12 Best & Worst Broker-Dealers: Q4 Earnings, 2022
March 1, 2023 by Janet Levaux
Broker-dealers reported mixed earnings for the final quarter of 2022, with an equal number posting year-over-year growth and declines in corporate profits. But while one large BD saw its profits drop over 65%, another knocked it out of the park with an earnings jump of nearly 200%.
Speaking about the conditions affecting banks and other firms, JPMorgan Chairman & CEO Jamie Dimon said earlier this year: “The U.S. economy currently remains strong with consumers still spending excess cash and businesses healthy.”
Click HERE to read the full story via ThinkAdvisor
Wink’s Note: No surprise that Janet P. Levaux at ThinkAdvisor pieced-together the best and worst Broker/Dealer earnings of 2022.
Of interest, Dan Arnold and LPL Financial are coming-in at #1!
Not so good news- Goldman Sachs did the worst, coming-in at 12th place.
I was hoping this piece was based upon advisor feedback, but it isn’t.
So, hopefully Janet will put that into her box of “future story ideas!” -sjm