More From Raymond Anderson
A Look at Capital One’s Valuations
Capital One Financial Corporation’s (COF) PE (price-to-earnings) ratio is 8.77x on an NTM basis compared to its competitors’ average PE ratio of 20.79x.
How Could a Trade War Impact Asset Managers?
After Trump announced that Chinese investments in US tech stocks would be restricted, the Dow Jones Industrial Average spiked downward.
Blackstone to Acquire Minor Stake in Rockpoint
On March 13, 2018, the Blackstone Group (BX) announced that it is acquiring a minority equity stake in Rockpoint, a private equity giant.
Can State Street Recover Its Discounted Valuations?
On a next 12-month basis, State Street Corporation (STT) has a PE (price-to-earnings) ratio of 13.9x. Its competitors’ average is 21.22x.
TD Ameritrade’s Projected Operating Expenses for Fiscal 4Q17
TD Ameritrade Holding (AMTD) saw an increase in its total operating expenses for fiscal 3Q17 compared to fiscal 3Q16.
Can American Express Distributions Continue to Attract Investors?
American Express (AXP) has been using its strong balance sheet position to consistently declare dividends to its shareholders.
What to Expect from Payment Processing Companies in H2 2018
In the first quarter, Capital One’s net income totaled $1.3 billion while Discover’s net income reached $666.0 million.
How Analysts View TD Ameritrade after Fiscal 2Q18
Of the 19 analysts covering TD Ameritrade (AMTD) in April 2018, seven have recommended “strong buy,” five have recommended “buy,” six have recommended “hold,” and one has recommended “strong sell.”
A Look at the PGIM Ultra-Short Bond ETF
PGIM, which distributes Prudential Financial’s (PRU) retail products, has introduced the PGIM Ultra-Short Bond ETF, an actively managed fund focusing on capital appreciation and income generation.
What Led to Invesco’s Discounted Valuations?
Invesco has a price-to-book ratio of ~1.4x on an LTM basis.
Discover Financial Services: Assessing Analysts’ Ratings
Five analysts suggested a “hold,” one recommended a “strong sell,” and nine recommended a “strong buy” on DFS stock.
What’s Charles Schwab’s Valuation?
Charles Schwab (SCHW) has a price-to-earnings ratio of 20.80x on an NTM (next-12-month) basis.
State Street: A Look at Total Assets under Management
State Street Corporation ended fiscal 2017 with total AUM of ~$2.8 trillion, with an equity component of ~$1.7 trillion.
Why State Street Has Lower Valuations
Wall Street analysts have given a one-year price target on State Street of $117.53.
What to Expect from Mastercard Moving Forward
Wall Street analysts expect Mastercard (MA) to post earnings per share (or EPS) of $1.25 for 1Q18.
What Prudential’s Planning for Its Investment Management Business
Prudential’s investment management division is deploying money to expand its offerings and reach.
How Wall Street Analysts View Invesco
Of 16 analysts tracking Invesco in April 2018, four analysts suggested a “buy,” and six analysts gave “hold” ratings on the stock.
Analyzing TD Ameritrade’s Higher Valuation after Fiscal 2Q18
TD Ameritrade’s (AMTD) NTM (next-12-month) price-to-book ratio is 4.1x, higher than the peer average of 4.0x, indicating its higher valuation.
Janus Capital, Henderson Group: Complementary Business Advantage
The merged entity of Janus Capital Group (JNS) and Henderson Group (HGG) will help accelerate the twin strategic objectives for diversification and growth.
Interactive Brokers Group Posted Strong 1Q18 Results
Interactive Brokers Group (IBKR) posted earnings per share of $0.63 in 1Q18, beating Wall Street expectations by $0.07.
Prudential’s International Insurance Aims to Expand Reach
In 4Q17, Prudential Financial’s (PRU) life planner operations’ adjusted operating income fell to $383 million from $395 million in 4Q16 due to foreign currency exchange, policies, and increased expenses.
What’s Expected from Invesco Moving Forward?
Analysts gave a high estimate for Invesco’s (IVZ) 1Q18 earnings per share of $0.72 and a low estimate of $0.64.
What Analysts Are Saying about Prudential Financial
Of the 18 analysts covering Prudential Financial (PRU) in April 2018, six have recommended “strong buy,” five have recommended “buy,” and seven have recommended “hold.”
What to Expect from Chubb in 4Q17
Chubb Limited (CB) plans to release its 4Q17 earnings report on January 30. The average estimate from Wall Street analysts for earnings per share or EPS in 4Q17 is $2.33.
Understanding State Street’s Investment Management Business
State Street Corporation’s (STT) investment management business generated revenues of $1.6 billion in 2017, up from $1.3 billion in 2016.
State Street: What Analysts Have to Say in April 2018
In April 2018, five analysts suggested a “strong buy” for STT stock, and 11 recommended a “hold” rating.
Analyzing Prudential’s Valuations after 3Q17
Prudential Financial declared a quarterly dividend of $0.75 per share on November 14, 2017. This quarterly dividend would be paid on December 14, 2017.
Analyst Ratings on Blackstone Have Stayed Steady
Asset managers have been negatively affected in 1H 2018 by the unsupportive global environment.
Why Charles Schwab’s Total Expenses Rose
Charles Schwab (SCHW) has seen an increase in its total expenses excluding interest expenses in 2Q17 as compared to 2Q16.
What Led to Chubb’s Discounted Valuations?
Chubb has been successful in gaining investors’ confidence as the company rewarded shareholders with $667 million in 2Q17 via repurchases and dividends.
How ETFs Can Impact State Street’s Investment Management Division
In the first quarter, BlackRock (BLK) saw inflows of $35.0 billion in its ETF offerings.
Will Analysts Stay Optimistic about Visa Stock?
In the fiscal third quarter, Visa (V) witnessed strong growth on a YoY (year-over-year) basis in all its primary business metrics.
What Fueled Visa’s Payment Volumes in Fiscal Q3 2018?
In the third quarter, Visa (V) witnessed a rise in payment volumes from the United States on a sequential basis from 10.1% to 10.5%.
How Analysts Rate Mastercard
Analysts’ rating on Mastercard (MA) improved in July compared to June.
Understanding Visa’s Take on Contactless Payments
Visa (V) has been making efforts to increase the use of contactless payments in the United States after experiencing a positive response.
Mastercard Has Premium Valuations after Strong Q2 2018 Results
Mastercard (MA) has a price-to-earnings ratio of 28.04x on an NTM (next-12-month) basis compared to the peer average of 15.95x.
Understanding Visa’s Views on Europe and India
Visa (V) posted total payment volumes amounting to $2.1 trillion in its fiscal third quarter.
How Mastercard’s Gross Dollar Volumes and Net Revenues Trended
In the second quarter, Mastercard (MA) witnessed total gross dollar volumes (or GDV) of $1.5 trillion.
Could Investor Interest in Alternatives Change Analysts’ Ratings?
Apollo Group Management has “strong buy” ratings from the five of the 15 analysts covering the stock in July.
Discover Financial’s Q2 2018: Total Loans Grew 9% Year-over-Year
On July 26, Discover Financial Services (DFS) released its earnings report for the second quarter.
KKR Posts Q2 2018 Results: AUM Rises Sequentially
KKR & Co. (KKR) reported its second-quarter earnings on July 26. Its EPS was $0.49, which beat analysts’ expectation of $0.45.
Here’s What Led to Apollo Global Management’s Premium Valuation
Apollo Global Management’s (APO) PE ratio is 13.29x on an NTM (next-12-month) basis.
Apollo Global: How Investor Interest in Real Estate Could Help
In H2 2018, Apollo Global Management’s (APO) real estate business could see a negative impact due to expectations of interest rate hikes.
How Monetary Policy Could Impact Apollo’s Credit Segment
The credit segment of Apollo Global Management generated management fees of $183 million in the first quarter, which reflects a rise of 15.6% YoY.
Acquisitions Boost Invesco’s Assets under Management
Invesco (IVZ) reported its second-quarter results today, posting EPS of $0.66.
Can Apollo Global Management’s Q2 2018 Impress Investors?
On August 2, Apollo Global Management (APO) is expected to report its second-quarter results. It’s expected to report EPS of $0.54.
Visa Posts Strong Fiscal Q3 2018 Results: Payments Volume Rose
On July 25, Visa (V) posted its third fiscal quarter results. The company posted an EPS of $1.20, which exceeds Wall Street analysts’ expectations.
What Analysts Recommend for Interactive Brokers Group
Proprietary trading firms and hedge funds formed 4% of Interactive Brokers Group’s (IBKR) total accounts in the second quarter.
How Interactive Brokers Group Is Valued after Q2 Results
The primary reason for Interactive Brokers Group’s premium valuation is its strong second-quarter results.
Why Interactive Brokers Group’s Commissions Fell
In the second quarter, Interactive Brokers Group (IBKR) saw daily average revenue trades (or DARTs) of 797,000.
Interactive Brokers Posted Strong Second-Quarter Results
Interactive Brokers Group (IBKR) posted net revenues of $445 million in the second quarter, a rise of 14.9% on a YoY basis.
Visa’s Payments Volumes Could Fuel Its Growth
On July 25, Visa (V) is scheduled to report its results for the third fiscal quarter. Analysts expect Visa to post an EPS of $1.09.
TD Ameritrade Posted Strong Third-Quarter Results
TD Ameritrade (AMTD) released its third fiscal quarter results on July 23. The company posted an EPS of $0.89, which exceeded analysts’ expectations.
Mastercard’s Q2 Preview: Spending, Macro Data Could Be Drivers
Mastercard (MA) is set to release its second-quarter earnings report on July 26. What can we expect?
State Street’s Second-Quarter Earnings and Acquisition Plan
On July 20, State Street (STT) reported its second-quarter earnings. The company’s EPS was $2.05, which surpassed analysts’ expectations by $0.04.
How Analysts View Charles Schwab after Q2 2018
After second-quarter earnings, Charles Schwab (SCHW) has “strong buy” ratings from seven analysts and a “sell” rating from one analyst.
How Charles Schwab Is Valued after Strong Second-Quarter Results
Technological investments, competitive commission rates, and acquisitions are expected to drive the brokerage industry moving forward.
Why Schwab’s Asset Management and Administration Fees Fell
Asset management and administration fees contributed $814 million, or 32.7%, of Charles Schwab’s (SCHW) net revenues in the second quarter.
Charles Schwab’s Total Client Assets Rose in the Second Quarter
As of June 30, Charles Schwab (SCHW) had total client assets of $3.4 trillion, a YoY rise of 12% and a sequential rise of 3%.
E*TRADE’s Q2 Daily Average Revenue Trades Fell Sequentially
E*TRADE Financial posted second-quarter EPS of $0.95, which beat Wall Street estimates by $0.07.
Capital One’s Net Interest Margin Fell in the Second Quarter
Capital One Financial (COF) posted second-quarter results on July 19.
Higher Net Interest Income Drove Charles Schwab’s Net Revenues
Charles Schwab’s (SCHW) second-quarter net revenues came in at $2.5 billion, a YoY rise of 17% and a sequential rise of 4%.
Interactive Brokers Group Missed Earnings Estimates in Q2 2018
On July 17, Interactive Brokers Group declared its second-quarter earnings. The company’s EPS was $0.39, which missed analysts’ expectations by $0.02.
Charles Schwab Posts Strong Q2 2018 Results, Shares Gain
Charles Schwab (SCHW) reported its second-quarter results on July 17. The company posted an EPS of $0.60, which exceeded analysts’ estimates.
How T. Rowe Price’s Valuation Compares
T. Rowe Price’s (TROW) NTM (next-12-month) PE ratio is 15.19x, higher than peers’ average of 10.08x.
What Could Help T. Rowe Price in Q2 2018
Of T. Rowe Price’s (TROW) total assets under management in the first quarter, $579.3 billion comprised equity, $135.8 billion comprised fixed income and money market assets, and $299.1 billion were multi-asset funds.
How Macros and Monetary Policies Could Drive TROW’s Performance
Donald Trump’s imposition of additional tariffs on $200 billion in Chinese imports has increased trade tension, which could impact the global economy and business.
American Express in Q2: Drivers Could Be Loan Growth, Spending
On July 18, American Express (AXP) is expected to report its Q2 2018. Analysts expect EPS to be $1.82 compared to $1.86 in the first quarter.
Analysts Are Mixed on Interactive Brokers Group in July
In July, Interactive Brokers had two “strong buy” ratings out of six analysts tracking the stock.
Capital One’s Q2: Expectations Amid Trade Wars, Improved Economy
Capital One (COF) is expected to release its Q2 2018 earnings on July 19. Analysts expect EPS of $2.68, a YoY rise of 38.1%.
State Street’s Investment Servicing Division: What’s Ahead?
In the first quarter, State Street’s Investment Servicing division garnered net interest income of $663.0 million for a YoY increase of 30.0%.
A Look at Interactive Brokers Group’s Premium Valuations
The PE ratio of Interactive Brokers Group (IBKR) is 26.17x on an NTM (next-12-month) basis.
Can the US-China Trade Battle Impact Blackstone’s Q2 2018?
On July 19, The Blackstone Group (BX) is expected to report its Q2 2018 earnings. Analysts expect EPS of $0.74, a YoY rise of 25.4%.
Factors that Could Impact State Street’s Earnings in Q2 2018
State Street (STT) plans to release its Q2 2018 earnings on July 20. It expects to report EPS of $2.01, a year-over-year increase of 20.35%.
What Interactive Brokers Group’s Commissions Might Be in Q2 2018
In the second quarter, Interactive Brokers Group (IBKR) is expected to generate fees and commissions income of $195 million.
How Interactive Brokers Group’s Average Trades Have Trended
Interactive Brokers Group (IBKR) saw DARTs of 797,000 in the second quarter, which implies a sequential fall.
Interactive Brokers: Stabilizing Net Interest Margins in Q2 2018
In the second quarter, Interactive Brokers Group (IBKR) is expected to report net interest income of $255.1 million.
What’s in Store for Interactive Brokers Group in Q2 2018?
Interactive Brokers Group (IBKR) is expected to report its Q2 2018 earnings on July 17. It’s expected to have lower commissions.
Can Macros and Mixed Sentiment Drive E*TRADE’s Q2 2018 Earnings?
E*TRADE Financial Corporation (ETFC) is scheduled to release its second-quarter results on July 19. Wall Street is expecting EPS of $0.89, implying year-over-year growth of 27.1%.
Tariffs: TD Ameritrade’s Views and the Impact on Asset Managers
On July 11, JJ Kinahan of TD Ameritrade Holding (AMTD) stated his views on the rising US-China trade tensions.
What Charles Schwab Predicts for Second Half of 2018
On July 10, Charles Schwab (SCHW) presented its forecast for the second half of the year.
Why Analysts Love Charles Schwab
In July, Charles Schwab (SCHW) got six “hold” ratings and one “sell” rating of the 20 analysts covering the stock.
A Look at Charles Schwab’s Valuations
Charles Schwab (SCHW) has a PE ratio of 18.99x on an NTM (next-12-month) basis.
Charles Schwab’s Asset Management and Administration Fees
In the first quarter, Schwab (SCHW) generated total asset management and administration fees of $851 million.
What Could Charles Schwab’s Trading Income Be in Q2 2018?
Moving forward, the markets could see higher volatility, mainly due to prevailing trade tensions that are disrupting global trade.
What Could Help Charles Schwab’s Net Interest Income in Q2 2018?
Charles Schwab’s net interest income is largely influenced by interest-earning assets and interest rates.
What’s Expected for Charles Schwab in Q2 2018?
On July 17, Charles Schwab (SCHW) is expected to post its second-quarter earnings. Analysts expect it to report EPS of $0.58.
How Blackstone’s Valuations Compare to Peers
The Blackstone Group (BX) has a price-to-earnings ratio of 10.40x on an NTM (next-12-month) basis, while the peer average is 10.17x.
How Do Interactive Brokers Group’s June Metrics Look?
Interactive Brokers Group reported daily average revenue trades of 799,000 in June, a month-over-month rise of 2% and a year-over-year rise of 17%.
What Factors Could Influence Analysts’ Ratings on Discover?
Growing trade tensions are a primary concern, as they could impact the performances of Discover Financial Services (DFS) and its peers.
Could Analysts Change their Ratings for Brokerages?
Over the long term, trade wars could negatively impact investors’ views on equities, primarily due to the risks they carry.
Here’s What Could Affect Blackstone’s Real Estate Segment
The real estate segment of Blackstone Group (BX) garnered total revenues of $641 million in the first quarter, a decline of 17% on a YoY (year-over-year) basis.
What Discover Financial Has in Mind Moving Forward
Discover Financial Services (DFS) generated net interest income amounting to $2.1 billion in the first quarter.
Brokerages in 2018: What to Expect
The final week of the second quarter might help brokerages, primarily because of higher client participation.
How Could Trade Wars Impact Bond Yields?
The primary reason for investors’ preference for safer instruments is highly unstable global factors.
What Could Impact Blackstone’s Private Equity Business?
In the first quarter, Blackstone Group’s (BX) private equity division garnered total revenues of $681.1 million, a substantial rise on a YoY basis.
What Impact Could Trade Wars Have on Brokerages?
Brokerages could see a negative impact from escalating trade wars between the United States and China in the long term.
What’s behind Mastercard’s Co-Brand Wins?
The economic and business environment prevailing in an economy affects the business fundamentals of payment processing giants like Visa (V) and Mastercard (MA).
What Analysts Have to Say about Prospect Capital
Of the five analysts covering Prospect Capital stock, one has recommended a “strong sell,” one has recommended a “sell,” and three have rated it a “hold.”
A Look at Prospect Capital’s Discounted Valuations
The PE ratio for Prospect Capital (PSEC) is 8.97x on an NTM (next-12-month) basis, which implies its discounted valuation.