News
Morgan Stanley Q4 Wealth Revenue Up 24%, Profit Down 4%
Morgan Stanley’s October acquisition of E*Trade spurred a big gain in quarterly trading and net interest income, along with soaring integration costs.
Morgan Stanley Traders Drive Earnings Surge for Best Year
Morgan Stanley traders cashed in during the waning months of 2020 to round off the bank’s best year on record.
Morning Brief: Stocks, Yields Jump on Hopes for More Stimulus
Stories of interest from around the web
Merrill Touts Success of Growth Strategy in Pandemic-Afflicted Year
Net new assets rebounded and customer balances hit a record thanks to rising markets and a renewed focus on prospecting by Merrill’s “thundering herd.”
UBS Wealth Warns Clients Crypto Prices Can Actually Go to Zero
Strategists at one of the world’s largest wealth managers are issuing a warning to newbie crypto investors plunging into the record rally: You could still lose all your money.
Rockefeller Lures Two Florida Teams with $9.8 Mln Revenue
Morgan Stanley team with $6.5 million and Merrill team generating $3.3 million in revenue bring Rockfeller’s brokerage force to 44 teams.
Morning Brief: Biden’s Picks for SEC, CFPB Signal Tougher Era for Wall Street
Stories of interest from around the web
This Week’s Top Stories: Morgan Stanley Sues RBC Team, Finra Raps Broker over A-Shares, and More
Most popular stories from January 10 to January 16.
Merrill’s New Household Growth Fell 40% in 2020–Sources
Merrill brokers added about 20,000 net new households last year, compared to 35,000 in 2019, but given the pandemic executives say they are pleased.
Arete Wealth to grow by over $1B with Center Street acquisition
New year brings expansion & opportunity to notable nationwide firms
Wells’ Wealth Profit Climbs Despite Continued Broker Attrition
The firm’s profit rose 157% compared to the year-ago quarter even as its sales force fell another 2% in the quarter to 13,513.
