Managers of Wealth Americas

Raymond James Misses Estimates, Despite Strong Recruiting

Quarterly net revenues of $1.27 billion and quarterly net income of $106.3 million, or $0.73 per diluted share

Northern Trust AUM falls 6% for year

Investment management fees were $85.6 million in the fourth quarter, up 4% from the previous quarter and 10% from the year-over-year quarter.

Bank of America Reports Q4-15 Net Income of $3.3B, EPS of $0.28

Full-Year 2015 Net Income of $15.9B, EPS of $1.31(1)

Wealth Management Profits Rise at U.S. Bank

Profits from the business line were also robust, swelling 10.9% to $71 million from $64 million a year ago.

J.P. Morgan Results: It’s Got Game

In a tough quarter, J.P. Morgan managed to beat expectations

What crisis? JPMorgan Chase reports $5.4 billion profit

Finally some good news for the market: Banking powerhouse JPMorgan Chase reported revenue and earnings for the fourth quarter that topped Wall Street's expectations.

BlackRock profit weaker than expected but clients still add cash

BlackRock experienced total long-term net flows of $53.87 billion in the three months ended Dec. 31

Bill Ackman’s Pershing Square down 11.4% so far in 2016

Pershing recently trimmed its stake in the drugmaker to 8.5% from 9.9%.

JPMorgan Profits Rise 10% Driven By Expense Cuts On Wall Street And Resilience On Main Street

The nation’s largest bank by assets reported earnings per share of $1.32 on revenues of $23.7 billion.

RBC Global Asset Management Inc. announces December sales results for RBC funds and PH&N funds

Sales results information is based on preliminary data from the Investment Funds Institute of Canada.

Legg Mason said to be in exclusive talks to buy Clarion Partners

A deal at that value would reflect a multiple of more than 12 times Clarion's earnings before interest, taxes, depreciation and amortisation of $US70 million last year

Jana Partners hedge fund down 5.4 percent in 2015: investor update

Rosenstein is among the first hedge fund managers to report final 2015 tallies to investors

AIG chief pressed to fend off Icahn’s break-up calls

AIG has been under siege from shareholder activists led by Carl Icahn, the veteran campaigner, who wants to see it split into three in order to free capital and escape heavy regulatory burdens.

Raymond James Financial Reports November 2015 Operating Data

The sequential decline compared to October 2015 was largely attributable to two fewer business days as well as a challenging month for institutional equity and fixed income commissions.

Changing how performance returns are calculated

The new CRM2 reforms have long-term strategic implications for investment managers.

Toronto-Dominion Bank posts fourth-quarter profit of $1.38 billion

Revenue was reported as $25.32 billion.

Royal Bank has record annual profit of $10B

RBC is the latest Canadian bank to report double-digit profit growth in the final quarter

Bank of Montreal Q4 profit rises 13%, dividend going up, share buyback planned

BMO’s Canadian banking arm contributed $560 million of net income for the three months ended Oct. 31

Report: Raymond James Financial could draw activist investor

Earlier this year, Raymond James proposed a bylaw amendment that would have made it tougher for activist investors to get a board seat.

JPMorgan pegs FY16 earnings growth at just 6%

Earnings have been flat over the first half of this fiscal year, and the US brokerage expects the earnings downgrade cycle to continue for another quarter or two.