| //07-21-2009 |
Morgan Stanley (NYSE: MS) announced that Jack DiMaio will join the Firm as the Global Head of Interest Rate, Credit and Currency trading. Mr. DiMaio, who has more than 20 years experience in the bond and credit markets and previously served as the Head of Fixed Income (North America) at Credit Suisse as well as the Head of Alternative Investments at Credit Suisse Asset Management, will also join Morgan Stanley's Management Committee. He will report to Michael Petrick, Global Head of Sales and Trading.
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| //07-20-2009 |
Online investment firm opens another convenient location for investors in growing area
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| //07-20-2009 |
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. the asset management subsidiary of The Charles Schwab Corporation, has announced the newest addition to its Laudus Funds lineup – the Laudus Growth Investors U.S. Large Cap Growth Fund, successor to the UBS U.S. Large Cap Growth Fund.
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| //07-20-2009 |
If you have a Wells Fargo account, continue to manage your accounts with Wells Fargo as you do today. You may access your accounts in person at a Wells Fargo store, through Wells Fargo Online® Banking or by calling Wells Fargo Phone BankSM at 1-800-TO-WELLS (1-800-869-3557).
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| //07-17-2009 |
Online investment firm opens another convenient location for investors in growing area
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| //07-17-2009 |
NEW YORK and LONDON, June 17, 2009 — The upturn in global investor sentiment has withstood the recent large sell-off in bonds, according to the Merrill Lynch Survey of Fund Managers for June. Investors have expressed confidence in global economic recovery and, broadly, in the equity markets, in spite of their fears the sell-off would damage sentiment. The yield on 10-year U.S. Treasuries rose to 3.85 percent from 3.09 percent between the May and June surveys.
A net 62 percent of respondents believe that the world economy will improve in the next 12 months, an increase of 5 percentage points since May. For the first time since December 2007 the majority of asset allocators responding to the survey are overweight equities — a net 9 percent are overweight the asset class. Just 7 percent of the panel believes that the world will go through recession in the coming year, down sharply from 38 percent in May and 70 percent in April.
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| //07-17-2009 |
Survey Finds Traders Optimistic Despite Volatile Market Conditions
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released new survey data showing that active traders are expressing renewed faith in the market, despite continued volatility. The latest Charles Schwab Active Trader Sentiment survey polled nearly 260 individual investors who trade frequently. Findings include:
* 8 in 10 respondents (81 percent) report a neutral or bullish outlook for the market in the next six months, virtually unchanged from the last survey in February 2009.
* 53 percent expect the economy to show clear signs of recovery within the next 12 months.
* 63 percent plan to increase their trading activity in the next six months, up from 49 percent in the February 2009 survey.
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| //07-17-2009 |
Receive up to 100 commission-free trades, $100 Account Transfer Rebate as well as a $100 cash bonus when you sign-up for a Firstrade account today!
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| //07-17-2009 |
NEW YORK (MarketWatch) -- Bank of America Corp. (Symbol : BAC
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) said on Friday that it's integration of Merrill Lynch, the iconic brokerage firm that it bought at the height of last the credit crisis, is on track and meeting goals. "The Merrill Lynch integration is on track and meeting expected goals," The firm said in a press release. "The company in 2009 expects to achieve in excess of 40% of the previously announced goal of approximately $7 billion in cost savings, ahead of the original goal of 25% for the year." Bank of America (Symbol : BAC
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), which also acquired mortgage lender Countrywide Financial last year, said that integration, "and related cost savings are on track."
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| //07-17-2009 |
Online investment firm hosts educational workshop to help investors make better∓informed decisions
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| //07-03-2009 |
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) announced results of the Early Tender Period of its previously announced debt exchange offer (the "Exchange Offer") to exchange more than $1 billion of newly-issued zero coupon Convertible Debentures due 2019 (the "Debentures") for all of its 8% Senior Notes due 2011 (the "2011 Notes") and a portion of its 12.5% Springing Lien Notes due 2017 (the "2017 Notes", and together with the 2011 Notes, the "Notes"). Assuming the Exchange Offer is completed, the Debentures issued in exchange for any Notes tendered during the period that ended at midnight, New York City time, on July 1, 2009 (the "Early Tender Period"), will be Class A Debentures and have a conversion price of $1.0340 per share. In connection with the Exchange Offer, the Company also announced that during the Early Tender Period it obtained consents (the "Consents") required to amend and waive certain provisions of the indentures governing the Notes.
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| //07-03-2009 |
June was another difficult month for American workers with a net loss of 467,000 jobs, compared with 322,000 in May. June represents the first time in the past four months that the number of jobs lost rose from the previous month. Despite diminishing employment opportunities and an economy threatening job security, new research by Charles Schwab & Co., Inc shows that as many as 9.5 million retired Americans are considering at least a partial return to the workforce and 32 percent of those currently employed expect to hold their job and delay retirement.
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| //07-02-2009 |
Online investment firm helps Seattle investors make betteròÀÓinformed investment decisions through User Summit
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| //07-02-2009 |
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) announced the progress of its previously announced debt exchange offer (the "Exchange Offer") to exchange more than $1 billion of newly-issued zero coupon Convertible Debentures due 2019 (the "Debentures") for all of its 8% Senior Notes due 2011 (the "2011 Notes") and a portion of its 12.5% Springing Lien Notes due 2017 (the "2017 Notes", and together with the 2011 Notes, the "Notes"). Assuming the Exchange Offer is completed, the Debentures issued in exchange for any Notes tendered during the period ending at midnight, New York City time, on July 1, 2009 (the "Early Tender Period"), will be Class A Debentures and have a conversion price of $1.0340 per share. In connection with the Exchange Offer, the Company is also soliciting consents (the "Consents") to amendments and waivers of certain provisions of the indentures governing the Notes during the Early Tender Period, unless extended.
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| //07-02-2009 |
At a gathering of some of the nation’s largest independent investment advisors, Charles Schwab today unveiled a series of new initiatives designed to help them fuel their growth and add scale by managing costs and improving their efficiency.
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| //07-01-2009 |
Investors start the third quarter with key economic reports on manufacturing, auto sales and employment.
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| //06-29-2009 |
Comprehensive, new online platform will help independent registered investment advisors run their practices and meet clients needs more efficiently
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| //06-29-2009 |
optionsXpress Holdings, Inc. (Nasdaq-GS: OXPS) reported key monthly performance metrics for May. Highlights for the month included:
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Retail daily average revenue trades (DARTs) of 35,100 – 7% lower than May 2008, 2% higher than April 2009
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Institutional daily average revenue trades (DARTs) of 11,700 – 1% lower than April 2009
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Net new customer accounts of 2,900. Ending customer accounts of 334,600 – 16% higher than May 2008, 1% higher than April 2009
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Ending client assets of $5.7 billion – 4% lower than May 2008, 4% higher than April 2009
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Ending margin balances of $122 million – 39% lower than May 2008, 9% higher than April 2009
“Our customers remain resilient as customer assets, a critical driver of long-term growth, finished May within 4% of their all-time high,” commented David Fisher, Chief Executive Officer of optionsXpress. “In addition, our customers continued to trade equities at a record pace for the second consecutive month and overall retail DARTs reached their highest level since November.”
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| //06-29-2009 |
Morgan Stanley Electronic Trading (MSET) announced enhancements to its advanced suite of electronic options trading strategies. Its new offering will allow clients to more effectively trade U.S. listed options and better navigate the options space. In particular, MSET is offering clients access to Morgan Stanley's sophisticated Options Smart Order Routing Technology (OSORT), its new stealth options order types and algorithmic trading strategy, and its new automated delta hedging tool. Morgan Stanley also recently provided access to its options offering through Bloomberg's Execution Management System, EMSX.
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| //06-25-2009 |
The upturn in global investor sentiment has withstood the recent large sell-off in bonds, according to the Merrill Lynch Survey of Fund Managers for June. Investors have expressed confidence in global economic recovery and, broadly, in the equity markets, in spite of their fears the sell-off would damage sentiment. The yield on 10-year U.S. Treasuries rose to 3.85 percent from 3.09 percent between the May and June surveys
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