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investors pulled a record $30.6 billion from stock funds, with the largest amount coming out of U.S. large caps. Bank of America Merrill Lynch's bull and bear indicator, based in part on fund flows, is flashing a sell warning for a second week. The indicator has a solid track record, correctly forecasting 11 pull ...
Shares of Apple (Nasdaq: AAPL) are demonstrating relative strength on the session, fighting to remain positive, despite a negative market (spy down 1%), as BankofAmerica/Merrill Lynch affirmed the company's 'Buy' rating and $220 price target, while labeling shares, "attractive in volatile markets.".

Ericsson (Nasdaq:ERIC) is off 4.6% and at its lowest point in Nasdaq in a month and a half after BofA Merrill Lynch opted to give it a two-notch downgrade, going to Underperform from a previous Buy. The firm didn't see the sale it was expecting of Ericsson's media business to boost margins and it now ...
BofAMerrill Lynchh raised its price target on Apptio (Nasdaq: APTI) to $30.00 (from $25.00) while maintaining a Buy rating. analyst Brad Sills remains positive as enterprise and strategic winds/renewals drive a solid Q4 report. The analyst says managements new go to market initiatives are gaining ...
Wirehouse plans to cover every ETF on its platform, as it does with mutual funds. It is also looking to add multi-factor strategies later this year. Merrill Lynch wealth management has set out plans to provide research coverage for all ETFs on its platform, in a move that mirrors its approach to mutual funds.
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here. BofAMerrill Lynchh upgraded Nokia (nyse: NOK) from Neutral to Buy with a price target of $5.25 (from $4.50). analyst Tal Liani likes the attractive valuation and the company's ...

Bank of America Merrill Lynch advised clients Friday that it was time to "sell," amid a session that saw the Dow industrials lose more than 350 points in early trading. Stock-focused funds took in $25.7 billion over the past week ended Wednesday, adding to worries that sentiment has become overheated.
Dennis Hall joined Florham Park wealth Advisors, an independent investment firm associated with Wells Fargo Financial Network (FiNet), from Merrill Lynch, FiNet announced. Hall brings 25 years of industry experience to Florham Park Wealth advisors and FiNet. According to Hall, he wasn't pleased with ...
After already having been on a roll since the president was elected in November of 2016, some changes to current regulations could even make the tailwinds behind the financial sector a little stronger in 2018. In fact, recent news reports suggest that the Federal Reserve and the Office of the Comptroller of ...
After being released from active duty in 1961, Warren joined Merrill Lynch, Pierce, Fenner & Smith as a financial advisor in Tulsa, Okla. In 1972, he became the sales manager of the Philadelphia, Pa., branch office, and four years later, moved to Honolulu, Hawaii, to manage the three offices in Hawaii and ...
Mr. Grossman started his career with Merrill Lynch 28 years ago as a financial adviser in Florida, according to a memo sent to advisers Friday morning. Since then, he has had several management jobs at the firm. Since 2006, Mr. Grossman has been market executive for the Westchester, N.Y., and ...
Citing changing client preferences, Merrill Lynch is rolling out a new wealth management Banking Suite--with access to Bank of America products such as higher interest rate savings accounts and other benefits--with the goal of creating more holistic wealth management relationships. In a memo to ...
BofAMerrill Lynchh reiterated a Neutral rating and $16.00 price target on Snap Inc (nyse: SNAP). With facebook as a monetization comp, Snap has a big opportunity with an attractive millennial-heavy user base that spends 30+ minutes per day on the site. With a large opex base, revenue growth remains ...
BofAMerrill Lynchh raised its price target on NVIDIA (Nasdaq: NVDA) to $275.00 (from $251.00) while maintaining a Buy rating, following an update to the company's outlook . Analyst Vivek Arya notes a positive outlook on the shares, following an update to the model to reflect recent proprietary analysts of ...
Morgan Stanley wealth management had sales of $4.4 billion in Q4'17 vs. $3.8 billion for Merrill Lynch and $4.7 billion for BofA Global wealth (which includes US Trust). Net income was $742 million for the BofA wealth group in the fourth quarter vs. $404 million for Morgan Stanley. (Merrill Lynch's specific ...
An interesting experiment is playing out at Merrill Lynch and Morgan Stanley, as the wirehouses pivot from recruiting established Advisors to training greener ones. Get the best of Barron's advisor Center every weekday. By signing up, I agree to the Privacy Policy and Cookie Policy. I'd like to receive ...
Bank of America Merrill Lynch reiterated its buy rating and raised its price target to $220 from $180 for Apple shares, which is 25 percent above Tuesday's closing price. It is also the highest target among major investment banks that cover Apple. The $220 forecast represents a $1.1 trillion market valuation ...

Despite cutting back on recruiting experienced financial advisers, Merrill Lynch increased its adviser headcount by 2% in 2017, adding 333 people for a total of 14,953 at the end of last year, according to Merrill's parent company, Bank of America, which released its fourth quarter earnings Wednesday.
"Clients are telling us that they don't check email as regularly as text messages, and some clients have told us that they utilize text messaging as their only means of communication," said "Kabir Sethi, head of digital wealth management for Merrill Lynch, in an email to InvestmentNews. "We realized that we ...
Bank of America Merrill Lynch on Thursday announced it has partnered with the tech firm CellTrust on a new client-to-adviser text messaging service. Financial advisers enrolled in Merrill Lynch's mobility program will now be able to text with clients on both Apple and Android devices and through a web ...
BofAMerrill Lynchh downgraded Invesco (nyse: IVZ) from Buy to Neutral with a price target of $42.00 (from $45.00). analyst Michael Carrier comments "Our new PO uses a 13x target on our new $3.24 '18E, a discount to the group despite mostly favorable investment performance and a decent flow outlook, ...
BofAMerrill Lynchh upgraded Rexnord (nyse: RXN) from Neutral to Buy with a price target of $32.00 (from $22.00). analyst Andrew Obin comments "Our new PO is based on 10.5x CY19 EBITDA, which is still below the peer group at 11x, but is higher than the 8x EV/EBITDA that we used as we now expect ...
Raymond James continues picking off advisors from rival Merrill Lynch, most recently bringing on three reps collectively overseeing $300 million in Missouri, ... Patterson has been an advisor since 1999 and with Merrill Lynch since 2005, while Mitchell has more than a decade in the industry, according to ...
Bank of America/Merrill Lynch analysts, led by Ying Huang, have a bullish outlook on biopharm this year. Key points: M&A should pick up. Amgen (Nasdaq:AMGN) and Gilead sciences (NASDAQ:GILD) have $39B and $32B, respectively, outside of the U.S. and are likely candidates for deals. Top Picks: ...
In what may be a prudent move, Merrill Lynch has barred customers and financial advisers who make transactions for them from buying bitcoin. That's bound to disappoint some customers: Bitcoin's price climbed 14-fold in 2017. Individual retail traders are flooding apps that make it easy to buy and sell ...
The ban prevents the financial giant's roughly 17,000 Advisors from pitching investments related to bitcoin and executing client requests to trade Grayscale's bitcoin investment trust (GBTC), The Wall Street Journal said, citing a person familiar with the matter. "The decision to close GBTC to new purchases is ...
Bank of America Merrill Lynch: 'Buy the Dip' After U.S. market Correction ... than $4 trillion in value from global portfolios isn't likely the start of a broader bear market, according to Bank of American Merrill Lynch, but aftershocks from the enhanced volatility are still likely to disrupt trading in the near term.
For its part, Merrill Lynch recently lost an advisor managing $262 million to Raymond James. The wirehouse also lost two Advisors to J.P. Morgan Securities earlier this month. They were part of a team overseeing about $2 billion. Merrill Lynch did not respond to a request for comment on this most recent ...
Bank of America Corporation (BAC) is courting Merrill Lynch brokerage clients, including customers of Merrill Edge, offering them deals if they open up a savings account with the bank. According to a report in Reuters, citing a source familiar with the matter, certain Merrill Lynch clients will receive offers in ...
Law360, New York (January 3, 2018, 9:12 PM EST) -- A California appeals court on Tuesday rejected a former Merrill Lynch regional executive's claims that judicial bias tainted his trial on allegations the firm discriminated against him because he is Mormon, saying a judge treated him fairly but must still rethink fees she ...
Merrill Lynch, Pierce, Fenner & Smith Inc. has been fined a total of $26 million -- $13 million by the SEC and another $13 million by the Financial Industry Regulatory Authority (FINRA) -- for mismanaging its anti-money laundering (AML) responsibilities, especially after becoming part of Bank of America in ...
Ms. Havens began her career in 1997 with A.G. Edwards and later helped open the Morgan Stanley office in Springfield in 2000. In 2005, she joined Merrill Lynch. Mr. Patterson joined A.G. Edwards in 1999 as an intern and joined Ms. Havens' team, moving with her to Morgan Stanley and Merrill Lynch.
Merrill Lynch has blocked clients and financial advisers who trade on their behalf from buying bitcoin, citing concerns over the cryptocurrency's investment suitability. The ban applies to all accounts and precludes the firm's roughly 17,000 advisers not only from pitching bitcoin-related investments but also ...
Bank of America Merrill Lynch's sentiment indicator shows that, at current levels, total returns could pop 19 percent based on historical data. The contrarian indicator shows other Wall Street banks are still relatively bearish on stocks and until they start to get more bullish, the market will continue to gain.
BofAMerrill Lynchh raised its price target on Party City (nyse: PRTY) to $15.50 (from $13.50) while maintaining a Neutral rating. analyst Curtis Nagel ups his PT to account for a lower share count on accelerated buyback but remains sidelined as the buyback does improve earnings metrics but also ...
BofAMerrill Lynchh raised its price target on Lululemon Athletica Inc. (Nasdaq: LULU) to $89.00 (from $80.00) while maintaining a Buy rating, following an update on holiday store checks. analyst Rafe Jadrosich notes a positive outlook on the shares, following store checks that pointed to strong holiday ...
The team will operate as Glen D. Smith & Associates in Flower Mound, Texas, which is just north of the Dallas-Ft. Worth airport. Mr. Smith began his career in Financial Services in 2004 at A.G. Edwards and moved to Merrill Lynch in 2007. Mr. Casey joined Edward Jones in 2009, moved to Wells Fargo in ...
BofAMerrill Lynchh initiates coverage on Illinois tool Works (nyse: ITW) with a Buy rating and a price target of $190.00. analyst Ross Gilardi likes the equity and notes the company is a steady compounder with 15-20% dividend growth on the horizon. The analyst also suspect that revenue growth is poised ...
A former linebacker with the Philadelphia Eagles and one-time Merrill Lynch broker was sentenced to 40 years in prison for defrauding investors of $10 million, according to Federal Prosecutors. Merrill Robertson Jr., 37, and a co-conspirator used client funds on personal expenses, such as car payments, ...
Merrill Lynch and Wells Fargo have tweaked compensation policies that deprive brokers of pay for trades in their own and their families' individual retirement accounts. Merrill late Friday announced a workaround to the unpopular Family IRA policy that was to have gone into effect for its almost 15,000 ...
Raymond James gets Merrill Lynch, Morgan Stanley advisers managing $560 million ... An adviser who managed $230 million at Merrill Lynch on Long Island and three advisers who managed $330 at Morgan Stanley offices in Westchester and Long Island have joined offices of the employee unit of ...
CVS Health, a company at the forefront of changing the health care landscape, and Aetna, one of the nation's leading diversified health care benefits companies, announced the execution of a definitive merger agreement under which CVS Health will acquire all outstanding shares of Aetna for a ...
Merrill Lynch is set to stay in the broker Protocol, setting the firm on a course that is sharply different than rivals Morgan Stanley and UBS, which recently exited the industry accord. Doubts have swirled about the future of the protocol following the departures of Morgan and UBS. The protocol, created in ...
In a move contrary to its fiercest competitors, Merrill Lynch will remain in the broker protocol for recruiting agreement. ... Mr. Sieg said that while Merrill Lynch is continuously evaluating the competition, it is not currently making plans to leave the protocol, according to that source, who asked not to be named.
Much of the UK's economic slowdown since last June has been put down to "Brexit uncertainty." Bank of America Merrill Lynch doesn't buy this argument, saying that uncertainty is having less of an impact that might be expected. The bank's European economics team points to patterns in consumption and ...
Merrill Lynch may pull out before the end of the year, Casey Knight, executive vice president of ESP Financial Search, tells InvestmentNews. Wells Fargo, meanwhile, will likely stay on "well into next year," according to Knight. Spokeswomen for both Merrill Lynch and wells Fargo declined comment to ...
BofAMerrill Lynchh raised its price target on PayPal (Nasdaq: PYPL) to $88.00 (from $80.00) while maintaining a Buy rating. analyst Jason Kupferberg ups his PT citing the removal of the consumer credit overhand and less than expected dilution from the credit portfolio dale.
UPDATE: BofA/Merrill Lynch Upgrades Dominion Energy (D) to Buy ... BofAMerrill Lynchh upgraded Dominion Resources (nyse: D) from ...
BofAMerrill Lynchh lowered its price target on Signet Jewelers (nyse: SIG) to $66.00 (from $75.00) while maintaining a Buy rating.
Eaton Vance (EV) PT Raised to $55 at BofA/Merrill Lynch ... BofAMerrill Lynchh raised its price target on Eaton Vance (nyse: EV) to $55.00 ...


 

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