4 Financial Stock Stories Ready for a Tuesday Read
Deutsche Bank AG (NYSE:DB): Current price $50.48
On Tuesday, Deutsche Bank’s Autobahn electronic trading business, within its Markets unit, announced the intro of Autobahn Options, offering complete United States equity options trading capabilities. Autobahn Options allows access to the major electronic options exchanges, among which include Chicago Board of Options Exchange, International Securities Exchange, Boston Options Exchange, NYSE Arca, BATS Options, and NYSE Amex. Taking advantage of the new suite of option-focused strategies, clients may trade single stock options, equity index, and ETF options. With Autobahn Options, clients have a full suite of investment solutions for electronic options trading, including single-leg and complex multi-leg strategies as part of a suite of algorithms, direct market access, and smart order routing.
Wells Fargo & Co. (NYSE:WFC): Current price $42.93
Wells Fargo and its private student lending business recently debuted the “Five Steps to Financial Aid” video series with which to educate students and their families on options to pay for college. Since posting on the Internet in September, the video series has generated over 1.1 million combined views on YouTube. The series engages audiences via a fictional financial advisor character, Mr. Fellows, who steers viewers through the critical steps required to pay for a college education.
Morgan Stanley (NYSE:MS): Current price $29.52
Morgan Stanley Wealth Management announced Monday it has recruited two financial advisers from Edward Jones and a team of advisers from UBS. Advisers Ted Bowling and his son Aaron Bowling came to Morgan Stanley’s Oklahoma City office from Edward Jones, where they oversaw $344 million in client assets and generated s0me $1.8 million in yearly revenue. The firm also hired advisers Robert P. Schneider and Paige Abner-Peden from UBS AG’s Wealth Management Americas. Schneider and Abner-Peden joined Morgan Stanley’s Louisville office. Both adviser teams officially joined Morgan Stanley last Friday.
MasterCard Inc. (NYSE:MA): Current price $721.60
MasterCard on Tuesday announced MasterCard Travel Controller, its new solution for the corporate travel industry. From airline tickets to rental cars, hotel rooms, and more, the solution offers travel management firms and their corporate clients the ability to reconcile expenses more rapidly and securely, which helps control spending, lower operational costs and ensure compliance with corporate travel policy. Travel Controller supplies an integrated solution for issuers, Travel Management Companies and their corporate clients.