Rally-Chasing Day Traders Now Dominate Market for Call Options
The professional investing class dials back bets after months spent chasing this year’s tech driven melt-up.
Wells Fargo Lifts Net Interest Income Guidance on Rate Hikes
Wells Fargo & Co. earned more net interest income than analysts expected in the second quarter and lifted its guidance for the full year.
Jamie Dimon Says Some Rivals Are ‘Dancing in the Streets’
Jamie Dimon and his big bank are channeling Martha and the Vandellas.
Advisors Warm Up to Fintech, but Most Remain Reliant on Home Offices
(ISS) Over 95% of advisors report using fintech for trading and clearing, portfolio rebalancing, and investment analytics, according to a recent survey of 814 advisors conducted by ISS MI Market Metrics in May 2023. The research, part of its ongoing Selling Retail Investment Products through Intermediaries series, revealed a high level of interest in the use of financial technology provided by asset managers, home offices, and third-party fintech sources, but how much advisors rely on third-party fintech sources was heavily dependent on the task at hand.
Americans Haven't Felt This Good About the Economy in Almost Two Years
A commonly followed measure of consumer confidence in the US economy just increased to the highest level since September 2021.