BOSTON _ Eaton Vance Corp. on Wednesday reported fiscal second-quarter net income of $55 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Eaton Vance shares have climbed 11 percent since the beginning of the year.
Is it time to look for investment opportunities among big asset management firms? Mike Santoli takes a look.
*Fed puts $2 trillion up to ensure repo auction runs well. NEW YORK, Dec 17- The Federal Reserve absorbed a modest $105.2 billion in bids on Thursday in a critical auction meant to help raise U.S. interest rates for the first time in nearly a decade, while around the world borrowing costs jumped in a welcome sign for the U.S. central bank. Libor, a global rate benchmark for...
NEW YORK, Dec 11- Eaton Vance Corp has won the last of the approvals it needs from the U.S. Securities and Exchange Commission to launch NextShares, a new breed of exchange-traded funds, the Boston- based company said in a statement. NextShares, a hybrid between actively managed mutual funds and exchange-traded funds, could start trading as early as February, a...
LONDON, Dec 11- With the first U.S. interest-rate hike in a decade widely expected within days, investors are questioning whether European stock markets can withstand the aftershocks. If that is exacerbated by tightening liquidity and an end to years of easy credit, Europe is unlikely to be immune; investment bank Goldman Sachs says European equities are...
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.