State-Level Changes; Upcoming Events and Training

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Posted To: Pipeline Press

In compensation news, Merrill Lynch’s wealth management unit will discontinue signing bonuses for experienced brokers beginning June 1, instead focusing recruitment efforts on attracting and training young professionals. The move is calculated to attract young talent in an aging industry. Company & legal news Analysts continue to react to Impac Holding’s quarterly numbers. Trevor Cranston with JMP Securities LLC penned, “It was a down quarter as expected, but non-agency loan growth was encouraging; we reiterate our Market Outperform rating. Impac reported adjusted operating income per share of $0.12, slightly below our $0.20 estimate and down from $0.60 in the year- ago quarter and $1.37 in 4Q16. We had expected first quarter earnings to be down meaningfully due to the typical seasonality…(read more)

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