One year after Lehman and six months into a furious rally, Morningstar ETF analysts Scott Burns and John Gabriel say investors need to tread carefully in the sector.
Given the likelihood that the Fed's additional quantitative easing will be more modest, the effect should largely already be priced into the bond marketplace today, says Western Asset CIO Steve Walsh.
Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.
Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, said quarterly profit almost tripled as gains in the value of the firm's own investments contributed to the first year of revenue growth since 2009.