The Clarmore Clear Mid-Cap Growth Index ETF seeks results that correspond to an index of 50 stocks selected from a universe of common stocks and American depositary receipts. The stocks look at fundamental and valuation metrics including sales, profit growth, leverage, and return on equity.
The Claymore IndexIQ Small-Cap Value ETF follows the performance of an index comprised of 100 U.S. common stocks with market capitalizations from $400 million to $1.5 billion.
The popular industry recruiting and retention barometer provided another window into the challenges facing LPL Financial with its latest major acquisition.
The Wall Street powerhouse has built its wealth division in large part through big deals but is not "looking to make acquisitions just for the sake of it, " said CEO Ted Pick.
But the Bank of America subsidiaries nonetheless reported rises in AUM and net revenue in the second quarter while adding thousands of new client relationships.
The accusations led to the end of 16 years at the firm.
In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with consumer bankers for a 10% increase in new assets.
Citi's wealth division was a relative bright spot in the bank's second quarter earnings report, with revenue up amid turbulent market conditions.
