Net income was $727 million for the period ended June 30, down from $1.47 billion a year ago
The sale of GLC Asset Management is for $175 million in cash
CEO says results are “not what we are accustomed to delivering”
Richardson GMP reports $28.3 billion in AUA
Sales of individual insurance and guaranteed products were up
The insurer reported common shareholders' net income of $48 million in Q2
This year's graduating class could experience significant earnings losses
Fixed income products helped drive quarterly net inflows
The five big Wall Street banks set aside more than $30B in Q2 to cover loans
JPMorgan Chase, Wells Fargo and Citigroup have all released their Q2 earnings