reports
- MarketLine Department
Legg Mason Inc - Strategy, SWOT and Corporate Finance Report
Summary Legg Mason Inc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Legg Mason Inc (LMI), a subsidiary of Franklin Resources Inc, is a global asset manager that provides asset management, and investment services, to high net worth individuals and families, inst...
- MarketLine Department
Legg Mason, Inc. - Mergers & Acquisitions (M&A), Partnerships & Allian...
Summary Marketline's Legg Mason, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Legg Mason, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and...
- MarketLine Department
TCF Financial Corp - Strategy, SWOT and Corporate Finance Report
Summary TCF Financial Corp - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights TCF Financial Corp (TCF) is a financial holding company that offers commercial banking services through its wholly-owned subsidiary bank, TCF National Bank. It offers a wide range of tradit...
- MarketLine Department
Jefferies Group LLC - Strategy, SWOT and Corporate Finance Report
Jefferies Group LLC - Strategy, SWOT and Corporate Finance Report Summary Jefferies Group LLC - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360Ëš view of the company. Key Highlights Jefferies Group LLC (JGL), a subsidiary of Jefferies Financial Group Inc, is a financial services company that offers in...
- Jim Sinegal
Wells Fargo Continues to Pay for Past Mistakes, but Its Future Looks B...
The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency announced a $1 billion penalty against Wells Fargo for violations of the Consumer Financial Protection Act related to a mandatory auto loan insurance program and unscrupulous practices related to mortgage interest rate-lock extension. Importantly, these practices were previously identified, reported, and discontinued by Wells Fargo. Furthermore, the monetary penalty is essentially immaterial to sharehol...
- Jim Sinegal
The SEC’s Regulation Best Interest May Not Be What the Financial Sec...
We believe the degree of enforcement by the U.S. Securities and Exchange Commission, or SEC, will be a key factor in determining whether its newly proposed “Best Interest†rules package will be as (if not potentially more) transformative for the financial sector as the Department of Labor’s, or DOL's, fiduciary rule has been. The SEC’s regulations are in a public comment period, while the DOL’s rule is in stasis as everyone waits to see if the government appeals a federal court ruling ...
- Jim Sinegal
Wells Fargo Is Still Attempting to Regain Its Footing
Wide-moat Wells Fargo’s efficiency ratio disappointed in the first quarter, coming in at 64.9%, as the company continued to suffer the effects of its sales excesses—including a consent order limiting growth and another pending financial penalty from the Consumer Financial Protection Bureau. That said, the company still managed to generate a 12.4% return on equity during the quarter and a 14.8% return on tangible common equity. If the company is able to meet its cost-cutting goals by 2020, ...
- Jim Sinegal
Wells Fargo will spend 2018 in the penalty box, but the bank is far fr...
We don't expect the ongoing challenges to the Department of Labor's fiduciary rule to have much of an impact on the U.S.-based asset managers and wealth management firms we cover, as many of the trends that have affected both industries the past several years--from the growth of low-cost passive investment vehicles (at the expense of actively managed products) to the increased use of fee-based account structures by advisors and broker/dealers--are unlikely to abate in the near to medium term. Wh...
- Jim Sinegal
Ongoing Challenges to DOL's Fiduciary Rule Don't Alter Existing Asset ...
We don't expect the ongoing challenges to the Department of Labor's fiduciary rule to have much of an impact on the U.S.-based asset managers and wealth management firms we cover, as many of the trends that have affected both industries the past several years--from the growth of low-cost passive investment vehicles (at the expense of actively managed products) to the increased use of fee-based account structures by advisors and broker/dealers--are unlikely to abate in the near to medium term. Wh...
- Jim Sinegal
Fed Tightens Again in a Bet on Economic Momentum
The Federal Reserve Open Market Committee raised its target for the federal-funds rate to 1.5%-1.75%, in the belief that momentum in the economy will continue to push inflation closer to its 2% objective over the months to come. However, the central bank noted that inflation remained below 2% over the past 12 months in spite of job gains and a low unemployment rate, and that forward-looking market inflation expectations remain modest. The Fed also noted that growth in both household spending and...
- Jim Sinegal
Fed Bides Its Time as Inflation Lags Economic Growth
The Federal Reserve Open Market Committee highlighted continued growth in employment, household spending, and business fixed investment in its latest statement, as the central bank chose to maintain its federal-funds rate target at 1.25%-1.5%. Inflation measures continue to remain below 2% despite the strength of the economy—the sole contributor to the cautious stance, in our view. However, market inflation expectations have risen slightly recently, and the newly passed tax cuts seem set to st...
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