54.88 0.00 (0.00%)
After hours: 6:00PM EDT
|Bid||54.21 x 4000|
|Ask||55.99 x 800|
|Day's range||54.72 - 55.37|
|52-week range||46.54 - 63.01|
|PE ratio (TTM)||25.06|
|Earnings date||23 Oct 2018|
|Forward dividend & yield||0.84 (1.51%)|
|1y target est||67.96|
The retail brokerage industry is under purview of regulators, including the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), for better transparency.
Best execution covers a range of measures, such as the fastest execution, a better price than what is available as the “national best bid or offer” or, much of the time, execution by a third party off-exchange firm that pays the retail brokerage company for directing the retail order flow to them. The revenue from this “payment for order flow” for the brokers is substantial. For TD Ameritrade, it came to $320m in 2017, up 7 per cent from 2017.
Increasing adoption of artificial intelligence by financial companies can greatly help combat rising costs base and improve overall efficiency.
Pricing AMTD, a financial stock, can be difficult since these capital market businesses have cash flows that are affected by regulations that are not imposed upon other sectors. For example,Read More...
As anticipated, JPMorgan Chase (JPM) has launched its much-awaited free digital investment platform—You Invest—offering 100 free online trades to all its customers. According to JPMorgan, it will take less than three minutes to open a You Invest online investing account that users can manage from their phones or computers. Users with the You Invest service will get 100 free stock or ETF trades in the first year and will be charged $2.95 per trade if they make more trades.
Toronto-Dominion Bank posted a record quarter in the U.S., thanks to Americans who took out more loans and turned to the discount broker services of a bulked-up TD Ameritrade. The Canadian lender reaped C$225 million ($174 million) from its investment in the U.S. brokerage, which along with tax cuts and loan growth helped drive record profit of C$1.14 billion at its U.S. retail division, the Toronto-based bank said Thursday as it posted earnings that topped analysts’ estimates. “While TD came in ahead of expectations, it really was the strong contributions it received from TD Ameritrade that helped bolster earnings," Barclays Plc analyst John Aiken wrote in a note to clients.
TD Ameritrade (AMTD) reported earnings 30 days ago. What's next for the company? We take a look at earnings estimates for some clues.
Shares of online brokerage companies were hit hard this morning after CNBC reported that JPMorgan Chase (JPM) is planning to launch a new free digital investment app next week, which has been deemed “You Invest.” Shares of E-Trade Financial (ETFC), Charles Schwab (SCHW), and TD Ameritrade Holding (AMTD) have fallen ~4%, ~3.5%, and ~5.7%, respectively. On the other hand, shares of JPMorgan have risen 1.2%. JPMorgan has outperformed the Financial Select Sector SPDR ETF (XLF) year-to-date.
Shares of several major brokerage companies--including Charles Schwab (SCHW), TD Ameritrade (AMTD), and E-Trade (ETFC)--fell in morning trading Tuesday as JPMorgan Chase (JPM) unveiled a new mobile application which will feature free trading.
TD Ameritrade (AMTD) needs investors to pay close attention to the stock based on moves in the options market lately.
There are several reasons to be bullish on shares of TD Ameritrade (AMTD), according to new research, but don’t put the possibility of a big merger — such as one with E*Trade Financial (ETFC) — too high on that list. The possibility of such a deal has been around for a while, resurfacing earlier this month when a Deutsche Bank analyst wrote that it would make strategic and financial sense. E*Trade was recently worth more than $16 billion, roughly half of TD Ameritrade.
Proprietary trading firms and hedge funds formed 4% of Interactive Brokers Group’s (IBKR) total accounts in the second quarter. During the same period, of the total commissions and client equity, they formed 26% and 20%, respectively.
Interactive Brokers Group’s (IBKR) price-to-earnings ratio is 27.36x on an NTM (next-12-month) basis, which is a premium compared to the peer average of 17.36x. The primary reason for its premium valuation is its strong second-quarter results. The company’s average interest-earning assets amounted to $57.8 billion in the second quarter, implying YoY growth of 9.2%. In addition, its net interest margin expanded to 1.61% in the second quarter from 1.17% in the same quarter a year ago. ...
In the second quarter, Interactive Brokers Group (IBKR) saw daily average revenue trades (or DARTs) of 797,000 compared to 939,000 in the first quarter. The sequential fall of 15% was primarily due to lower movements in the broader markets mainly due to a settlement between the US and North Korean and the May 2018 jobs report, which reported an unemployment rate of only 3.8%. The company’s DARTs fell despite a rise of 5% in total accounts to 542,000 on a sequential basis.
Interactive Brokers Group (IBKR) posted net revenues of $445 million in the second quarter, a rise of 14.9% on a YoY basis. The company’s net interest income in the second quarter was $225 million, which was a 45% increase YoY.
Top-line strength and improved trading activities drive TD Ameritrade's (AMTD) third-quarter fiscal 2018 (ending Jun 30) earnings.
TD Ameritrade (AMTD) released its third fiscal quarter results on July 23. The company posted an EPS of $0.89, which exceeded analysts’ expectations by $0.09 and reflected 85% growth YoY (year-over-year). The company witnessed a substantial fall in the total operating expenses from $1.02 billion in the second fiscal quarter to $751 million in the third fiscal quarter.
TD Ameritrade (AMTD) just released its third-quarter financial results, posting adjusted earnings of $0.89 per share and revenues $1.38 billion.
The Omaha, Nebraska-based company said it had earnings of 79 cents per share. Earnings, adjusted for one-time gains and costs, came to 89 cents per share. The results topped Wall Street expectations. The ...
After second-quarter earnings, Charles Schwab (SCHW) has “strong buy” ratings from seven analysts and a “sell” rating from one analyst. The stock has “hold” ratings from six analysts and “buy” ratings from five analysts.
Charles Schwab’s (SCHW) price-to-earnings ratio stood at 19.74x on an NTM (next-12-month) basis. In comparison, the peer average is 19.47x. When Charles Schwab reported its second-quarter earnings, the stock rose. The stock prices of its competitors also witnessed upward movement, as Schwab’s strong results increased investor confidence in other major brokers.
Asset management and administration fees contributed $814 million, or 32.7%, of Charles Schwab’s (SCHW) net revenues in the second quarter. The line item saw a fall of 4% on a YoY basis because of a fall in revenues generated from money market funds. This revenue fall was a result of the company’s decision to reduce fees in the prior year, transfer funds into bank sweep accounts, as well as lower inflows in money market funds.