Q4 Earnings 2012

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  12 Best & Worst Broker-Dealers: Q4 Earnings

  By Janet Levaux, AdvisorOne  |  February 27, 2013

  One of the wirehouse firms produced a turnaround in profits of almost $800 million, while another reported almost $2.4 billion in losses.

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  LPL Beats Q4 Estimates, Outlines Outsourcing Plans

  By Janet Levaux, AdvisorOne  |  February 6, 2013

  LPL Financial said that it was planning to spend $70 million to $75 million through 2014 on outsourcing of back-office and other functions, information technology and related restructuring of its operations.

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  UBS Reports Loss of $2.1B as Advisors Top $1M in Average Production

  By Janet Levaux, AdvisorOne  |  February 5, 2013

  Plus, the wealth management unit in the Americas added nearly 30 advisors in the fourth quarter.

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  Raymond James Boosts Sales, Income; Tops Estimates

  By Janet Levaux, AdvisorOne  |  January 23, 2013

  The independent broker-dealer improves results from the prior quarter and last year, though its headcount falls from September.

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  TD Profits Soften as Assets, Margins Improve

  By Janet Levaux, AdvisorOne  |  January 22, 2013

  Net client inflows topped $15.5 billion in the period ending Dec. 31 as the trading firm beat estimates.

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  Morgan Stanley at ‘Pivot Point,’ Says CEO, as Firm Tops Earnings Estimates

  By Janet Levaux, AdvisorOne  |  January 18, 2013

  Gorman adds that he’s comfortable with the current headcount and that the wealth management unit has a pretax profit of 17%.

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  BofA Profit Off 63% as Wealth Unit Doubles Its Earnings

  By Janet Levaux, AdvisorOne  |  January 17, 2013

  The wealth unit of Bank of America sees its net margins top 20%, as its advisor headcount dips slightly.

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  BNY Mellon Boosts Profits 23%: Q4 Earnings

  By Janet Levaux, AdvisorOne  |  January 16, 2013

  Clearing fees at Pershing unit rise to $294 million in the period and nearly $1.2 billion for 2012

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  Schwab Meets Expectations: Q4 Earnings 2012

  By Janet Levaux, AdvisorOne  |  January 16, 2013

  Its Advisor Services unit now has close to $790 billion in client assets as of December 2012.

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  Wall Street Sees Soaring Start to Q4 Earnings Season

  By Joyce Hanson, AdvisorOne  |  January 16, 2013

  Both banks beat analysts’ expectations by a mile, with GS reporting quarterly EPS of $5.60 versus EPS estimates of $3.78 and JPM reporting EPS of $1.39 versus estimates of $1.22.