Large financial institutions had a good third quarter this year, with most reporting stronger earnings and revenues than last year and in the prior quarter.
Some broker-dealers that also have investment banking operations — like Morgan Stanley — saw activities like deal-making improve.
Many — but not all — with large consumer banking businesses, such as Bank of America, JPMorgan and Citi, also had a positive quarter.
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Janet Levaux
Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.
