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The rebundling conundrum

The TRADE

The next question will be how quickly they can move across, with a small group getting it done by the end of the year and a much larger contingent now targeting 2026.” However, it does suggest that this will gradually become a European industry trend, especially once the EU regulations are implemented at a domestic level in June 2026.”

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HSBC downgrades JPMorgan Chase, adopts 'a more cautious stance' on bank stocks

CNBC: Investing

"The share prices of the universal banks and brokers we cover have, on average, risen 35% over the past three months," Martinez said. " Analysts are split on JPMorgan Chase shares. Of the 26 who cover it, 14 rate it a buy or strong buy, according to LSEG. Another 11 have hold ratings on the stock.

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Here are Goldman’s best-of-the-best stock picks heading into August

CNBC: Investing

"AON is poised to deliver stronger than consensus 2026 organic growth and free cash flow (FCF 9%+ above Visible Alpha consensus for 2026/2027) supported by talent investments (more brokers), NFP acquisition synergies (acquired in 2024), and a recovery in M & A and capital markets activity."

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LPL Financial Closes Its Acquisition of Commonwealth Financial Network

Global Newswire by Notified: M&A

Commonwealth will operate as a wholly-owned portfolio company through the onboarding of Commonwealth advisors to LPL’s platform, which is expected to be completed in the fourth quarter of 2026. The acquisition was announced on March 31, 2025. For further information about LPL, please visit www.lpl.com.

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Fundstrat's Tom Lee: Probabilities favor stocks rising following the Fed decision

CNBC: Investing

General Disclosures Fundstrat Global Advisors is an independent research company and is not a registered investment advisor and is not acting as a broker-dealer under any federal or state securities laws. IRC Securities is a FINRA registered broker-dealer that is focused on supporting the independent research industry.

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SEC approves FICC access models and segregated accounts and margin rule filings

The TRADE

In relation to segregated accounts and margin, FICC’s proposed rule changes seek to address the Commission’s new requirements and the conditions for including margin in the broker-dealer reserve formulas. The post SEC approves FICC access models and segregated accounts and margin rule filings appeared first on The TRADE.

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Retail boost is driving volumes off-exchange, Liquidnet finds

The TRADE

Wholesales were found to have increased their consumption of flow from retail brokers. Last week, the European Council and Parliament introduced a “general ban” on PFOF, with temporary exemptions for member states where firms currently use the practice until June 2026.