Vanguard Financials ETF
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Fintech Startups Grabbed a Larger Share of US Personal Loans
The total spending on Visa’s (V) network rose 11% to $2.1 trillion in the second quarter—slightly better than analysts’ estimates of $2.09 trillion.
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.
Trading Revenues Boosted Banks’ Second-Quarter Earnings
The top five US banks’ trading revenues rose 10% in the second quarter to over $20 billion—compared to $18.55 billion in the same period last year.
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.
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%.
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%.
Retail Can Add More Assets to BlackRock’s AUM in Q2
BlackRock’s Retail segment manages $638.4 billion in assets, which comprises 10.0% of the company’s total AUM.
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.
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.
Banks Might Benefit from the Improving Loan-to-Deposit Ratio
The LDR ratio for the largest US banks—JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and U.S. Bancorp—rose in the first quarter.
US Banks Might Boost Payouts after Clearing the Stress Test
Big US banks (VFH) have cleared the Fed’s latest stress test. The test measures banks’ ability to withstand an economic crisis.
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.
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.
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.
Big US Banks Continued to Report Robust Earnings
Morgan Stanley reported an EPS of $1.45 in 1Q18—compared to expectations of $1.25. Morgan Stanley’s revenue was $11.1 billion.
BlackRock’s Retail Could Add Flows to Debt, Multi-Asset Funds
BlackRock’s (BLK) Retail segment saw a reversal of fund flows in 1Q17, and it increased throughout the year.
How BlackRock Is Augmenting Its Operating Margins
BlackRock (BLK) is targeting economies of scale amid higher technology investments and improved operating efficiencies.
Why Wall Street Is Long on BlackRock Post-Rout
Wall Street analysts are expecting a limited upside for asset managers (VFH) as well as broader indexes in 2018.
Will the US Dollar and Inventories Impact Crude Oil Futures?
March US crude oil (DBO) (UWT) futures contracts increased 1.8% to $65.61 per barrel on January 24, 2018.
What Imparts Transparency to Digital Assets?
Digital assets based on DLT (distributed ledger technology) allows users to initiate and verify their own transactions without any central authority such as banks.
Blockchain and Bitcoin: But What Else Is Blockchain Used For?
Deutsche Bank is planning to use blockchain technology in currency settlement, trade processing, and derivative contracts.
BlackRock’s Valuations Stable amid Strong Operating Performance
BlackRock is currently trading at a forward price-to-earnings ratio of 17.6x, compared with the industry average of 18.6x.
BlackRock and Competitors Look at Strong 1Q18 Numbers
Among the major asset managers, BlackRock (BLK) is expected to post sequential and year-over-year growth in earnings per share to $6.38 in 1Q18 and $6.83 in 2Q18.
Wall Street Analysts Long on Asset Managers in 2018
Analysts gave BlackRock a price target of $614.92 on a next-12-month basis.
BlackRock Shareholder Payouts Rise amid Strong Growth
BlackRock’s (BLK) board approved a 15.0% increase in quarterly dividends to $2.88 payable in March 2018.
Trump Administration’s Reforms to Benefit BlackRock and Industry
BlackRock managed assets worth ~$1.9 trillion on December 31, 2017, compared with ~$1.6 trillion during the previous year.
BlackRock’s Retail Is Adding Assets at a Fast Pace toward Debt
BlackRock’s (BLK) Retail division attracted $11.0 billion in new flows in 4Q17, compared to outflows of $2.0 billion in 4Q16.
Will Crude Oil Futures and Wall Street Extend Their Rally?
February WTI crude oil futures contracts rose 0.34% to $64.52 per barrel at 12:05 AM EST on January 16, 2018. It’s the highest level since December 2014.
BlackRock’s Institutional Assets Preferring Debt in Medium Term
BlackRock (BLK) continues to attract most of its funds from institutional clients, which form 56% of its total assets under management.
How Premium Are BlackRock’s Premium Valuations Going into 2018?
BlackRock’s (BLK) outperformance, estimate beats, and new assets have helped the company command premium valuations.
Wall Street Rates BlackRock High in the Industry for 2018
Asset managers (VFH) have had “buy” to “hold” ratings in recent months since equities are expected to be upbeat in the next few quarters.
Why Leon Cooperman Is Optimistic about Citigroup
Leon Cooperman is optimistic about both the financial sector (XLF) and the technology sector (XLK).
Why Investors Continue to Pay a Premium for BlackRock
BlackRock commands a premium over industry peers and alternative asset managers due to its strong performance across the regions and offerings.
Why Morgan Stanley Is Overweight on the Financial Sector
Mike Wilson of Morgan Stanley is overweight on the financial and technology sectors. He believes these sectors will benefit the most from tax reform.
What’s Boosted Simon Property Group’s Dividend Yield
Revenue and earnings In this part, we’ll look at Simon Property Group (SPG). Engaged in real estate investment around the world, this retail REIT saw its revenue growth slow from 8% in 2015 to 3% in 2016. Whereas its minimum rent has risen since 2014, its overage rent, tenant reimbursements, and management fees fell in 2016. Simon […]
Berkshire Hathaway’s Largest Sector Holdings in 2Q17
Warren Buffett’s Berkshire Hathaway (BRK.B) invested heavily in the financial sector (XLF) in 2Q17. The sector represented about 33.0% of the firm’s portfolio in 2Q17.
How Did the Financial Sector Perform in 2H17?
The financial sector showed a strong performance in the first half of 2017.
What Drove the Financial Sector’s Performance in July 2017?
The financial sector (XLF) showed a stronger performance in July 2017.
Why BlackRock Continues to Command Premium Valuations
BlackRock (BLK) continues to command a premium valuation on stable and strong inflows, the performance of funds, global asset allocation, and consistent earnings.
What Goldman Sachs Thinks about Visa
Visa has provided a strong return so far this year. On a year-to-date basis, it returned nearly 24.2% as of July 14, 2017.
Which Sectors Could Post Strong Earnings Growth in 2Q17?
In 2Q17, Goldman Sachs thinks that the technology sector’s (XLK) earnings growth will be impressive, followed by the financial sector (XLF) (VFH).
Why BlackRock Is Bracing for Subdued Equity Performance
On March 31, 2017, BlackRock was managing a record $3.1 trillion—about 56% of the company’s total AUM—in its Institutional Clients division.
Where BlackRock’s Valuations Are Rising Today
BlackRock continues to command a premium valuation among other traditional and alternative asset managers—thanks to its diversified offerings.
BlackRock on the Street: Analyst Ratings, Macro Concerns
So far in June 2017, ten of the 14 analysts covering BlackRock (BLK) have rated the stock as a “strong buy” or “buy.” Four analysts have rated it as “hold.”
What Are Mario Gabelli’s Top Financial Picks?
Mario Gabelli shared some of his top investment picks in a recent interview.
How Are Fallen Angel Bond Sectors Looking Now?
VanEck How the fallen angel sector exposure has made a difference The volume of fallen angel bonds in the market is increased primarily by deteriorating fundamentals of individual investment-grade bond issuers and by economic events that have weakened entire industry sectors (as seen in early 2016 in the energy sector with the aftermath of the […]
Financial Sector Could Be Biggest Gainer if Rates Rise
The Fed’s more hawkish tone is one of the major reasons behind the rising expectations for the financial sector.
What Analysts’ Ratings Suggest about Schwab’s Performance in 2017
As of March 2017, 17 out of the 20 analysts covering the stock, or 85%, have rated it as a “buy” or a “strong buy,” and three analysts have rated it as a “hold.”
Schwab’s Advisor Services Adding Assets on Advisory Platforms
Through its Advisor Services segment, Charles Schwab (SCHW) is adding clients and assets in the areas of retirement and wealth management solutions.
Does Dodd-Frank Act Need to Be Changed?
Barack Obama signed the Dodd-Frank Act into federal law in 2010.
BlackRock iShares Expected to Garner Assets on Equities in 4Q16
BlackRock’s iShares have shown growth for the past few years on diversified, global offerings backed by low costs and technology. It manages ~$1.3 trillion.
BlackRock Is Benefiting PNC Financial’s Non-Interest Income
PNC Financial’s non-interest income for 3Q16 rose $167 billion compared to 3Q15. Sequentially, the company’s income rose $8 million.
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.
Institutional Segment Continues to Be Major Segment for BlackRock
BlackRock (BLK) manages total assets of $2.9 trillion as of September 30, 2016, for its institutional investors.
Broad Market Appreciation Helped T. Rowe’s Assets in 3Q16
T. Rowe Price (TROW) posted growth of $36.3 billion in its AUM (assets under management) in 3Q16, totaling $812.9 billion.
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.
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.
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.
BlackRock’s iShares Regains Number One Spot on New Assets in 3Q16
BlackRock’s (BLK) iShares saw strong rebound in 3Q16, with the division regaining its number one position for new assets in and outside of the US.
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.
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.
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%.