• Friday, May 18, 7:35 AM "One of the bright spots we observed was the IPOs bring about some re-engagement from retail investors who previously were sitting on the sidelines," says an Ameritrade spokeswoman about the GM IPO. Josh Brown ponders Facebook, believing its IPO will give a much-needed boost to struggling equity trade volume at the online brokers. 3 Comments [Financials]
• Tuesday, April 17, 7:43 AM TD Ameritrade (AMTD): FQ2 EPS of $0.25 misses by $0.01. Revenue of $673M (-6.3% Y/Y) in-line. (PR) Comment! [Earnings, Financials]
• Tuesday, April 17, 12:05 AM Notable earnings before Tuesday's open: AMTD, CMA, EDU, FRX, GS, GWW, JNJ, KO, NTRS, OMC, STT, USB, USG Comment! [Earnings]
• Monday, April 16, 5:30 PM Notable earnings before Tuesday's open: AMTD, CMA, EDU, FRX, GS, GWW, JNJ, KO, NTRS, OMC, STT, USB, USG Comment! [Earnings]
• Wednesday, April 11, 8:59 AM TD Ameritrade (AMTD) plans to list shares on the NYSE instead of the Nasdaq beginning on April 25. 1 Comment [Financials]
• Friday, March 30, 12:35 PM Keefe Bruyette raises price targets on TD Ameritrade (AMTD +1.3%) from $20 to $23.50, Schwab (SCHW +0.2%) from $13 to $15, and E-Trade (ETFC -0.1%) from $10 to $12 ahead of Q1 results. The firm cites improving consumer and investor sentiment and better than expected trading activity. Comment! [Financials]
• Friday, March 16, 11:27 AM Deutsche Bank downgrades a mixed bag of financial stocks this morning on valuation and a mixed macro outlook. In addition to Morgan Stanley, the firm also cuts TD Ameritrade (AMTD -1.1%) and Blackrock (BLK -0.6%) to Hold as well (I,II). Comment! [Financials]
• Thursday, March 8, 10:25 AM Execs with TD Ameritrade (AMTD +1.1%) tip off at the Citi Financial Services Conference that the company has a bias toward buybacks over dividend increases and will hold off on a dividend hike this year. The company still has 30M shares left in its share repurchase program. Comment! [Financials]
• Tuesday, February 21, 2:31 PM TD Ameritrade (AMTD +0.3%) CEO Fredric Tomczyk claims (video) that retail investors are jumping back into the market with a particular thirst for dividend-paying stocks and options. The exec cites a paradigm shift in investors over the last 3 or 4 weeks tied to improving economic numbers and positive momentum built on the march to Dow 13K. 1 Comment [Financials]
• Tuesday, January 17, 7:46 AM TD Ameritrade (AMTD): FQ1 EPS of $0.28 beats by $0.02. Revenue of $653.4M (flat Y/Y) misses by $18M. (PR) Comment! [Earnings, Financials]
• Tuesday, January 17, 12:05 AM Notable earnings before Tuesday's open: AMTD, C, CHKP, EDU, FRX, MMR, WFC Comment!
• Friday, January 6, 12:06 PM Deutsche says the environment is getting more and more challenging for online brokers, and the sector is likely to face continued headwinds going into 2012. Given current valuations, the firm cuts Charles Schwab (SCHW +0.7%) to Hold and recommends swapping out of it and into TD Ameritrade (AMTD +1.4%), upping it from Hold to Buy. The firm calls AMTD its top pick in the sector. Comment! [Financials, On the Move]
• Tuesday, October 25, 8:11 AM TD Ameritrade (AMTD): FQ4 EPS of $0.29 misses by $0.02. Revenue of $703.5M (+15.6% Y/Y) misses by $11M. Shares +1.7% premarket. (PR) Comment! [Earnings, Financials]
• Tuesday, October 25, 12:05 AM Notable earnings before Tuesday's open: AGCO, ALV, AMTD, ARMH, AUO, BP, BTU, CE, CIT, CMI, COH, CP, DAL, DB, DD, DGX, ECL, FMER, ILMN, ITW, LXK, MMM, MOLX, NOV, NUS, NVS, OCR, PCAR, RAI, RF, RYN, SHW, SPG, TLAB, TROW, UA, UBS, UPS, WAT, WDR, WFT, X, XRX Comment! [Earnings]
• Friday, October 7, 2:59 PM Doug Kass suggests investors put money to work in non-bank financials, and he's most excited by online broker E-Trade (ETFC -1.5%). He thinks top shareholder Ken Griffin's agitating for the company to sell itself will prove successful, with Ameritrade (AMTD) or Schwab (SCHW) likely buyers at ~$16. “Life insurance companies are stupid cheap,” Kass adds. 3 Comments [Financials, Quick Ideas]
• Friday, September 23, 8:04 AM 44% of retail investors plan to increase their usage of ETFs over the next year, according to a recent Schwab survey. While limited to individual investors with familiarity with ETFs rather than a cross-section of the investing public, it indicates ETFs will likely continue growing at an impressive pace, benefiting online brokers and ETF firms at the expense of mutual fund managers. Comment! [Financials]