Cash sweeps

Advisor Upside

Wall Street’s Hush-Hush Cash Sweeps Take Center Stage

Photo by Ryan Brooklyn via Unsplash

High-profile lawsuits and SEC investigations over cash sweeps have taken the industry by storm.

2 min read

Photos by Ikechukwu Julius Ugwu and Nick Sarvari via Unsplash, Daveynin via CC BY 2.0, and Michael Vi via iStock

Advisor Upside

Big Brokers Beat Estimates in Strong Start to Earnings Season

JPMorgan Chase and Wells Fargo, among other banks and asset managers, beat analysts’ expectations in the third quarter.

1 min read
Photo by Djkeddie via CC BY-SA 4.0

Advisor Upside

Schwab Eyes Financial Advice as Cash Sweeps Dry Up

The online brokerage has long relied on bank revenues, like cash-sweep programs, but executives are now leaning into wealth management.

2 min read
Photo by Ajay Suresh via CC BY 2.0

Advisor Upside

Morgan Stanley Clients Earned .01% on Cash. Now, They’re Suing

A class-action lawsuit filed by a former Morgan Stanley customer revolves around cash sweeps that earn additional income on uninvested cash.

2 min read

Photo by Martin Ceralde on Unsplash

Markets

Stock Buybacks are the Ultimate Gift for Companies in Record Year

This month marks the end of what Goldman Sachs estimates will be a record year for stock buybacks, with a volume of roughly $930 billion.

2 min read
Photo by Brusk Dede via Unsplash

Industries

CEO Departures Have Reached a Record High with Almost 2,000

In the first 11 months of the year, 1,991 CEOs have announced their departures, up 16% compared to the same timeframe last year.

1 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Marcio Silva via iStock

Economics

Wall Street’s New Year’s Resolution: Launch More IPOs

No matter how you cast your ballot in the presidential election last month, recent history suggests your vote counts for IPOs.

6 min read

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