TD Ameritrade Holding Corp

Latest TD Ameritrade Holding Corp News and Updates

  • uploads///Valuations
    Earnings Report

    TD Ameritrade’s Valuation Falls alongside the Industry

    Historically, TD Ameritrade traded at a discount to its peers because of average operating margins. The sector’s valuations fell in the recent past.

    By Robert Karr
  • uploads///Bank
    Company & Industry Overviews

    Schwab’s Banking Operation Has More Assets, High Interest Income

    Charles Schwab’s (SCHW) banking operations have seen strong growth over the past few quarters on accumulation of assets, expanding balance sheet, and interest income.

    By Robert Karr
  • uploads///AMTD and comp EBITDA margin
    Company & Industry Overviews

    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.

    By Raymond Anderson
  • uploads///Expenses
    Company & Industry Overviews

    Schwab Is Targeting Strong Operating Margins in 2017

    Charles Schwab (SCHW) has improved its operating margins on improved interest income, administration fees, asset management fees, and new assets.

    By Robert Karr
  • uploads///analysts
    Earnings Report

    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.”

    By Raymond Anderson
  • uploads///Rel Val
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///Estimates
    Company & Industry Overviews

    TD Ameritrade Stock Rises 25% in One Quarter on Assets, Acquisition

    TD Ameritrade has seen a weaker performance than other brokerage giants. It posted EPS of $0.35 in fiscal 4Q16, missing analyst estimates of $0.38.

    By Robert Karr
  • uploads///New Assets
    Macroeconomic Analysis

    Could TD Ameritrade’s Client Assets Stay at December Levels?

    For the institutional channel, TD Ameritrade had its second-best quarter ever in terms of net new client assets but fell year-over-year.

    By Robert Karr
  • uploads///SCHW and comp market cap
    Company & Industry Overviews

    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.

    By Raymond Anderson
  • uploads///DARTs
    Company & Industry Overviews

    E*TRADE’s Daily Average Revenue Trades Are Consolidating

    E*TRADE (ETFC) reported DARTs (daily average revenue trades) of $170,000 during the quarter—an increase of 1% from the prior quarter.

    By Robert Karr
  • uploads///Feature Image
    Company & Industry Overviews

    JPMorgan Launches the Highly Anticipated You Invest Platform

    JPMorgan Chase (JPM) has launched its much-awaited free digital investment platform—You Invest—with 100 free online trades for customers.

    By Anirudha Bhagat
  • uploads///analysts
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///rel val
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///DARTs
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///ibkr post
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///AMTD post
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///analysts
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///rel val
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///asset mngmt rev
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///TCA
    Earnings Report

    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%.

    By Raymond Anderson
  • uploads///etfc post
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///schw post
    Earnings Report

    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%.

    By Raymond Anderson
  • uploads///IBKR post
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///schw post
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///analysts
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///Rel Val
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///comm
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///DARTs
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///TR
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///ibkr
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///etfc pre
    Earnings Report

    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%.

    By Raymond Anderson
  • uploads///AMTD
    Company & Industry Overviews

    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.

    By Raymond Anderson
  • uploads///analysts
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///rel val
    Earnings Report

    A Look at Charles Schwab’s Valuations

    Charles Schwab (SCHW) has a PE ratio of 18.99x on an NTM (next-12-month) basis.

    By Raymond Anderson
  • uploads///asset man
    Earnings Report

    Charles Schwab’s Asset Management and Administration Fees

    In the first quarter, Schwab (SCHW) generated total asset management and administration fees of $851 million.

    By Raymond Anderson
  • uploads///Trad
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///TCA
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///schw
    Earnings Report

    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.

    By Raymond Anderson
  • uploads///ibkr
    Company & Industry Overviews

    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%.

    By Raymond Anderson
  • uploads///analysts
    Company & Industry Overviews

    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.

    By Raymond Anderson
  • uploads///ibkr EPS
    Company & Industry Overviews

    Brokerages in 2018: What to Expect

    The final week of the second quarter might help brokerages, primarily because of higher client participation.

    By Raymond Anderson
  • uploads///AMTD TCA
    Company & Industry Overviews

    How Could Trade Wars Impact Bond Yields?

    The primary reason for investors’ preference for safer instruments is highly unstable global factors.

    By Raymond Anderson
  • uploads///broker
    Company & Industry Overviews

    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.

    By Raymond Anderson
  • uploads///analysts
    Financials

    What Factors Affect Analysts’ Views of the Brokerage Industry?

    In June, six analysts recommended a “hold” for Charles Schwab (SCHW). Eight gave “strong buy” ratings, and one recommended a “sell.

    By Raymond Anderson
  • uploads///market cap
    Financials

    What’s Next for the Brokerage Industry?

    E*TRADE Financial Corporation (ETFC) saw a marginal sequential rise of 1.0% in its May DARTs.

    By Raymond Anderson
  • uploads///rel val
    Financials

    A Look at E*TRADE’s Valuations

    E*TRADE Financial’s EV-to-EBITDA multiple is ~40.8x on an LTM (last-12-months) basis.

    By Raymond Anderson
  • uploads///Net int
    Financials

    Factors Driving Performance for E*TRADE and Charles Schwab

    Charles Schwab (SCHW) has witnessed an increasing trend in its net interest income during the past few quarters.

    By Raymond Anderson
  • uploads///schw ind
    Financials

    What Digitization Means for the Brokerage Industry

    Brokerage firms Charles Schwab, E*TRADE, and TD Ameritrade have beta values of ~1.7, ~1.2, and ~1.4, respectively.

    By Raymond Anderson
  • uploads///etfc
    Company & Industry Overviews

    E*TRADE Financial’s Daily Average Revenue Trades Rose in May

    After lower volatility in April, the markets were again volatile in May, which boosted brokerages’ (VFH) daily average revenue trades (or DARTs).

    By Raymond Anderson
  • uploads///entrepreneur idea competence vision
    Company & Industry Overviews

    Charles Schwab Reports Strong Numbers for May

    Charles Schwab (SCHW) is expected to report strong numbers in the second quarter mainly due to supportive macro fundamentals.

    By Raymond Anderson
  • uploads///etfc
    Company & Industry Overviews

    ETFC’s StreetWise Results: Investors’ Take on the Economy

    On June 11, E*TRADE Financial released results from a study on investor sentiment about the June Fed meeting and the overall economy.

    By Raymond Anderson
  • uploads///IBKR margin loans
    Company & Industry Overviews

    What Could Attract Investors to Interactive Brokers

    Market participants tend to prefer digital tools to execute trades because of lower costs and faster execution.

    By Raymond Anderson
  • uploads///IBKR regions
    Company & Industry Overviews

    Could Interactive Brokers Impress Market Participants in Q2?

    We’re almost halfway through the current year, and market dynamics seem to have supported brokerages (VFH).

    By Raymond Anderson
  • uploads///ibkr
    Company & Industry Overviews

    How Technology Is Helping Interactive Brokers Group

    On June 6, Interactive Brokers (IBKR) attended the Sandler O’Neill Global Exchange and Brokerage Conference, where it shared company insights.

    By Raymond Anderson
  • uploads///ibkr
    Company & Industry Overviews

    Why Interactive Brokers Group’s Daily Average Revenue Trades Fell

    In the second quarter, Interactive Broker Group is expected to witness a drop in its commission revenues sequentially due to a fall in its DARTs.

    By Raymond Anderson
  • uploads///analysts
    Company & Industry Overviews

    TD Ameritrade Stock: Analysts’ Recommendations

    For TD Ameritrade, six analysts recommend a “hold,” one recommends a “strong sell,” five recommend a “buy,” and seven recommend a “strong buy.”

    By Raymond Anderson
  • uploads///rel val
    Company & Industry Overviews

    What Are TD Ameritrade’s Valuations?

    TD Ameritrade’s (AMTD) PE ratio stood at 16.68x on a next 12-month basis, which implies discounted valuations.

    By Raymond Anderson
  • uploads///ev
    Company & Industry Overviews

    TD Ameritrade Stock: Important Factors to Watch

    TD Ameritrade’s (AMTD) performance will likely depend on the economic and political factors prevailing in the economy.

    By Raymond Anderson
  • uploads///exp rev
    Company & Industry Overviews

    What Does the Third Quarter Hold for TD Ameritrade?

    TD Ameritrade (AMTD) is expected to report an EPS of $0.8 in the fiscal third quarter, which ends in June.

    By Raymond Anderson
  • uploads///mar cap
    Company & Industry Overviews

    TD Ameritrade: How Digital Tools Are Helping

    TD Ameritrade (AMTD) operates in a very competitive industry. The company needs to retain its clients in order to experience long-term growth.

    By Raymond Anderson
  • uploads///amtd
    Company & Industry Overviews

    What Drove TD Ameritrade’s Second-Quarter Performance?

    TD Ameritrade (AMTD) benefited from clients’ higher trading activities in the second quarter, which ended on March 31.

    By Raymond Anderson
  • uploads///analysts
    Company & Industry Overviews

    Analysts Have Mixed Views on Interactive Brokers

    Of the six analysts covering Interactive Brokers (IBKR), two recommend “strong buy,” two recommend “hold,” and two recommend “strong sell.”

    By Raymond Anderson
  • uploads///EPS
    Company & Industry Overviews

    What Could Affect Interactive Brokers Group in Q2?

    In the first quarter, Interactive Brokers (IBKR) exceeded analysts’ EPS and revenue expectations, like peers (VFH) Charles Schwab (SCHW) and E*TRADE Financial (ETFC).

    By Raymond Anderson
  • uploads///rel val
    Company & Industry Overviews

    Inside Interactive Brokers’ Premium Valuation

    Interactive Brokers (IBKR) has an NTM (next-12-month) PE ratio of 32.7x, which is higher than peers’ average of 18.5x.

    By Raymond Anderson
  • uploads///ibkr
    Company & Industry Overviews

    What’s Been Driving Brokerages?

    Interactive Brokers (IBKR) drew market participants’ attention in the first quarter, primarily because of expectations of higher interest rates and strong volatility.

    By Raymond Anderson
  • uploads///beta
    Company & Industry Overviews

    How Interactive Brokers’ April Numbers Could Affect Its Q2

    In the first quarter, trade tensions and interest rate hike expectations made equity markets volatile, resulting in brokerages’ (VFH) customers trading more and boosting brokerages’ revenue.

    By Raymond Anderson
  • uploads///schw
    Company & Industry Overviews

    A Look at Charles Schwab’s April Metrics

    On May 14, Charles Schwab (SCHW) released its April metrics. Let’s look at how the brokerage did.

    By Raymond Anderson
  • uploads///EBITDA
    Company & Industry Overviews

    E*TRADE’s Views on the New Tariffs

    Since President Trump has levied tariffs on aluminum and steel imports, they might lead to a trade war if the affected countries take the same road, as China did.

    By Raymond Anderson
  • uploads///FCF
    Company & Industry Overviews

    TD Ameritrade Converted Scottrade Brokerage Accounts

    TD Ameritrade Holding (AMTD) announced on February 28, 2018, that it has converted the brokerage accounts of Scottrade.

    By Raymond Anderson
  • uploads///Analysts
    Company & Industry Overviews

    What Analysts Are Saying about TD Ameritrade

    TD Ameritrade Holding (AMTD) is tracked by 19 analysts in March 2018. Eight of them are suggesting a “hold” for the stock.

    By Raymond Anderson
  • uploads///Rel Val
    Company & Industry Overviews

    Analyzing TD Ameritrade’s Premium Valuations

    The PE ratio of TD Ameritrade Holding (AMTD) was 17.14x on an NTM (next-12-month) basis, which represents a premium valuation.

    By Raymond Anderson
  • uploads///Peers
    Company & Industry Overviews

    Raymond James Financial Compared to Its Peers

    Raymond James Financial (RJF) generated a return of 4.8% in the last three months and 17.6% in the last year.

    By Raina Brown
  • uploads///Analyst
    Company & Industry Overviews

    Analysts ‘Neutral’ to ‘Positive’ on Raymond James Financial

    Analysts covering Raymond James Financials (RJF) have given RJF a mean price target of $109.14, implying a 15.7% rise from its current level of $94.30.

    By Raina Brown
  • uploads///analysts
    Earnings Report

    Analysts’ Post-1Q18 Views on TD Ameritrade

    Ratings for AMTD Of the 19 analysts covering TD Ameritrade (AMTD), seven have recommended “strong buy,” three have recommended “buy,” eight have recommended “hold,” and one has recommended “strong sell” in January 2018. In December 2017, six analysts recommended “strong buy,” three recommended “buy,” nine recommended “hold,” and one recommended “strong sell.” There were no “sell” recommendations. […]

    By Raymond Anderson
  • uploads///Rel Val
    Earnings Report

    What Could Improve TD Ameritrade’s Valuation

    Lower valuation TD Ameritrade (AMTD) has an NTM (next-12-month) PE (price-to-earnings) ratio of 18.4x, trading at a discount to peers’ average of 20.1x. Peers Financial Engines (FNGN), Raymond James Financial (RJF), and CBOE Global Markets (CBOE) have NTM PE ratios of 17.7x, 14.3x, and 28.3x, respectively. TD Ameritrade could recover from its discounted valuation with quarterly payouts and […]

    By Raymond Anderson
  • uploads///beta
    Earnings Report

    TD Ameritrade Reports Strong Results, Beats Revenue Estimates

    In 1Q18, TD Ameritrade (AMTD) reported strong results, with EPS (earnings per share) of $0.52—in line with Wall Street analysts’ estimates.

    By Raymond Anderson
  • uploads///E trade and comp expecetd revenues sept
    Company & Industry Overviews

    Behind E*TRADE’s Net Interest Income Increase in 2Q17

    E*TRADE’s (ETFC) net interest income rose from $286 million in 2Q16 to $356 million in 2Q17.

    By Raymond Anderson
  • uploads///AMTD and comp net margin
    Company & Industry Overviews

    TD Ameritrade Witnessed Rise in Fee-Based Revenues

    TD Ameritrade Holding (AMTD) witnessed a substantial rise in its investment product fee-related revenues in fiscal 3Q17 compared to fiscal 3Q16.

    By Raymond Anderson
  • uploads///SCHW and comp market cap
    Company & Industry Overviews

    What to Expect from Charles Schwab’s Dividends in 2017

    Charles Schwab (SCHW) declared total dividends of $0.27 per share in 2016.

    By Raymond Anderson
  • uploads///AMTD and comp expected EBITDA
    Company & Industry Overviews

    TD Ameritrade Saw Strong Growth in Net New Client Assets

    TD Ameritrade Holding (AMTD) has reported EPS (earnings per share) of $0.44 for fiscal 3Q17, thus beating analysts’ estimate of $0.41. The beat was mainly due to strong trading volumes.

    By Raymond Anderson
  • uploads///Part
    Macroeconomic Analysis

    How to Read Traders’ Activities Using the COT Report

    The Commitment of Traders (or COT) report is categorized into four categories: producers or users, swap dealers, managed money, and other reportable.

    By Ricky Cove
  • uploads///Bank
    Macroeconomic Analysis

    Schwab’s and E*TRADE’s Banking Models Are Complementary

    In the first nine months of 2016, Charles Schwab (SCHW) added 55,000 new accounts to make a total of 1,088,000 accounts.

    By Robert Karr
  • uploads///Advisor services
    Company & Industry Overviews

    Charles Schwab Managed New Assets in Advisor Services

    Charles Schwab’s (SCHW) Advisory Services segment had total assets of ~$1.4 trillion as of November 30, 2016. It was an 8.0% rise on a year-over-year basis.

    By Robert Karr
  • uploads///Valuations
    Company & Industry Overviews

    TD Ameritrade 2017 Outlook Based on Asset Gains, Retirement

    TD Ameritrade’s stock has risen 10% in the past year and 25% over the past three months on rising assets, investment products, and inorganic expansion.

    By Robert Karr
  • uploads///Valuations
    Company & Industry Overviews

    Charles Schwab Stock and Valuations Rose on 3Q Performance

    Charles Schwab’s (SCHW) stock has risen 23% during the past three months, mainly due to higher assets, strong operating performance, and improving broad markets.

    By Robert Karr
  • uploads///Bank
    Company & Industry Overviews

    Charles Schwab’s Bank Generating Strong Returns on Deposits

    In the first nine months of fiscal 2016, Charles Schwab (SCHW) added 55,000 new accounts to 1,088,000 total accounts.

    By Robert Karr
  • uploads///DAT and commission
    Company & Industry Overviews

    Charles Schwab’s Asset Management and Average Trades Rose in 3Q

    Charles Schwab’s (SCHW) daily average trades rose to 543,000 in 3Q16 as compared to 518,000 in the previous quarter and 537,000 in 3Q15.

    By Robert Karr
  • uploads///NII
    Company & Industry Overviews

    E*TRADE Bank Saw Continued Expansion, Supported Broking

    E*TRADE’s bank offers its clients FDIC insurance on a certain amount of deposits. It deploys funds primarily in low-risk securities.

    By Robert Karr
  • uploads///DARTs
    Company & Industry Overviews

    E*TRADE Saw Subdued DARTs amid Mixed Volatility in 3Q16

    E*TRADE Financial reported DARTs (daily average revenue trades) of ~151,905 during 3Q16. It included 6,500 DARTs from the OptionsHouse acquisition.

    By Robert Karr
  • uploads///Expenses
    Earnings Report

    TD Ameritrade Spends on Compensation, Promotions

    TD Ameritrade’s expenses have risen over the past couple of quarters because it has spent heavily on advertisements and marketing for luring in new assets.

    By Robert Karr
  • uploads///Investment product
    Earnings Report

    TD Ameritrade’s Investment Products Ride on Mutual Funds

    TD Ameritrade (AMTD) has seen an expansion of its Investment Products division driven by investments in mutual funds and investment options.

    By Robert Karr
  • uploads///Net interest income
    Earnings Report

    Assets, Rates to Have Pushed E*TRADE’s Bank Revenues Higher in 3Q16

    E*TRADE Financial (ETFC) operates the federally chartered savings bank E*TRADE Bank. This structure has been deployed by many major brokers in the US.

    By Robert Karr
  • uploads///DARTs
    Earnings Report

    How Volatility Affects E*TRADE’s DARTs

    E*TRADE Financial reported DARTs (daily average revenue trades) of ~153,000 in 2Q16. The company’s DARTs fell 8% from the previous quarter and rose 2% YoY.

    By Robert Karr
  • uploads///Advisor services
    Earnings Report

    Schwab’s Advisor Services to Rise in 3Q16 on Assets, Appreciation

    Charles Schwab’s (SCHW) Advisor Services segment had total client assets of $1.2 trillion on June 30, 2016, forming 46% of the company’s total client assets.

    By Robert Karr
  • uploads///Expenses and margins
    Company & Industry Overviews

    Charles Schwab Sees Record Margins on Interest, Expense

    Charles Schwab (SCHW) reported a strong pre-tax margin of 39.4% in 2Q16, as compared to 36.2% in 2Q15. For 1H16, the company has reported a 38.3% margin.

    By Robert Karr
  • uploads///Bank
    Company & Industry Overviews

    Charles Schwab Bank Expands on Assets, Products in 2016

    In 1H16, Charles Schwab (SCHW) added 13,000 new accounts—a YoY rise of 6%. In 2Q16, the bank’s balance sheet expanded to $153.9 billion—a YoY rise of 26%.

    By Robert Karr
  • Materials

    Why Has the JPMorgan Large-Cap Growth Fund Done so Poorly in 2016?

    The JPMorgan Large-Cap Growth Fund Class A (OLGAX) has dived by 3.9% YTD in 2016. This decline makes it the worst performer among our 12 funds.

    By David Ashworth
  • uploads///Expenses
    Earnings Report

    TD Ameritrade’s Lower Ad Spending in Fiscal 3Q16 Led to Higher Margins

    TD Ameritrade’s expenses fell by $13 million in fiscal 3Q16 compared to fiscal 2Q16, and they rose by $21 million compared to fiscal 3Q15.

    By Robert Karr
  • uploads///Spread based
    Earnings Report

    TD Ameritrade’s Spread-Based Revenue Rise on IDA in Fiscal 3Q16

    TD Ameritrade’s (AMTD) spread-based revenue rose by 3% to $377 million, led by insured deposit accounts and partially offset by a decline in stock lending.

    By Robert Karr
  • uploads///Investment product
    Earnings Report

    Investment Products Contribution Rises for TD Ameritrade in Fiscal 3Q16

    TD Ameritrade’s (AMTD) Investment Products division’s revenue rose by 12% to $96 million in fiscal 3Q16, compared to the same quarter in the previous year.

    By Robert Karr
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