| //11-02-2009 |
Online investing firm adds another branch office Nov. 9 for customers in Piedmont Triad area
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| //11-02-2009 |
Online investing firm opens office Nov. 9 to assist customers in Lehigh Valley area
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| //11-02-2009 |
Charles Schwab today released new data showing the number of workers participating in 401(k) plans increased even as the stock market declined and the economy weakened. In addition, most 401(k) plan participants continued to receive matching contributions from their employer.
According to data taken from retirement plans serviced by Schwab, overall 401(k) plan participation increased four percentage points through the end of 2008, in the middle of the financial crisis, to 77 percent from 73 percent at the end of 2007.
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| //11-02-2009 |
Charles Schwab & Co., Inc., one of the nation’s leading financial services firms, has relocated its flagship San Francisco branch office to 100 Post St. from 101 Montgomery St. and hosted a ceremonial opening of the new branch today. Charles R. Schwab, founder and chairman, Gavin Newsom, Mayor of San Francisco, and Carrie Schwab-Pomerantz, president of the Schwab Foundation, spoke at the event.
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| //11-02-2009 |
3rd consecutive quarter of record earnings
- Record Wells Fargo net income of $3.2 billion, up 98 percent from last year; $9.5 billion year to
date, up 75 percent from last year
- Diluted earnings per common share of $0.56, up 14 percent from last year; $1.69 per share year to
date
- Results driven by record $10.8 billion pre-tax, pre-provision profit (PTPP); PTPP has been more
than two times quarterly net charge-offs each quarter this year, despite cyclically elevated net
charge-offs. (See footnote 4 on page 20 for information on PTPP)
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| //11-02-2009 |
T. Rowe Price Group, Inc. (NASDAQGS:
TROW) today
reported third quarter 2009 results, including net revenues of $498.1 million, net income of
$132.9 million, and diluted earnings per common share of $.50. Net revenues in the 2008 third
quarter were $554.8 million when net income was $152.8 million and diluted earnings per
common share was $.56.
Investment
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| //11-01-2009 |
Online broker dealer TradeKing (www.tradeking.com) announced today it has been featured in Wall Street & Technology’s annual “Gold Book,” a special edition created to profile the year’s most successful technology innovators on Wall Street. TradeKing, along with its top technology chief Richard Hagen, was selected for this honor by a special panel of editors and outside Gold Book advisors for the category of Social Networking, based on the success of TradeKing’s active Trader Network community.
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| //10-23-2009 |
Online investing firm expands local customer support in the greater Rochester area Nov. 2
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| //10-23-2009 |
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Thursday, November 5, 2009. This Update is designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from approximately 8:55 a.m. - 1:10 p.m. PT, 11:55 a.m. - 4:10 p.m. ET. Participants will include members of the Company’s executive management.
A simultaneous webcast of this Update will be accessible to the public at www.schwabevents.com.
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| //10-22-2009 |
Morgan Stanley Private Wealth Management, including former Citi Family Office, to Serve Ultra High Net Worth Individuals and Their Families
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| //10-22-2009 |
SAN FRANCISCO--(BUSINESS WIRE)--The Board of Directors of The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.06 per common share. The dividend is payable November 27, 2009 to stockholders of record November 13, 2009.
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| //10-21-2009 |
Online investing firm expands local customer support in the greater Rochester area Nov. 2
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| //10-21-2009 |
Morgan Stanley (NYSE: MS) plans to announce its third quarter 2009 financial results on Wednesday, October 21 at approximately 8:00 a.m. (ET). A conference call to discuss the results will be hosted by Colm Kelleher, Executive Vice President and Chief Financial Officer, on Wednesday, October 21, 2009 at 11:00 a.m. (ET).
The call will be available at www.morganstanley.com or by dialing 1-877-895-9527 (domestic) and 1-706-679-2291 (international) the passcode is 75875470. A replay of the call and webcast will be available through November 21, 2009. To listen to the playback dial: 1-800-642-1687 (domestic) or 1-706-645-9291 (international) the passcode is 68986239.
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 37 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
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| //10-21-2009 |
Schwab Reminds Boomers to Think Twice Before Collecting and Remember the Payback Option If They Jumped Too Soon
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| //10-21-2009 |
Morgan Stanley (NYSE: MS) plans to announce its third quarter 2009 financial results on Wednesday, October 21 at approximately 8:00 a.m. (ET). A conference call to discuss the results will be hosted by Colm Kelleher, Executive Vice President and Chief Financial Officer, on Wednesday, October 21, 2009 at 11:00 a.m. (ET).
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| //10-20-2009 |
Will Sell Retail Asset Management Business, Including Van Kampen Investments, to Invesco and Maintain Minority Stake in Combined Firm; Long-Only Institutional Business to be Led by Its Portfolio Managers and Dedicated to Fundamental Research and Active Management
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| //10-19-2009 |
Schwab Reminds Boomers to Think Twice Before Collecting and Remember the Payback Option If They Jumped Too Soon
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| //10-16-2009 |
Low commissions mean a once small cost of stock trading becomes more important
New York – The dramatic reduction in stock commissions, like the $3 online trades SogoTrade (www.SogoTrade.com) offers, have made other marginal costs, which once seemed of little concern to non-professional traders, become more important. Recently, Dave Whitmore, president of SogoTrade, took the opportunity to discuss the biggest of these costs, price slippage, and how it affects the active trader.
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| //10-16-2009 |
The Charles Schwab Corporation announced today that its net income was $200 million for the third quarter of 2009, down 34% from the third quarter of 2008. For the nine months ended September 30, 2009, the company’s net income was $623 million, down 31% from the year-earlier period. As previously discussed by the company, Schwab’s year-to-date 2009 financial results have been impacted by revenue declines stemming from falling interest rates and generally lower equity market valuations, which have been partially offset by expense reduction measures.
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| //10-16-2009 |
T. Rowe Price has created a new and enhanced Web site for financial intermediaries. Available at troweprice.com/fi, the new site replaces T. Rowe Price's previous site for financial intermediaries. Its launch represents a continuation of the firm's effort to deliver more robust and streamlined resources to intermediaries.
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