News Highlights: Top Financial Services News of the Day

01/26/2022 | 12:16am
Asia Alternatives Banks $2 Billion to Back Asia Pacific Managers 

Asia Alternatives Management, one of the oldest independent fund-of-funds managers focused exclusively on the Asia Pacific region, has $2 billion in fresh capital to commit through the strategy.

American Express Boosts Forecasts as Credit Card Spending Sets Record 

For the full year, American Express expects to generate revenue growth in the range of 18% to 20% and earnings per share of $9.25 to $9.65.

Fidelity, Once Stodgy and Adrift, Bets on the Reddit Crowd 

Abby Johnson, a CEO some doubted, has lifted the firm's profits while reshaping it for the generation of young investors spurred by the pandemic. One question: Would they hang around through a steep market downturn?

Massachusetts Investigates Potential Target-Date Funds Tax Issue 

The secretary of the commonwealth is asking asset-management companies including Vanguard, Fidelity and T. Rowe Price for information related to client accounts and target-date mutual funds offered in the state.

Baird to Acquire $18 Billion Wealth Manager Hefren-Tillotson 

The deal gives Baird a greater footprint in Pittsburgh plus more than 90 financial advisors.

Why Calling the Bottom on Credit Suisse Is Tricky 

Company turnarounds can be very rewarding for investors, but they need perfect timing or nerves of steel to ride out the early bumps. The Swiss lender seems intent on testing its shareholders' mettle.

Economists Split on Whether Bank of Canada Raises Rates Wednesday 

A Wall Street Journal survey of 12 economists shows an even split on whether the central bank will boost rates now or not until March.

Experian to Allow Consumers to Create Their Own Credit Reports 

Millions of consumers don't have reports and are shut off from affordable lending.

Berkshire Hathaway Will Host Annual Meeting in Person 

The conglomerate's annual shareholder meeting, which pre-pandemic would regularly bring tens of thousands of people together in Omaha, Neb., will be held in person for the first time since 2019.

Beyond Robinhood: 4 Financial Apps That Help Individual Investors Get Started in 2022 

A look at what these apps do-and don't-offer, and how much they cost.

(END) Dow Jones Newswires

01-26-22 0015ET

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