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Company & Industry OverviewsJPMorgan Chase Sweetens Sapphire Reward Offers
In an effort to retain existing customers and add new customers, JPMorgan Chase (JPM) has sweetened the offerings for its Sapphire accounts.
Company & Industry OverviewsJPMorgan 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.
Company & Industry OverviewsOnline 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.
Earnings ReportWhat 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.
Earnings ReportHow Interactive Brokers Group Is Valued after Q2 Results
The primary reason for Interactive Brokers Group’s premium valuation is its strong second-quarter results.
Earnings ReportWhy Interactive Brokers Group’s Commissions Fell
In the second quarter, Interactive Brokers Group (IBKR) saw daily average revenue trades (or DARTs) of 797,000.
Earnings ReportInteractive 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.
Earnings ReportTD 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.
Earnings ReportE*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.
Earnings ReportHow 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.
Earnings ReportHow 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.
Earnings ReportWhy 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.
Earnings ReportCharles 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%.
Earnings ReportHigher 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%.
Earnings ReportInteractive 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.
Earnings ReportCharles 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.
Earnings ReportAnalysts Are Mixed on Interactive Brokers Group in July
In July, Interactive Brokers had two “strong buy” ratings out of six analysts tracking the stock.
Earnings ReportA 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.
Earnings ReportWhat 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.
Earnings ReportHow 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.
Earnings ReportInteractive 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.
Earnings ReportWhat’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.
Earnings ReportCan 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%.
Earnings ReportWhy Analysts Love Charles Schwab
In July, Charles Schwab (SCHW) got six “hold” ratings and one “sell” rating of the 20 analysts covering the stock.
Earnings ReportA Look at Charles Schwab’s Valuations
Charles Schwab (SCHW) has a PE ratio of 18.99x on an NTM (next-12-month) basis.
Earnings ReportCharles Schwab’s Asset Management and Administration Fees
In the first quarter, Schwab (SCHW) generated total asset management and administration fees of $851 million.
Earnings ReportWhat 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.
Earnings ReportWhat 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.
Earnings ReportWhat’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.
Company & Industry OverviewsHow 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%.
Company & Industry OverviewsCould 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.
Company & Industry OverviewsBrokerages in 2018: What to Expect
The final week of the second quarter might help brokerages, primarily because of higher client participation.
Company & Industry OverviewsHow Could Trade Wars Impact Bond Yields?
The primary reason for investors’ preference for safer instruments is highly unstable global factors.
Company & Industry OverviewsWhat 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.
FinancialsWhat 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.
FinancialsWhat’s Next for the Brokerage Industry?
E*TRADE Financial Corporation (ETFC) saw a marginal sequential rise of 1.0% in its May DARTs.
FinancialsA Look at E*TRADE’s Valuations
E*TRADE Financial’s EV-to-EBITDA multiple is ~40.8x on an LTM (last-12-months) basis.
FinancialsFactors 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.
FinancialsWhat 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.
Company & Industry OverviewsE*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).
Company & Industry OverviewsCharles 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.
Company & Industry OverviewsETFC’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.
Company & Industry OverviewsWhat Could Attract Investors to Interactive Brokers
Market participants tend to prefer digital tools to execute trades because of lower costs and faster execution.
Company & Industry OverviewsCould Interactive Brokers Impress Market Participants in Q2?
We’re almost halfway through the current year, and market dynamics seem to have supported brokerages (VFH).
Company & Industry OverviewsHow 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.
Company & Industry OverviewsWhy 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.
Company & Industry OverviewsTD 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.”
Company & Industry OverviewsWhat 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.
Company & Industry OverviewsTD Ameritrade Stock: Important Factors to Watch
TD Ameritrade’s (AMTD) performance will likely depend on the economic and political factors prevailing in the economy.
Company & Industry OverviewsWhat 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.
Company & Industry OverviewsTD 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.
Company & Industry OverviewsWhat 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.
Company & Industry OverviewsAnalysts 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.”
Company & Industry OverviewsWhat 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).
Company & Industry OverviewsInside 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.
Company & Industry OverviewsHow 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.
Company & Industry OverviewsWhat’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.
Company & Industry OverviewsWord 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.
Company & Industry OverviewsE*TRADE’s Valuations Compared to Its Peers
E*TRADE Financial’s (ETFC) price-to-earnings ratio is ~17.1x.
Company & Industry OverviewsWhat Could Boost E*TRADE Financial in 2018?
In the first quarter, E*TRADE’s average commission per trade stood at $7.27.
Company & Industry OverviewsFactors 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.
Company & Industry OverviewsE*TRADE Financial: Expected Revenues, Additional ETFs
Wall Street analysts gave a high estimate of E*TRADE’s revenues of $716.0 million and a low estimate of $693.0 million for the second quarter.
Company & Industry OverviewsE*TRADE Financial: Client Participation and Advancements Are Key
E*TRADE Financial (ETFC) reported 60,000 net new brokerage accounts in the first quarter.
Company & Industry OverviewsA 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.
Company & Industry OverviewsE*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.
Company & Industry OverviewsWhat Lies Ahead for Charles Schwab after the Strong Quarter
So far, the earnings season has been strong, with many companies beating analysts’ expectations.
Company & Industry OverviewsWhat’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.
Earnings ReportUnderstanding the Increase in E*TRADE’s Total Revenues in 1Q18
E*TRADE’s revenues from commissions totaled $137.0 million in 1Q18.
Earnings ReportE*TRADE Financial: What Are Analysts Saying?
Of the 17 analysts that track E*TRADE (ETFC), six gave the stock “buy” ratings, two analysts recommended a “hold,” and nine analysts suggested a “strong buy.”
Earnings ReportE*TRADE Financial’s Valuations after Its 1Q18 Results
E*TRADE (ETFC) has a price-to-book ratio of ~2.2x on an NTM (next-12-months) basis, reflecting its premium valuations.
Earnings ReportE*TRADE’s 1Q18 Results Exceed Expectations
E*TRADE (EFTC) reported revenues of $708.0 million in 1Q18, which exceeded analysts’ predictions by ~$33.4 million.
Earnings ReportAnalyzing 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.
Earnings ReportWhat Helped TD Ameritrade in Fiscal 2Q18
In fiscal 2Q18, TD Ameritrade’s (AMTD) revenue was primarily helped by increased market volatility.
Earnings ReportHow 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.
Earnings ReportInteractive Brokers Group’s Lower Valuations: Can It Recover?
Interactive Brokers Group’s (IBKR) EV-to-EBITDA ratio stood at ~19.3x on an NTM basis, which indicates that the company has discounted valuations.
Earnings ReportCharles 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.
Earnings ReportWhat to Expect from Interactive Brokers in 1Q18
Interactive Brokers Group (IBKR) is expected to report its 1Q18 earnings on April 17, 2018.
Earnings ReportWhat Could Drive Interactive Brokers’ Growth Moving Forward?
Interactive Brokers Group (IBKR) is expected to benefit from the Federal Reserve’s rate hikes.
Earnings ReportHow 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.
Company & Industry OverviewsAnalyzing Wall Street’s Views on E*TRADE Financial
E*TRADE Financial Corporation (ETFC) is covered by 16 analysts in March 2018, of which nine are suggesting a “strong buy” and two have given “hold” ratings.
Company & Industry OverviewsWhat 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.
Company & Industry OverviewsE*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.
Company & Industry OverviewsWhat’s behind the Rise in E*TRADE’s Non-Interest Expenses?
E*TRADE Financial Corporation (ETFC) incurred total non-interest expenses amounting to $1.47 billion in 2017, which implies an increase of 17% YoY (year-over-year).
Company & Industry OverviewsWhat 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).
Company & Industry OverviewsE*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.
Company & Industry OverviewsE*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.
Company & Industry OverviewsE*TRADE’s Views on the Fed Meeting and Expectations
As expected, the Federal Reserve raised interest rates by 0.25% in March, marking the first increase of 2018.
Company & Industry OverviewsHow 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.
Company & Industry OverviewsE*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.
Company & Industry OverviewsE*TRADE in 1Q18: Expected Earnings per Share and Revenues
Wall Street analysts have given a high estimate of $0.82 for 1Q18 earnings per share or EPS from E*TRADE.
Company & Industry OverviewsA 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).
Company & Industry OverviewsCharles 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.
Company & Industry OverviewsWhat’s Expected from Charles Schwab in 1Q18?
According to Wall Street analysts, Charles Schwab (SCHW) is expected to post EPS (earnings per share) of $0.53 in 1Q18.
Earnings ReportHow Analysts View E*TRADE Financial in February 2018
E*TRADE Financial Corporation (ETFC) is covered by 16 analysts in February 2018. Of these analysts, nine suggested a “strong buy” and three gave “hold” ratings on ETFC.
Earnings ReportWhat’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.
Earnings ReportUnderstanding E*TRADE’s Total Net Revenues
E*TRADE Financial Corporation (ETFC) reported total net revenues in 4Q17 of $637.0 million compared to $509.0 million in 4Q16.
Earnings ReportHow E*TRADE Plans to Improve Businesses in 2018
On February 7, 2017, E*TRADE’s enterprise value stood at ~$13.7 billion.
Earnings ReportE*TRADE’s Survey Results: What Do Investors Expect in 2018?
Around 80% of the investors surveyed by E*TRADE expect that the market could see upward momentum in 1Q18.
Earnings ReportE*TRADE’s 4Q17 Earnings and Revenues Beat Estimates
E*TRADE (ETFC) reported 4Q17 earnings per share of $0.64, exceeding analyst estimates by $0.03. On December 31, 2017, E*TRADE’s customer margin balances stood at $9.1 billion.