Merrill Lynch Closes Quarter 3 With $3.5 Trillion In Client Assets
Merrill Lynch concluded Q3 with $3.5 trillion in client assets, marking an 18% increase from the same period in 2023.
Recent
Bank Of America Joins Rivals In Topping Q3 Estimates
Bank of America (BAC) reported third-quarter results above analysts' estimates Tuesday morning, as revenue rose year-over-year and profit fell.
Goldman Profits Surge 45% As Dealmaking Stages Comeback
Goldman Sachs (GS) third-quarter profits surged 45% from a year ago as a rise in dealmaking and stock trading lifted the Wall Street giant.
Schwab Soars On Earnings Beat As Firm Pays Down Costly Debt
Charles Schwab Corp. jumped in early New York trading after reporting earnings per share that topped analyst estimates and curbing some of its debt.
B. Riley Sells Majority Of Great American To Oaktree Funds
B. Riley Financial, the money-losing broker-dealer and investment firm looking to cut debt, agreed to sell a majority stake in Great American.
Private Equity Shouldn’t Be Greedy In IPOs, BC Partners Says
Private equity firms should compromise on valuation and leave money on the table for new listings to succeed in what is currently a “buyer’s market.”
BlackRock Hits $11.5 Trillion Of Assets With Private-Market Push
BlackRock Inc. (BLK) pulled in a record $221 billion of total client cash last quarter, pushing the world’s largest money manager to an all-time high.
