. will be about 1.5 percent a year for at least the next 10 years. more »

JPMorgan Top Stock Picker as Investors Rate Brokerage Research

JPMorgan, under Americas equity research head Noelle Grainger, scored the largest number of highly ranked analysts, making it the No. 1 firm in U.S. equities research. Bank of America was No. 2, followed by Morgan Stanley. more »

Corporate Bosses Lower Expectations for Global Economy

The 12-month global economic outlook of top executives around the world darkened in the second quarter, according to the CGMA Global Economic Index released today. more »

Creative Solutions to Beat the Bust

Economist Milton Friedman once famously quipped that price deflation can be fought by "dropping money out of a helicopter." But what, instead, if you burn houses down? more »

Biggest June Gain in Decade Pushes Stocks Past Bonds in 2012

The biggest June rally for global stocks since 1999 is handing equity investors the year’s top returns, beating the dollar, bonds and commodities. more »

How Will Health Care Ruling Impact Advisors?

The Supreme Court’s decision to uphold the health care overhaul could have a broad impact on wealthy investors’ wallets with a new 3.8% increase on investment income. more »

Investor Confidence Rattled in Stormy Start to Summer Economy

The outlook among affluent households sank to a six-month low in June, according to Spectrem's investor confidence indices. more »

Global Economy Hits the Skids, Again

As if on cue, the economy has once again stalled after a promising first quarter, just as it’s done for the past three years. more »

Investor Confidence Spikes in June

Despite a global economic slump, investor confidence in June rose to its highest level of the year, according to the State Street Global Investor Confidence Index. more »

AdvisorTV