TD Ameritrade Holding Corp
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.
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.
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.
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.
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.”
How TD Ameritrade Performed in Fiscal 2Q18
TD Ameritrade (AMTD) reported earnings per share of $0.73 in fiscal 2Q18, missing analysts’ estimate by $0.01.
Charles Schwab’s Net Revenues Rose in 1Q18
Charles Schwab (SCHW) generated total net revenues amounting to $2.4 billion in 1Q18 compared to $2.1 billion in 1Q17.
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.
What’s behind E*TRADE’s Lower Valuations?
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.
What Helped TD Ameritrade in Fiscal 2Q18
In fiscal 2Q18, TD Ameritrade’s (AMTD) revenue was primarily helped by increased market volatility.
How Did Raymond James Perform in a Competitive Market?
The iShares US Broker-Dealers ETF (IAI) invests 4.4% of its holdings in Raymond James.
How E*TRADE is Expected to Post Strong Growth in 2016
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 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.
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.
E*TRADE’s Expenses Are Expected to Rise in 2016
E*TRADE’s expenses rose by $16 million in 3Q15 compared to the previous quarter and $22 million compared to 3Q14.
Charles Schwab Bank Expanded, Supported Brokerage Services in 3Q15
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 […]
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.
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.
Charles Schwab Stock Appreciated in 3Q15 on New Accounts, Assets
Charles Schwab (SCHW) stock has appreciated by 4% in 3Q15 on higher client accounts, new assets, and increasing trades.
Schwab Expected to See Subdued Trades in 4Q16
Charles Schwab (SCHW) is expected to see subdued trades in 4Q16.
E*TRADE DARTS Rise in 2016 on Volatility, Product Offerings
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.
Is E-Trade the Best Online Broker for Beginners?
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.
Online Brokers Fell on JPMorgan’s ‘You Invest’ Free Service News
Shares of online brokerages were hit hard this morning after CNBC reported that JPMorgan Chase is launching a new digital investment app.
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.
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.
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.
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.
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.
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.
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.
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 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%.
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.
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 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 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.
What’s Next for the Brokerage Industry?
E*TRADE Financial Corporation (ETFC) saw a marginal sequential rise of 1.0% in its May DARTs.
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.
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.
This Move by TD Ameritrade Could Attract Investors’ Attention
At the end of May, TD Ameritrade (AMTD) developed Personalized Portfolios, which provides investors with the ability to customize their investments.
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.
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).
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.
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.
What Could Attract Investors to Interactive Brokers
Market participants tend to prefer digital tools to execute trades because of lower costs and faster execution.
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).
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.
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.
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.”
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.
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.
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.
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.
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.
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.”
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).
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.
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.
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.
Word on Wall Street: 53% of Analysts Give E*TRADE a ‘Strong Buy’
Nine analysts suggested a “strong buy” for ETFC, and two gave “hold” ratings.
E*TRADE’s Valuations Compared to Its Peers
E*TRADE Financial’s (ETFC) price-to-earnings ratio is ~17.1x.
Factors that Could Impact E*TRADE in Q2 2018
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.
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.
E*TRADE Financial Corp.’s April DARTs Soar 28% YoY
E*TRADE Financial (ETFC), one of the leading brokerage companies, just reported very strong metrics for April 2018.
What Lies Ahead for Charles Schwab after the Strong Quarter
So far, the earnings season has been strong, with many companies beating analysts’ expectations.
What’s Boosted Charles Schwab?
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.
What to Expect from Interactive Brokers in 1Q18
Interactive Brokers Group (IBKR) is expected to report its 1Q18 earnings on April 17, 2018.
What Could Drive Interactive Brokers’ Growth Moving Forward?
Interactive Brokers Group (IBKR) is expected to benefit from the Federal Reserve’s rate hikes.
How Interactive Brokers Group’s Total Net Revenues Are Trending
Interactive Brokers Group (IBKR) earned total net revenues of $1.7 billion in 2017 compared to $1.4 billion in 2016.
What Could Help E*TRADE Financial Revive Discounted Valuations
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.
E*TRADE’s February Numbers: Daily Average Revenue Trades
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.
What Led to the Rise in E*TRADE’s Net Revenues?
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: Focus on International Stocks
E*TRADE Financial Corporation (ETFC) reported strong results in 4Q17, beating analysts’ expectations on earnings per share or EPS and reporting $0.64.
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.
A Look at Charles Schwab’s Total Net Revenue
Charles Schwab (SCHW) generated total net revenue of $8.6 billion in 2017, reflecting a 15% rise YoY (year-over-year).
How E*TRADE Financial Could Benefit from Rate Hikes in 2018
At the March 2018 meeting, the Federal Reserve announced a rate hike of 25 basis points, as market participants had expected.
Charles Schwab: What’s Behind the Fed’s Hawkish Tone?
Charles Schwab (SCHW) managed to beat earnings estimates in three out of four quarters in 2017.
E*TRADE’s Response to TD Ameritrade’s 24-Hour Trading
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.
What Charles Schwab Has to Say about Tariffs
Charles Schwab (SCHW) is of the view that investors shouldn’t stop thinking about global exposure despite tariffs on steel and aluminum.