Market turmoil takes toll on Canadian investor satisfaction
Percentage of female investment advisors remains constant
Retail business suffers set back
New York Stock Exchange firms returned to profitability in the first quarter, the NYSE reported Tuesday.NYSE firms that conduct business with the public (a group that excludes designated market makers) reported a first quarter after-tax profit of US$5.35 billion on revenues of US$39.1 billion. Revenues are predominantly derived from investment banking, trading, commissions, and interest. […]
Firms aim at “rightsizing” in light of crisis
Combined firm boasts over 18,500 financial advisors
Shareholders of Oppenheimer Holdings Inc. have approved a proposition to move the domicile of the corporation from Canada to the United States, Oppenheimer said Monday.Oppenheimer, through its principal subsidiaries, Oppenheimer & Co. Inc. (a U.S. broker-dealer) and Oppenheimer Asset Management Inc., offers a wide range of investment banking, securities, investment management and wealth management services […]
Consolidation likely if profits fail to improve
Brokerage firms on the New York Stock Exchange lost just over US$7 billion in the fourth quarter of 2008, and while that was an improvement from a year ago, full year profits were down substantially.The NYSE reported that member firms that conduct business with the public recorded a fourth-quarter 2008 after-tax loss of US$7.25 billion, […]
Downturn comes as little surprise given sharp collapse in global equity markets