Articles tagged "Tom Sipp"
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Envestnet shares spike on blowout net-new-asset quarter -- best since 2015 -- in part, because multi-year asset leak is slowing, and Yodlee is 'stabilizing'
The Berwyn, Pa., outsourcer saw its stock price jump 3.55% after hours to $65 after falling to 52wk low of $33.12 last November.
May 8, 2024 at 1:58 AM
Envestnet shares popped -- up 8% today -- after Wall Street filtered out bad news and staked its bet on confidence in a new team
The Berwyn, Pa., firm sugar-coated nothing but ended up with a sweet stock price result as analysts see good outweighing bad.
February 24, 2024 at 3:33 AM
On Bill Crager's last CEO call, Envestnet does bad-news dump -- a big Yodlee-related write-off -- but dangles bright future where Tamarac becomes the mouth of its sales funnel
The outsourcer swallowed a $191-million bitter pill, explained the data disaster that led to it, offered minimal forward guidance on results, or a future CEO, but Tamarac RIAs are catching on as SMA clients and imminent RIA custody is deemed 'extremely strategic'
