Some attempt to add an additional level of security to critical financial accounts. Sadly, not many companies are able to do it.» Read More
TORONTO, May 22- Toronto-Dominion Bank said on Thursday that its quarterly profit rose 16 percent as recent credit card and wealth management acquisitions boosted Canadian and U.S. retail lending.
After snaring more venture capital, FutureAdvisor CEO Bo Lu talks about why online investment advisors are the future of mass-affluent investing.
TORONTO, May 22- Toronto-Dominion Bank said on Thursday that its quarterly profit rose 16 percent on the back of strong Canadian and U.S. retail lending. Canada's second-largest bank earned C $1.99 billion, or C $1.04 a share, in the second quarter ended April 30, compared with C $1.72 billion, or 89 Canadian cents a share, a year earlier.
May 15- The chief executive officer of Charles Schwab Corp on Thursday suggested that regulators require brokerage firms to disclose how much they are paid for selling their clients' orders. The U.S. Securities and Exchange Commission has begun issuing subpoenas and other demands to brokerage companies to learn how they handle their clients' orders.
An inability to attract young people is challenging a financial advisory industry facing a wave of advisor retirements in the next two decades.
Some of the biggest retail brokerage companies are Charles Schwab Corp., TD Ameritrade Holding, Fidelity Investments' Fidelity Brokerage Services and E* Trade Financial Corp, which can get paid $100 million a year or more for selling their orders.
For years, Wall Street pros have been bemoaning the exodus of mom-and-pop investors. Recent data suggest the trend might be changing.
Investors liked what they saw in Facebook and Apple, but Wall Street fell after a slew of earnings and data couldn't sustain the bounce.
April 23- Discount brokerage E* Trade Financial Corp's quarterly profit more than doubled, helped by a drop in provision for loan losses and a surge in trading activity. The company's net income rose to $97 million, or 33 cents per share, in the first quarter ended March 31, from $35 million, or 12 cents per share, a year earlier.
The Treasury Department auctioned $35 billion in five-year notes at a high yield of 1.732 percent, the rate highest since May 2011.
US stock index futures seesawed as investors awaited another wave of major earnings, including Dow-listed Boeing and Procter & Gamble.
About 150 S&P 500 companies are scheduled to release results this week, in an earnings season that has been mediocre.
Some of Monday midday movers:
Take a look at some of Thursday's midday movers:
The knock-on effects from the debate over 'rigged' markets may push high-speed trading firm Virtu to postpone its IPO.
It's time for a public hearing about what's going on with our stock market.
*Wall Street pares gains after late biotech selloff. NEW YORK, March 28- Global equity markets ended higher on Friday but U.S. stocks sharply pared gains after a late selloff in biotechnology shares, while euro zone government bond yields fell on renewed bets the European Central Bank will ease policy next week.
*Momentum stocks still in focus; Netflix falls. NEW YORK, March 28- U.S. stocks ended up on Friday but off their session highs as a late afternoon selloff in the biotechnology sector weighed on the overall market. The Nasdaq Composite Index fell nearly 3 percent for the week, marking its worst week since October 2012.
E-Trade Financial gave its CEO $13.5 million in compensation for his first year on the job.
NEW YORK, March 25- E* Trade Financial Corp, the smallest of the publicly traded online discount brokers, gave its chief executive officer $13.5 million in compensation in his first year on the job, based on his performance "during an important transition period" and comparisons with pay for comparable industry executives.