$WDR (Waddell & Reed Financial, Inc.)

$WDR {{ '2016-05-24T11:17:54+0000' | timeago}} • Announcement

$WDR said its Chairman of the Board and CEO Henry Herrmann will retire as CEO effective Aug. 1, 2016. Herrmann, who has served as CEO since 2005 and Chairman since 2010, will remain as non-executive Chairman of the Board. The BoD appointed SVP and CIO Philip Sanders to succeed Herrmann as CEO in August, at which time he will also join its BoD.

$SCHW {{ '2017-10-20T10:17:35+0000' | timeago}} • Announcement

$SCHW has declared a quarterly cash dividend of $0.08 per common share, payable Nov. 24, 2017, to stockholders of record as of Nov. 10, 2017.

$BK {{ '2017-10-19T11:06:30+0000' | timeago}} • Announcement

With total revenue rising 2% to $4.02Bil. $BK saw a 1% increase in net attributable income of $983MM or $0.94 per share in 3Q17. Net interest revenue jumped 8% driven by higher interest rates, offset by lower average deposits and loans.

$USB {{ '2017-10-18T13:27:05+0000' | timeago}} • Announcement

$USB's BoD elected Richard McKenney as a director of the company, effective immediately. McKenney is the president and CEO of Chattanooga, Tenn., based $UNM.

$WFC {{ '2017-10-17T20:39:48+0000' | timeago}} • Webcast

Despite the impact of $1Bil discrete litigation accrual for mortgage-related regulatory investigations in 3Q17, $WFC's average deposits grew 4% YoY, client assets reached record levels in wealth and investment management, debit card purchase volume grew 5%, balances in consumer and general purpose credit card portfolio grew 5%.

$MS {{ '2017-10-17T20:15:54+0000' | timeago}} • Webcast

$MS expects to complete the acquisition of the commercial real estate credit manager Mesa West Capital LLC, in 4Q17. This latest acquisition is expected to support the bank's existing real estate and private credit offering, said CEO James Gorman.

$MS {{ '2017-10-17T20:05:52+0000' | timeago}} • Webcast

Investment bank $MS's wealth management business posted strong revenue during 3Q17. The company achieved the result despite slower transactional activity. During the quarter, the bank's transactional revenue were down 4% to $739MM, reflecting a decrease in retail engagement during the summer months in both equity and fixed income markets.

$MS {{ '2017-10-17T14:28:10+0000' | timeago}} • Announcement

During 3Q17, $MS's BoD declared a quarterly dividend of $0.25 per share, payable on November 15, 2017 to common shareholders of record on October 31, 2017.

$MS {{ '2017-10-17T14:27:48+0000' | timeago}} • Announcement

$MS's fixed income trading revenue, that witnessed a dramatic increase last year, however fell 21% to $1.2Bil during 3Q17. The bank attributed this decline to subdued activity in the current quarter.

$MS {{ '2017-10-17T14:12:21+0000' | timeago}} • Announcement

$MS joins the list of other major banks on declining trading revenue, as it saw an 8% decline for 3Q17. The bank, on the other hand, saw its profit grow to 12% YoY, mainly due to the strong performance of its wealth management division and higher investment banking fees. Net income rose 12% to $1.8Bil, or $0.93 per share on 3% revenue growth.

$MS {{ '2017-10-17T12:46:56+0000' | timeago}} • Infographic

$MS Morgan Stanley Earnings AlphaGraphics: Q3 2017 highlights

$UNM {{ '2017-10-16T20:53:52+0000' | timeago}} • Announcement

$UNM declared a quarterly dividend of $0.23 per share on its common stock to be paid on Nov 17, 2017, to stockholders as on Oct 30, 2017.

$SCHW {{ '2017-10-16T15:24:15+0000' | timeago}} • Announcement

With net income jumping 29% to $618MM or $0.42 per share in 3Q18, $SCHW posted a net revenue of $2.17Bil, 16% higher than a year ago. "Clients opened more than 100,000 new brokerage accounts each month during the third quarter, marking a record-breaking ten straight months in excess of 100,000," said CEO Walt Bettinger.

$WFC {{ '2017-10-13T18:27:56+0000' | timeago}} • Announcement

For 3Q17, $WFC's revenue came under pressure, declining 2% YoY to $21.9Bil. Operating expenses rose 8%, mainly due to the legal costs the bank is facing to resolve its fake accounts fall-out. Notably, to fight rising legal costs, the bank has planned to slash its expenses by $4Bil by the end of 2019 by shutting down more than 400 branches.

$WFC {{ '2017-10-13T18:16:09+0000' | timeago}} • Announcement

Amidst the struggle to recover from its fake accounts scandal that resulted in millions in penalties and resignation of then-CEO John Stumpf, $WFC posted lowest quarter earnings in seven years. The bank's profit for 3Q17 fell 19% YoY as it set aside $1Bil to cover regulatory investigations into lending practices prior to the 2008 financial crisis.

$WFC {{ '2017-10-13T15:36:51+0000' | timeago}} • Infographic

$WFC Wells Fargo & Company Earnings AlphaGraphic: Q3 2017 Highlights

$WFC {{ '2017-10-12T15:33:50+0000' | timeago}} • Announcement

$WFC named Mike Roemer as Chief Compliance Officer, who will join the bank in January 2018. Roemer recently served as Group Head of Compliance for UK lender Barclays. Notably, Barclays' CEO Jes Staley is under a regulatory investigation over a whistleblowing scandal, while Wells Fargo is trying to get out of its fake account scandal.

$WDR {{ '2017-10-11T21:53:50+0000' | timeago}} • Announcement

$WDR reported preliminary assets under management of $80.9Bil for the month ended September 30, 2017, compared to $80.3Bil on August 31, 2017.

$XL {{ '2017-10-11T20:46:20+0000' | timeago}} • Announcement

$XL announced its preliminary estimate of net losses of approx. $1.33Bil relating to Hurricanes Harvey, Irma and Maria. For 3Q17, total catastrophe losses including smaller loss events are preliminarily estimated at approx. $1.48Bil. On an after-tax basis, the preliminary estimate of total catastrophe net losses for 3Q17 is approx. $1.35Bil.

$BEN {{ '2017-10-10T12:02:01+0000' | timeago}} • Announcement

$BEN reported preliminary month-end assets under management of $753.2Bil at Sept. 30, 2017, compared to $747.4Bil at Aug. 31, 2017. The increase was due to net market gains that more than offset modest net outflows. Preliminary average assets under management for the quarter ended Sept. 30, 2017 were $749Bil.

$XL {{ '2017-10-02T17:46:51+0000' | timeago}} • Announcement

XL Catlin's internal innovation team Accelerate said it is working with Cytora, a UK-based Insurtech start-up that uses AI and open source data to improve the way insurers quantify, select and price risk. $XL's XL Catlin will use Cytora's expertise in sourcing and analysing data from multiple sources and combining to create new insights into risk.

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