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Assets managed by BlackRock shot to $11.48 trillion in the period, compared with $9.10 trillion a year earlier and $10.65 trillion in the second quarter, the company said on Friday.
Allspring Global Investments was originally the asset management unit of Wells Fargo known as Wells Fargo Asset Management (WFAM) that was established in 1995. [2]In October 2020, Wells Fargo was exploring the sale of WFAM as part of its efforts to focus more on core competencies and improve its financial performance after the Wells Fargo cross-selling scandal.
In 2021, the company sold its asset management division, Wells Fargo Asset Management (WFAM) to private equity firms GTCR and Reverence Capital Partners for $2.1 billion. [91] WFAM had $603 billion in assets under management as of December 31, 2020, [92] [93] of which 33% was invested in money market funds. [94]
In 2014, [20] BlackRock's $4 trillion under management made it the "world's biggest asset manager". [38] At the end of 2014, the Sovereign Wealth Fund Institute reported that 65% of Blackrock's assets under management were made up of institutional investors. [39] By June 30, 2015, BlackRock had US$4.721 trillion of assets under management. [40]
Wells Fargo really surprised me by saying that they expect their net interest income to go up in 2025. That was not what was the expectation going into their report. It looks really good all around.
BlackRock Inc's, quarterly results topped analysts' expectations on Thursday, buoyed by a rising stock market that boosted the firm's assets under management to a record high $8.68 trillion ...
The following is a list of the world's largest publicly traded financial services companies, ordered by annual sales for the latest Fiscal Year that ended March 31, 2018 or prior (all public companies with sales of $20 billion or more are included, while privately held companies are not included).
By Ross Kerber BOSTON (Reuters) - Wells Fargo & Co on Thursday said a cap on the bank's growth imposed by regulators after sales practices scandals would hurt earnings less than it thought this ...