Earnings
Earnings
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Edward Jones' 2024 winning streak continues. In the third quarter, the firm's advisor headcount expanded and its net revenue rose by double digits.
November 8 -
New CEO Rich Steinmeier depicted a firm that's conducting business as usual despite the turmoil in its upper ranks earlier in the month.
October 31 -
Swiss bank UBS reported a jump in wealth management revenues in the third quarter as profits soared higher than analysts expected. Still, CEO Sergio Ermotti warned of an economic soft landing and uncertainties in the U.S. presidential election.
October 30 -
Adjusted operating net revenues within the Minneapolis-based firm's advice and wealth management segment grew 14% to $2.7 billion in the third quarter compared to a year ago.
October 24 -
CEO Paul Reilly said that even if the firm is recruiting fewer advisors, the books of business it is bringing on are growing only larger.
October 24 -
After adding 27 advisors in the past three months, CEO Ronald Kruszewski looks at the "recruiting landscape" and likes what he sees.
October 23 -
The New York-based investment bank reported higher revenues across all business lines, with double-digit increases in wealth management and investment banking.
October 16 -
Jane Fraser and other Citi execs point to the wealth unit's 9% bump in revenue and 24% increase in investment assets as signs that the firm's recent overhaul is working.
October 15 -
A margin of 46% for the unit housing the giant clearing and custody firm may console executives who say the First Republic deconversion "is now largely behind us."
October 15 -
Merrill and Bank of America Private Bank report starting 5,500 new client relationships in the third quarter, more than a third of which came through recent graduates of its training program.
October 15 -
The firm's stock traders recorded their best quarter in more than three years, on track for their best year ever.
October 15 -
Funds managed by Stone Point Capital are buying back the majority interest in the independent wealth management firm with 1,700 financial advisors.
October 15 -
The firm reported $90.8 billion of total net new assets in the quarter, an 88% increase on the same period a year ago.
October 15 -
JPMorgan reported a gain in net interest income for the third quarter, surprising many analysts.
October 14 -
Third-quarter results from Wells Fargo surpassed most analysts' expectations, thanks to surging investment-banking fees.
October 14 -
The firm raises its predictions after finding that fewer customers are shifting cash in pursuit of higher yields.
September 17 -
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."
August 28 -
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."
August 23 -
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.
August 14 -
Find all of the figures from Financial Planning's latest annual study of brokerages whose financial advisors aren't employees of the firms.
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