Neither Morgan Stanley Smith Barney nor Bank of America ended 2009 with a bang in the earnings department. But their wealth management units were pockets of strength.
Playing the local Chinese stock market has always been off limits to foreign investors. But it turns out that doesn’t matter much. Chinese ADRs have lately outperformed the local Shanghai Composite Index, according to Bespoke Investments.
Proposed legislation could help encourage your clients to consider rolling over 401 (k) plans into retirement annuities. The legislation, Senate bill 2832, would amend the Employee Retirement Income Security Act of 1974, to focus greater awareness...
I don’t get it. I thought Treasury Secretary Tim Geithner said the government would earn -— as in profit —- from its TARP loans about $20 billion. So why all this nonsense about punitively taxing bankers’ bonuses and...
Wells Fargo financial advisors received their first paychecks last Friday under the firm’s new tax withholding system, which applies a flat rate of 25 percent to all. Many of the firm’s 12,000 financial advisors have grumbled to...
On Monday, Citigroup filed a motion to dismiss a class action lawsuit filed against the firm over the terms of its financial advisor bonus pay agreements. The firm filed the motion with the U.S. District Court for the Southern District of New York.
It’s earnings season, and consensus analysts’ estimates are predicting a 184.2 percent jump in earnings for the S&P 500 companyies in Q4 over a year ago. Obviously, Q4 earnings have an easy bogey, since Q4 2008 earnings were pathetic...
