Earnings
Earnings
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The Buffalo-based institution generated $127 million in second-quarter revenue from trust services, up 5% year-over-year.
July 20 -
Rising markets boosted revenues for wealth- and asset-management arms at the largest U.S. banks to $18.4 billion in the second quarter, according to data compiled by Bloomberg.
July 20 -
The firm needs a digital advice offering for clients who don't want a traditional relationship, CEO James Gorman said.
July 19 -
The bank's wealth management businesses earned $124 million on $600 million in revenue in the second quarter.
July 19 -
The firm also said it has benefited from low attrition and its training program.
July 18 -
The firm's headcount has steadily declined since the bogus account scandal came to light last year.
July 14 -
Second-quarter revenue climbed 9% year-over-year even as the number of advisers dropped by 6%.
July 14 -
The wirehouse’s pre-tax earnings jumped 42% year-over-year despite losing 176 advisers in that time.
May 1 -
Dan Arnold expects that upheaval to lead to more movement of advisers and assets.
April 28 -
The firm's Private Client Group saw pretax profits drop to $29 million from $83 million for the year-ago period.
April 27 -
The firm's adviser headcount slipped 98 year-over-year.
April 25 -
The firm reported record revenues, net income and client assets for the first quarter.
April 19 -
First-quarter profits jumped almost 40% on $577 million in revenue.
April 19 -
Some brokers who recently left the wirehouse cited differences over its policy to cease offering commission-based retirement accounts.
April 18 -
While first-quarter revenue from insurance services fell 7.5% year-over-year, the overall wealth management business still managed to come out ahead.
April 18 -
The Buffalo-based institution generated $120 million in first-quarter revenue from trust services, up 8% year-over-year.
April 17 -
First-quarter revenue jumped 9% year-over-year even as the number of advisers fell by 10%.
April 13 -
Net income and client assets grew even as the firms' headcount continued its steady decline.
April 13 -
The last time the pool was smaller was in 2012, when it decided to cut large parts of the investment bank and was fined for trying to rig global interest rates.
March 10 -
The nation's largest IBD vows to take a “proactive approach” to the fiduciary rule.
February 9

















