Every rep loves American Funds: The fund family—the nation’s largest, with $1 trillion in assets—offers decent performance for relatively inexpensive fees.
While Smith Barney tries its darnedest to hold on to the money of wealthy clients that were invested in two of the firms’ failing hedge funds (subscription required), it’s also having a hard time keeping some of its best brokers. With...
The market is volatile, to say the least, and investors and shareholders are on edge. And why shouldn't they be? Between the failure of the auction-rate securities market, sub-prime woes and hedge fund and investment bank implosions, the market...
Bank of America posted a whopping 77-percent drop in first quarter net income today, down to $1.21 billion, or 23 cents a share. The sharp drop in earnings was the result of $1.9 billion in write-downs for the quarter—$1.47 billion on...
Kevin Matras goes over the importance of screening and
back-testing. See how you can increase you odds for success, and get three new stock picks for this week.
Citigroup reported a net loss of $5.1 billion or $1.02 per share, $0.07 per share worse than consensus analyst expectations, according to Thomson Financial. Unlike, say, Merrill Lynch, Smith Barney’s Global Wealth Management unit (retail...