BOSTON _ Eaton Vance Corp. on Wednesday reported fiscal first-quarter earnings of $60.7 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share. Eaton Vance shares have climbed 6 percent since the beginning of the year.
The latest leg up in the S&P 500 has been propelled by lagging groups like technology and banks, a healthy sign for the overall market.
Is it time to look for investment opportunities among big asset management firms? Mike Santoli takes a look.
Rising interest rates and wobbly markets may roil some stocks, but experts believe these picks will profitably ride out the storm.
Stocks had their best week of the year and the upswing could continue into Thanksgiving week, usually a good one for the market.
Wednesday's Fed minutes along with housing data might cause turbulence.
Next week's Fed minutes along with housing data might cause turbulence.
Over the next few days—maybe as early as Friday—ETFs as a category will pass $2 trillion in assets.
Some of Wednesday's midday movers:
U.S. stock index futures signaled a flat-to-lower open on Tuesday, ahead of housing market and consumer confidence data.
Tapering of the Fed's $85 billion monthly bond purchases has been discussed for months, driving interest rates higher.
Investors welcomed news that the U.S. economy added 157,000 jobs last month, sending the Dow above 14,000 for the first time since 2007.
BOSTON-- Investment manager Eaton Vance Corp. said Thursday that its board of directors approved a 5.3 percent increase to its quarterly dividend. The company will pay 20 cents per share to shareholders on Nov. 14 to shareholders of record as of Oct. 31. Eaton Vance shares rose 5 cents to $29.19 in afternoon trading.
Oct 11- Eaton Vance Corp:. *Says reported assets under management of $198.2 billion on September 30. versus $192.9 billion on July 31, 2012.
Alexander Cutler, CEO of Eaton, says the company is starting to see attractive gains in its U.S. non-residential construction segments.
Stocks ended lower as investors took a pause after stocks reached two-year highs, and the dollar rose as concerns over European sovereign debt worries resurfaced. Alcoa and JPMorgan fell, while Coca Cola rose.
Stocks slipped into negative territory Wednesday despite several positive economic reports, as concerns over European sovereign debt worries resurfaced. JP Morgan and Alcoa fell, while Coca Cola rose.
Stocks were mixed after a handful of positive economic reports, including a slightly better-than-expected gain in industrial production, and a slightly better-than-expected report on consumer price inflation. Caterpillar and Bank of America rose, while Alcoa fell.
Stocks fell after news of higher inflation and weakness in the employment market, and as financial stocks skidded. McDonald's and Verizon rose, while Bank of America and JPMorgan fell.
Stocks pared gains but remained significantly higher Wednesday as the dollar slumped, commodities soared, and a series of better-than-expected earnings reports gave investors confidence in the economy's health. Cisco and American Express rose, while Intel and JPMorgan fell.