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Decline in revenues and lower AUM remain major concerns for Waddell & Reed (WDR), but strong capital position and lower expenses might support its results in the long run.
Eaton Vance (EV) is projected to witness year-over-year growth in earnings and revenues when it announces fiscal third-quarter 2017 results on Wednesday.
A former Eaton Vance Corp. portfolio manager is set to spend 18 months behind bars after admitting to secretly making trades that made him more than $1.5 million at the expense of the company and its clients. Kevin Amell, a Hingham resident and formerly a vice president at Boston-based Eaton Vance (EV), was sentenced in federal court in Boston on Wednesday. Amell pled guilty in April to one count of securities fraud.