Third-quarter results from Wells Fargo surpassed most analysts' expectations, thanks to surging investment-banking fees.

The firm raises its predictions after finding that fewer customers are shifting cash in pursuit of higher yields.

In an earnings call, an RBC executive says the firm decided to raise its account yields in response to higher Fed rates because "the right balance was to allocate some of that rising rate to our customers."

UBS executives estimate their plan to raise rates on certain accounts will cost the firm $50 million. A new suit cites that as evidence that the firm "violated its obligations to its clients."

The Swiss banking giant said a planned change to its yields on clients' uninvested cash will take a $50 million bite out of its net profits.

Find all of the figures from Financial Planning's latest annual study of brokerages whose financial advisors aren't employees of the firms.

The latest push-pull episode between the giant firm and its large branches came to light in its earnings call. Unanswered questions loom large for its future.

The regional wealth manager reports losing 41 advisors in the second quarter, although its headcount was still up 4%.

The surprise announcement of their exit distracted from some record metrics and the firm's indication that it will be keeping its cash sweep yields the same.

Ameriprise Financial reported higher second-quarter earnings driven by its wealth groups.

Net revenue for the Private Client Group reached a new height of $2.42 billion, an 11% jump from the same quarter last year.

CFO Jim Marischen commented on the company's cash sweep policies, following industry concerns about the practice.

The firm continues to see success with encouraging wealth clients to open banking accounts.

The brokerage giant sticks to more conservative approach to retail investing amid increasingly crowded market.

The company celebrated its 25th anniversary as a public company with net earnings of $700 million in its wealth unit. The profits were an improvement from its losses last year.

With a profit margin of 46% in the business segment and new converts using the firm's technology, BNY CFO Dermot McDonough said the company is in good shape.

Citi's CEO Jane Fraser assured investors Friday that the megabank was on the rebound from a corporate restructuring and regulatory actions.

The megabank saw a 15% increase in assets under management in its wealth management division in the second quarter.

Rising expenses from increasing asset values in client accounts also put a dent in the unit's bottom line in the second quarter.

The Toronto-based bank's U.S. subsidiary has taken in $15 billion in asset inflows in the past two years.