Morning MoneyBeat: Buybacks Lose Some Luster

“This has been a year where there have been plenty of fits and starts that have led to a somewhat directionless market,” Ernie Cecilia, chief investment officer of Bryn Mawr Trust Co. in Bryn Mawr, Pennsylvania, said in a chat with MoneyBeat. His firm oversees $7.4 billion in assets.

The article appeared on, the complete article is available online.