Real estate problems such as fraud and timeshares caused it to be on the list of 10 worst consumer complaints for the first time, and mortgage woes were placed among the top five complaints, according to an annual study conducted by key consumer agencies.
The top 10 list, provided by the Consumer Federation of American and the North American Consumer Protection Investigators has recently revealed that real estate appeared at ninth place, behind complaints concerning Internet sales and landlord/tenant problems, which tied at No. 7, and fraud.
In other news, the average price of Chinese homes in 100 major cities grew in July for the second consecutive month, indicating that property prices have bottomed out.
Morgan Stanley (NYSE:MS)
Morgan Stanley (NYSE: MS) and National Equity Fund Inc. (NEF) are expanding their aptitude to shore up disaster area revival with a supplementary $25 million in capital and a broader geographic reach for the Rebuilding Local Economies fund they launched in 2011.
In last trading session, Morgan Stanley (NYSE:MS) jumped +1.11% and closed at $13.66 with the total traded volume of 13.33 million shares. MS has market capitalization of 27.01 billion.
MS has earnings per share of $1.23 with the net profit margin of 12.31% and 67.13%. Its price to earnings ratio ended at 11.11.
Charles Schwab Corp (NYSE:SCHW)
The Charles Schwab Corporation declared its resolution to redeem all of the Fixed to Floating Rate Trust Preferred Securities issued by Schwab Capital Trust I. As a result of the agreeing recovery in whole by the Company of the junior subordinated notes held by Schwab Capital Trust I which inspire the Trust Preferred Securities, the Trust Preferred Securities are being exchanged, along with the common securities issued by Schwab Capital Trust I and held by the Company.
In last trading session, Charles Schwab Corp (NYSE:SCHW) fell -1.17% to close at $12.63 and its overall volume during last trading session was 5.35 million shares. Its opening price was $12.75 while its shares hit the day high price of $12.76 and day low of $10.56.
LPL Financial Holdings Inc (NASDAQ:LPLA)
LPL Financial Holdings Inc (NASDAQ:LPLA) reported the fall of -12.57% with the closing price of $11.12. The overall volume in the last trading session was 3.48 million shares. The total market capitalization remained $3.09 billion.
LPLA is ahead its 52 week low with 21.61% and its last month price volatility remained 6.43%. Company’s current year earnings per share grew 33.60% while the five year EPS growth rate was +12.44%. LPL Financial Holdings Inc., provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions.