TD Ameritrade Holding Corp

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

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.

TD Ameritrade Holding (AMTD) saw an increase in its total operating expenses for fiscal 3Q17 compared to fiscal 3Q16.

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

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 (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.

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.

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.

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

The iShares US Broker-Dealers ETF (IAI) invests 4.4% of its holdings in Raymond James.

E*TRADE Financial (ETFC) is expected to report earnings per share of $0.39 in the June quarter and $1.65 for 2016, reflecting strong growth. In 1Q16, E*TRADE beat EPS estimates of $0.33, reporting an adjusted EPS of $0.43.

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.

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

E*TRADE’s expenses rose by $16 million in 3Q15 compared to the previous quarter and $22 million compared to 3Q14.

Charles Schwab Bank’s expansion In 3Q15, Charles Schwab (SCHW) Bank’s balance sheet expanded to $128.7 billion, up 22% on a year-over-year basis. The bank’s net interest revenue led to an overall increase in net income. It reported net interest revenue of $635 million in 3Q15 as compared to $573 million in 3Q14. Charles Schwab doesn’t […]

Charles Schwab (SCHW) has seen an increase in its total expenses excluding interest expenses in 2Q17 as compared to 2Q16.

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

Charles Schwab (SCHW) stock has appreciated by 4% in 3Q15 on higher client accounts, new assets, and increasing trades.

Charles Schwab (SCHW) is expected to see subdued trades in 4Q16.

E*TRADE Financial (ETFC) reported DARTs of 165,122 during 1Q16. That was a decline of 3% from 1Q15 and a rise of 12% from 4Q15.

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.

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%.

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

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.

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

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.

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.

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.

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

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

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

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.

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