Big U.S. brokerage firms are thriving, not diving: report

Forecasts of a steady deterioration in profit at Merrill Lynch, Morgan Stanley (MS.N), Wells Fargo Advisors and UBS Wealth Management Americas are highly exaggerated, analysts at Sanford C. Bernstein & Co declared in a new report on Friday. The brokerage giants have lost market share to smaller f…

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Big U.S. brokerage firms are thriving, not diving: report

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