Merrill Lynch

Despite more than three decades of experiences as a wealth management advisor at Merrill Lynch in Boston, Peter Danas plucks one client encounter from his memory with ease. The former Lowell resident said it was in 1989 -- roughly four years into his career -- when a recently retired engineer and his ...

“Bank of America Merrill Lynch went to astonishing lengths to defraud its own institutional clients about who was seeing and filling their orders, who was trading in its dark pool, and the capabilities of its electronic trading services,” Schneiderman said in a statement. “As Wall Street firms offer increasingly ...

Bank of America's Merrill Lynch routinely misled customers by telling them billions of stock trades had been managed in-house when they were actually turned over to outside firms, N.Y. says. The bank admits to undisclosed agreements with Citadel Securities, Knight Capital, D.E. Shaw, Two Sigma ...

Bank of America Merrill Lynch doctored paperwork on 16 million orders to fool institutional clients into thinking stock trades were taking place in-house when they were not, according to New York's Attorney General. The bank admitted on Friday to “systematically misleading clients” between 2008 and 2013 ...

A new report from Kash Rangan, the outstanding software analyst at Merrill Lynch, indicates that, after reviewing the firm's survey data, he expects a total addressable market for the public cloud of a stunning $155 billion by 2023. He also expects a compound annual growth rate to be at 27% to 29%, which ...

BofAMerrill Lynchh reiterated a Buy rating and $265.00 price target on Facebook (NASDAQ: FB) following data management and privacy issues. In 2015, FB learned that Dr. Aleksandr Kogan, a professor at the Univ. of Cambridge, violated FB Platform Policies by passing user data from the app ...

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The SEC has awarded its largest whistleblower award ever to a trio of former Merrill Lynch employees who had come forward about misuse of customer funds at the wirehouse, Reuters reports. Two whistleblowers are getting $50 million and a third one will receive $33 million in a case the law firm ...

BofA/Merrill Lynch raised its price target on Ladder Capital (NYSE: LADR) to $18.00 (from $16.00) while maintaining a Buy rating after meeting with management. BofA/Merrill Lynch came away confident that LADR can close the gap between where the stock is valued in the market today and its intrinsic ...

NEW YORK (Reuters) - A measure of stress in U.S. dollar funding is expected to intensify into the end of first quarter due to a rising supply of Treasury bills and maturing short-term bank debt, Bank of America Merrill Lynch analysts said on Tuesday. The spread on the three-month London interbank offered ...

BofAMerrill Lynchh raised its price target on Adobe (NASDAQ: ADBE) to $269.00 (from $253.00) while maintaining a Buy rating ahead of the company's 1Q earnings report on March 15th. BofA/Merrill Lynch raised 2019 revenues by $220mn driven by ARPU benefits to $10.7bn (cons: $10.3bn), raised 2018 ...

BofAMerrill Lynchh upgraded Air Lease Corp (NYSE: AL) from Neutral to Buy with a price target of $56.00. Analyst Kristine Liwag says the company has limited risk from steel and aluminum tariffs along with rising rates and further notes the experienced management team coupled with potential earnings ...

RBC Wealth Management recruited the Clements-Langdon Group from Merrill Lynch to join one of its operations in Raleigh, N.C., according to Chip Anderson, senior managing director of RBC's Atlanta complex. The Clements-Langdon Group is composed of Kyle Clements, a certified financial planner ...

The SEC's order found that Merrill Lynch sold almost three million shares of Longtop Financial Technological Limited's securities into the market despite red flags indicating that the sales could be part of an unlawful unregistered distribution. Ultimately, the distribution generated almost $38 million in ...

A worker walks passed newly laid carpet on the fifth floor of Allentown's Tower 6. Merrill Lynch is moving its wealth management unit into the top floors of the 12-story building, consolidating offices in Bethlehem and Upper Macungie Township. (APRIL GAMIZ / THE MORNING CALL).

Biotechs companies offer big risk, but big reward as well. These are seen as some of the more speculative companies in the market because a single word from governing health care agencies, such as the U.S. Food and Drug Administration (FDA), can make or break these companies. Analysts often weigh ...

With the first-quarter earnings reporting for the most part over, many of the top companies we follow on Wall Street are making some changes to the lists of their high-conviction stock picks for clients. With the market rallying back strong from the correction sell-off, it makes sense to examine the lists and make ...

The rise in crude oil prices over the past year has breathed some new life into U.S. energy producers. With crude prices remaining near or above $60 a barrel, the sector is recovering from a more than a year of low prices and falling stock prices. Analysts at Merrill Lynch have reviewed their energy portfolio ...

The SEC announced Thursday morning it settled with Merrill Lynch Pierce Fenner & Smith Inc. for its failure to perform proper due diligence functions in the unregistered sales of shares of Longtop Financial Technology Ltd. Merrill Lynch, which did not respond to a request for comment, is required to pay a ...

The Securities and Exchange Commission charged Merrill Lynch, Pierce, Fenner & Smith Inc. with failing to perform required gatekeeping functions in the unregistered sales of securities on behalf of a China-based issuer. The order found the Bank of America BAC, +0.06% unit sold nearly 3 million shares ...

BofAMerrill Lynchh downgraded CF Industries (NYSE: CF) from Buy to Underperform with a price target of $40.00 (from $48.00). Analyst Steve Byrne is slightly more cautious on the the outlook for demand as China raises it focus on fertilizer formulations that may cause nitrogen fertilizer demand to decline.

In a rare move that underscores an emerging rivalry between the two wirehouse firms still in the Protocol for Broker Recruiting, a Wells Fargo veteran has joined Merrill Lynch. Lynn Brandenburg, a 24-year brokerage industry veteran in Salt Lake City, arrived at Merrill in mid-December from Well's private ...

Phil Closuit joins the Boston office of Raymond James & Associates, the firm's traditional employee broker-dealer, according to the press release. The advisor, who produced $1.2 million annually, has been in the industry for two decades and with Merrill Lynch since 2009, according to Raymond James.

BofAMerrill Lynchh raised its price target on Guidewire (NYSE: GWRE) to $90.00 (from $80.00) while maintaining a Neutral rating following the company's 2Q earnings report. Total revenue of $163.8 million exceeded $154.4 million estimates. EPS of $0.33 easily exceeded $0.19 from license/services ...

Phil Closuit, who managed more than $150 million in assets at Merrill Lynch in Boston, has jumped to the employee unit of Raymond James & Associates. Joining him in the move is Jane Fitzwilliam, a registered associate, who has worked with Mr. Closuit since 2002. Mr. Closuit began his financial services ...

According to its suit, customers started telling Fidelity that former Fidelity Brokerage Services broker Christopher Corcoran began soliciting them to come over to Merrill Lynch a little over a month after his December resignation from Fidelity, the publication writes. Fidelity says one of its customers gave the ...

Merrill Lynch announced today that Financial Advisor Rob Rose has been recognized on the inaugural Forbes “Best-in-State Wealth Advisors” list, published on Feb. 15. In all, 638 Merrill Lynch advisors are included on this year's list, the most of any firm. “We are incredibly proud of Rob and his recognition ...

Fidelity Brokerage Services has sued a former broker, Christopher Corcoran, and his new employer, Merrill Lynch, seeking to stop what Fidelity claims is Mr. Corcoran's "continuing violation of his employee agreements" and his and Merrill's "misappropriation and misuse of Fidelity's trade secrets and unfair ...

Merrill asserts the former executives' claims are not appropriate for arbitration because they revolve around the stock price of the parent firm, Merrill Lynch & Co., which is not a Finra member. The arbitration agreements included in the former executives' accounts and in their employment contracts pertain to ...

"We fired Mr. Hibbard after an internal investigation found he stole clients' funds and made unauthorized transactions," said Merrill Lynch spokesman Bill Halldin. "We promptly notified the appropriate authorities and are cooperating with their investigations." We called and left a message for Hibbard on ...

Merrill Lynch appears to be hemorrhaging talent as two more advisory teams leave the wirehouse for rival firms, the latest in a string of exits that goes back almost a year. Janney Montgomery Scott managed to poach a team with $128 million in client assets from Merrill. The Steinmetz Jackson Wealth Group ...

In a new research note, the analysts at Merrill Lynch make a big move by adding Qualcomm Inc. (NASDAQ: QCOM) to the US 1 list. The company designs, develops and supplies semiconductors and collects royalties on wireless handheld devices and infrastructure based on its dominant position in CDMA ...

... clients' best interest," Merrill Lynch Wealth Management head Andy Sieg wrote in a memo sent to the firm's more than 14,000 brokers. Last June, Merrill Lynch rolled out a limited-purpose brokerage individual retirement account, which paid brokers a commission and was compliant with the fiduciary rule.

Merrill Lynch announced today that Financial Advisors Daniel Slattery, Craig Korkow, and Stephen Ethen have been recognized on the inaugural Forbes "Best-in-State Wealth Advisors" list, published on February 15. In all, 638 Merrill Lynch advisors are included on this year's list, the most of any firm.