TD Ameritrade Holding Corp

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

Shares of online brokerages were hit hard this morning after CNBC reported that JPMorgan Chase is launching a new digital investment app.

Proprietary trading firms and hedge funds formed 4% of Interactive Brokers Group’s (IBKR) total accounts in the second quarter.

The primary reason for Interactive Brokers Group’s premium valuation is its strong second-quarter results.

In the second quarter, Interactive Brokers Group (IBKR) saw daily average revenue trades (or DARTs) of 797,000.

Interactive Brokers Group (IBKR) posted net revenues of $445 million in the second quarter, a rise of 14.9% on a YoY basis.

TD Ameritrade (AMTD) released its third fiscal quarter results on July 23. The company posted an EPS of $0.89, which exceeded analysts’ expectations.

E*TRADE Financial posted second-quarter EPS of $0.95, which beat Wall Street estimates by $0.07.

After second-quarter earnings, Charles Schwab (SCHW) has “strong buy” ratings from seven analysts and a “sell” rating from one analyst.

Technological investments, competitive commission rates, and acquisitions are expected to drive the brokerage industry moving forward.

Asset management and administration fees contributed $814 million, or 32.7%, of Charles Schwab’s (SCHW) net revenues 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%.

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%.

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 (SCHW) reported its second-quarter results on July 17. The company posted an EPS of $0.60, which exceeded analysts’ estimates.

In July, Interactive Brokers had two “strong buy” ratings out of six analysts tracking the stock.

The PE ratio of Interactive Brokers Group (IBKR) is 26.17x on an NTM (next-12-month) basis.

In the second quarter, Interactive Brokers Group (IBKR) is expected to generate fees and commissions income of $195 million.

Interactive Brokers Group (IBKR) saw DARTs of 797,000 in the second quarter, which implies a sequential fall.

In the second quarter, Interactive Brokers Group (IBKR) is expected to report net interest income of $255.1 million.

Interactive Brokers Group (IBKR) is expected to report its Q2 2018 earnings on July 17. It’s expected to have lower commissions.

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%.

On July 11, JJ Kinahan of TD Ameritrade Holding (AMTD) stated his views on the rising US-China trade tensions.

In July, Charles Schwab (SCHW) got six “hold” ratings and one “sell” rating of the 20 analysts covering the stock.

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

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

Moving forward, the markets could see higher volatility, mainly due to prevailing trade tensions that are disrupting global trade.

Charles Schwab’s net interest income is largely influenced by interest-earning assets and interest rates.

On July 17, Charles Schwab (SCHW) is expected to post its second-quarter earnings. Analysts expect it to report EPS of $0.58.

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%.

Over the long term, trade wars could negatively impact investors’ views on equities, primarily due to the risks they carry.

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

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

Brokerages could see a negative impact from escalating trade wars between the United States and China in the long term.

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

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

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

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

At the end of May, TD Ameritrade (AMTD) developed Personalized Portfolios, which provides investors with the ability to customize their investments.

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

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

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

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

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

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

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

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.

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

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

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

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

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

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

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

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

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

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.

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

Nine analysts suggested a “strong buy” for ETFC, and two gave “hold” ratings.

E*TRADE Financial’s (ETFC) price-to-earnings ratio is ~17.1x.

Wall Street analysts gave an average estimate on E*TRADE’s earnings per share for the second quarter of $0.87, reflecting a year-over-year increase.

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

E*TRADE Financial (ETFC), one of the leading brokerage companies, just reported very strong metrics for April 2018.

So far, the earnings season has been strong, with many companies beating analysts’ expectations.

Charles Schwab’s 1Q18 earnings per share and revenue exceeded analysts’ estimates. Let’s look at what’s expected for the rest of the year.

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.”

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.

In fiscal 2Q18, TD Ameritrade’s (AMTD) revenue was primarily helped by increased market volatility.

TD Ameritrade (AMTD) reported earnings per share of $0.73 in fiscal 2Q18, missing analysts’ estimate by $0.01.

Charles Schwab (SCHW) generated total net revenues amounting to $2.4 billion in 1Q18 compared to $2.1 billion in 1Q17.

Interactive Brokers Group (IBKR) is expected to report its 1Q18 earnings on April 17, 2018.

Interactive Brokers Group (IBKR) is expected to benefit from the Federal Reserve’s rate hikes.

Interactive Brokers Group (IBKR) earned total net revenues of $1.7 billion in 2017 compared to $1.4 billion in 2016.

E*TRADE Financial Corporation’s (ETFC) price-to-earnings ratio on an NTM (next-12-month) basis stood at 16.21x, implying that its discounted valuations as an average of its peers’ stood at 23.17x.

On March 14, 2018, E*TRADE Financial Corporation (ETFC) reported its metrics for February 2018. The company witnessed daily average revenue trades or DARTs of 330,121 in February 2018.

E*TRADE Financial Corporation (ETFC) generated $2.36 billion in total net revenues in 2017, reflecting a 22% rise YoY (year-over-year).

E*TRADE Financial Corporation (ETFC) reported strong results in 4Q17, beating analysts’ expectations on earnings per share or EPS and reporting $0.64.

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.

At the March 2018 meeting, the Federal Reserve announced a rate hike of 25 basis points, as market participants had expected.

On February 20, E*TRADE Financial Corporation (ETFC) announced that its customers would now be able to trade in the markets 24 hours a day.

Wall Street analysts have given a high estimate of $0.82 for 1Q18 earnings per share or EPS from E*TRADE.

Charles Schwab (SCHW) generated total net revenue of $8.6 billion in 2017, reflecting a 15% rise YoY (year-over-year).

Charles Schwab (SCHW) managed to beat earnings estimates in three out of four quarters in 2017.

Charles Schwab (SCHW) is of the view that investors shouldn’t stop thinking about global exposure despite tariffs on steel and aluminum.

According to Wall Street analysts, Charles Schwab (SCHW) is expected to post EPS (earnings per share) of $0.53 in 1Q18.

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

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

According to a TD Ameritrade survey, 76% of investors believe that getting proper knowledge regarding investing techniques is helpful.

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

TD Ameritrade Holding (AMTD) conducted a survey that revealed that many Americans are unaware of the impact of the new US tax law.

TD Ameritrade Holding (AMTD) is expected to report EPS of $0.67 in fiscal 2Q18, which is in line with expectations.

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

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.

Raymond James Financial (RJF) announced a dividend of $0.25 per share for 1Q18 from $0.22 in 3Q16. The dividend yield stands at 1.1%.

Raymond James Financial’s (RJF) non-interest expenses increased 10% on a YoY (year-over-year) basis to $1.4 billion.

Raymond James Financial’s (RJF) Private Client Group reported fiscal 1Q18 revenues of $1.2 billion, a 19% rise over fiscal 1Q17 and a 5% rise over 4Q17.

Raymond James Financial’s (RJF) fiscal 1Q18 net revenues of $216.7 million were 7% lower than 1Q17 and 18% lower than 4Q17.

Wall Street analysts gave a one-year target on E*TRADE Financial of $62.25, reflecting an ~18.1% increase from the current price of $52.70.

On February 7, 2017, E*TRADE’s enterprise value stood at ~$13.7 billion.