Morningstar's Lauren DeSanto thinks that P&G's scale and investment in product development will allow it to serve consumers regardless of the economic backdrop.
Competitive pressures are making it hard for firms to raise prices to recoup higher costs, but investment opportunities in the sector remain, says Morningstar's Erin Lash.
Bank of America Corp. shifted bonuses at U.S. Trust to focus employees on adding clients and boosting account balances, a change that could mean lower pay for some members of the wealth-management unit.
Bank of America Corp.'s Lisa Shalett, who was chief investment officer for the firm's Merrill Lynch brokerage for two and a half years, will leave the company.