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Zacks News
4 Reasons to Invest in Cohen & Steers (CNS) Stock Right Now
by Zacks Equity Research
Strong fundamentals and good growth prospects make Cohen & Steers (CNS) an attractive investment option.
T. Rowe Price Reports 3.6% Sequential Decline in May AUM
by Zacks Equity Research
T. Rowe Price's (TROW) preliminary assets under management (AUM) of $1.07 trillion for May reflect 3.6% a drop from the prior month.
AllianceBernstein (AB) May AUM Down 1.4% as Markets Decline
by Zacks Equity Research
Decrease in assets under management balance will likely hurt AllianceBernstein's (AB) revenues.
Legg Mason (LM) AUM Falls in May, Equity Outflows Recorded
by Zacks Equity Research
Legg Mason's (LM) assets under management (AUM) fall 1.3% sequentially in May on account of decrease in liquidity and equity AUM.
Lazard's (LAZ) May AUM Declines 4.5% on Lower Equity Assets
by Zacks Equity Research
Lazard's (LAZ) preliminary assets under management decline sequentially in May 2019 on account of unfavorable markets and foreign exchange depreciation.
Invesco May AUM Up on OppenheimerFunds Deal and Net Inflows
by Zacks Equity Research
Invesco (IVZ) witnesses 18.9% rise in May 2019 AUM, driven by the recently concluded OppenheimerFunds deal and net Inflows.
Cohen & Steers' (CNS) May AUM Decreases on Higher Outflows
by Zacks Equity Research
Decline in assets under management will likely hurt Cohen & Steers' (CNS) revenues to some extent.
Elevated Expenses to Hurt State Street (STT): Time to Sell?
by Zacks Equity Research
Elevated expenses are likely to hamper State Street's (STT) financials.
Wintrust Financial (WTFC) Agrees to Acquire STC Bancshares
by Zacks Equity Research
Wintrust Financial (WTFC) enters an agreement to buy STC Bancshares, the parent company of STC Capital Bank.
Here's Why it is Wise to Hold on to BofA (BAC) Stock Now
by Zacks Equity Research
While higher legal costs are likely to hurt Bank of America's (BAC) profits, higher rates and loan growth will continue to aid revenues.
HSBC Seeks to Slash Investment Bank Jobs for Cost Control
by Zacks Equity Research
HSBC Holdings (HSBC) intends to cut almost 500 jobs in the bank's investment banking division this year as it tightens its cost-cutting objective.
5 Reasons to Invest in Ameriprise (AMP) Stock Right Now
by Zacks Equity Research
Driven by strong fundamentals and bright growth prospects, Ameriprise (AMP) seems to be an attractive investment option right now.
BofA (BAC) Faces Lawsuit for RMBS Related Contract Breach
by Zacks Equity Research
Bank of America (BAC) faces lawsuit for sale of defective mortgages to an RMBS trust.
HSBC Intends to Add 300 Retail Wealth Staff in Asia in 2019
by Zacks Equity Research
HSBC plans to increase Asia retail wealth management headcount by 300 by the end of this year.
Invesco Closes OppenheimerFunds Buyout, Assets Rise to $1.2T
by Zacks Equity Research
Acquisition of OppenheimerFunds will further strengthen Invesco's (IVZ) profitability and ability to meet ever changing client needs.
Here's Why it is Wise to Hold on to Invesco (IVZ) Stock Now
by Zacks Equity Research
While solid AUM balance will continue to support Invesco's (IVZ) top line, higher costs are likely to hurt profits.
Eaton Vance (EV) Jumps 7.6% on Q2 Earnings & Revenue Beat
by Zacks Equity Research
Improving assets under management supports Eaton Vance's (EV) fiscal Q2 earnings.
Morgan Stanley Lays Off 5 People From London Equity Business
by Zacks Equity Research
Morgan Stanley (MS) is cutting jobs at its equities business in London after reporting a decline in equity trading revenues in first-quarter 2019.
LPL Financial (LPLA) Announces Deal to Buy Allen & Company
by Zacks Equity Research
LPL Financial (LPLA) agrees to acquire Allen & Company, which is a registered investment adviser (RIA) and broker/dealer.
Higher Costs Hurt East West Bancorp (EWBC): Time to Sell?
by Zacks Equity Research
While East West Bancorp (EWBC) is poised for revenue growth, supported by rise in loans and higher rates, increasing costs and deteriorating asset quality remain concerns.
HSBC to Expand Technology Operations in China, Add 1,000 Jobs
by Zacks Equity Research
HSBC plans to add more than 1,000 jobs in its technology centers in China as part of efforts to expand in the region.
Why Is Cohen & Steers (CNS) Up 5.5% Since Last Earnings Report?
by Zacks Equity Research
Cohen & Steers (CNS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
AllianceBernstein April AUM Up 2.3% on Market Appreciation
by Zacks Equity Research
Rise in assets under management balance will support AllianceBernstein's (AB) revenues.
First Midwest (FMBI) Closes Deal to Acquire Bridgeview Bank
by Zacks Equity Research
First Midwest (FMBI) completes the acquisition of Bridgeview Bank.
5 Reasons to Invest in SEI Investments (SEIC) Stock Now
by Zacks Equity Research
Driven by strong fundamentals and good growth prospects, SEI Investments (SEIC) seems to be a solid investment option right now.