Finance

The manager says his research into one of the natural world’s most byzantine systems has helped to better understand the financial markets.

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.

The firm needs a digital advice offering for clients who don't want a traditional relationship, CEO James Gorman said.

The last time the percentage was greater was when the S&P 500 was near its previous peak before the financial crisis.

Large, active hedge funds shorted Comex futures because of the risk of higher U.S. interest rates, driving down prices of the metal, an analyst says.

The bank's wealth management businesses earned $124 million on $600 million in revenue in the second quarter.

Convinced that clients want as much human interaction as ever, the Wall Street firm is using machine learning to help its financial advisers stay informed and work efficiently.

The firm also said it has benefited from low attrition and its training program.

While the firm's conquest of the money-management business may seem inevitable, it’s a mistake to extrapolate its recent success into the future.

The nation’s largest IBD plans to launch a platform with load-waived shares from 20 companies.