Finance

While the bank’s second-quarter earnings disappointed, wealth management services, driven by Merrill Lynch, were a bright spot.

Higher equity values and client activity pushed up the major custodian’s revenue in the second quarter, despite significant headwinds.

Yet there is concern the Delta variant of the coronavirus may spread and spear policy actions that could slow economic growth.

Private equity firms are jostling to invest in financial advice firms that they think may become cash cows.

The megabank announced second-quarter revenue of $4.1B for the Asset and Wealth Management unit, with net income of $1.2B.

Most investors are rigid about their investing philosophy, which makes them poorly adapted to changing markets and political regimes.

JPMorgan, BlackRock and Morgan Stanley say the bond-market gains that have sent yields into a sudden tailspin are nothing to worry about.

As inflation rises, it's likely to cause trouble for the biggest money-management firms, bringing an end to the rapid consolidation in the industry, writes Richard Cookson.

Eliminating the benefit often used by private equity firms is one of the reforms Biden and Democrats are planning to use to help pay for the biggest social spending expansion in decades.

Advisors will walk a fine line as they reinforce fundamentals while leveraging market and tax-policy uncertainty, says Clayton Bland of CliftonLarsonAllen Wealth.