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Clients opened almost 1.2 million retail accounts, boosting flows to mutual funds and ETFs, the firm reports.August 19
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Despite growing to about $1.1 trillion in AUM, senior executives made a series of bets to keep pace in a changing industry that have yet to pay off.July 29
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CEO Sergio Ermitto said "buybacks have been demonized way too much."July 21
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The chief executive outlined a future where offices need not be fully staffed.July 21
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The company allocated $5.1 billion for loan losses in the second quarter, the most since 2010.July 16
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Wealth management profits fell, but a steep rise in transactional business offset some of the decline.July 16
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Fixed-income trading revenue almost tripled, driving a 73% jump in total trading that surged past expectations.July 16
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The bank has been in turmoil relative to peers for years. The economic fallout from the coronavirus pandemic only made matters worse.July 14
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It’s the second consecutive quarter that trading set a record, as the bank’s Wall Street unit is helping prop up the consumer-lending division.July 14
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“Overall there were not many positive data points to hang your hat on,” according to analysts. Advisor headcount, net interest income and assets were down.July 14
