Want to join the conversation?
$LM which competes with $BLK and $SCHW, said that 4Q16 fixed income outflows were $8.2Bil and were across a number of products including some very low fee mandates despite overall strong longer term performance. Equity outflows totaled $5Bil, reflecting broad industry trends across active equity products.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.