A lull due to the coronavirus appears to be over, according to the No. 1 IBD’s top recruiter. The firm is still competing against a slew of rivals for ex-wirehouse reps.

It’s one of several ways that the firm is working to keep growth plans on track.

Deposits increased by almost $30 billion in March alone, with clients shifting out of equities and into cash.

AUM is down 7% for the wirehouse, which now has 20,000 financial advisors and associated staff working remotely.

BofA joins rival banks in setting aside billions for loan losses

Nearly everything fell during the difficult first quarter: net income, advisory assets, IRA assets, and advisor headcount.

Though hopeful for a second-half bounceback in the economy, JPMorgan Chase is prepared for 20% unemployment, lackluster GDP and losses in its loan portfolio that could reach tens of billions of dollars.

The damage hints at what’s to come when the rest of Wall Street reports results this week.

The firm's wealth management unit saw new demand for credit, according to CEO Sergio Ermotti.

Ratings agencies predict major losses for all of the largest BDs, prompting firms to reassess strategies in uncertain times.