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Macroeconomic AnalysisFintech 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.
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.
FinancialsTrading 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.
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 ReportBlackRock’s Diversified Offerings Can Benefit from Rate Hikes
In the first quarter, BlackRock managed ~$1.9 trillion in fixed income offerings, up from ~$1.6 trillion in the first quarter of 2017.
Earnings ReportRetail 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.
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 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.
FinancialsBanks 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.
FinancialsUS 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.
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.
FinancialsWells Fargo Isn’t Out of the Woods
Wells Fargo discovered that employees in its wholesale unit altered information related to customers’ records without the company’s knowledge.
FinancialsBig 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.
FinancialsLarge US Banks’ Earnings Topped Analysts’ Expectations
JPMorgan Chase (JPM) reported an EPS (earnings per share) of $2.37 in 1Q18—compared to the consensus estimate of $2.28.
Earnings ReportBlackRock’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.
Company & Industry OverviewsHow BlackRock Is Augmenting Its Operating Margins
BlackRock (BLK) is targeting economies of scale amid higher technology investments and improved operating efficiencies.
Company & Industry OverviewsAsset Managers to See Growth on Diversified Offerings in 1Q18
The recent fall in stocks globally is expected to put some pressure on asset managers’ (VFH) operating performances in 1Q18.
Company & Industry OverviewsInterest Rate Expectations Have Jolted Equity and Debt Alike
Asset managers (VFH) are seeking stability in order to attract funds toward either equity or debt offerings.
FinancialsWhy 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.
Company & Industry OverviewsBlackRock’s Valuations following the Decline in Global Equities
BlackRock (BLK) stock has risen 27.6% over the past six months and 39.0% over the past year.
Energy & UtilitiesWill 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.
Real InsightsWhat 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.
Real InsightsBlockchain 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.
Company & Industry OverviewsBlackRock’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.
Company & Industry OverviewsBlackRock 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.
FinancialsWall Street Analysts Long on Asset Managers in 2018
Analysts gave BlackRock a price target of $614.92 on a next-12-month basis.
Company & Industry OverviewsBlackRock 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.
Company & Industry OverviewsTrump 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.
Company & Industry OverviewsBlackRock’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.
MiscellaneousWill 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.
Company & Industry OverviewsBlackRock’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.
Company & Industry OverviewsHow 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.
FinancialsWall 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.
FinancialsWhy Leon Cooperman Is Optimistic about Citigroup
Leon Cooperman is optimistic about both the financial sector (XLF) and the technology sector (XLK).
Earnings ReportWhy 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.
Company & Industry OverviewsWhy BlackRock Is Trading at a Premium in 2017
Translating into pricing BlackRock (BLK) commands a premium valuation in the asset management industry, mainly due to its stable and strong inflow, diversified offerings, global asset allocation, fund growth, and consistent earnings. The company is now trading at a forward PE (price-to-earnings) ratio of 17.9x, compared with the industry average of 14.5x. Overall, BlackRock’s valuation has improved in recent weeks, with […]
Fund ManagersWhy 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.
Real EstateWhat’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 […]
FinancialsBerkshire 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.
FinancialsHow Did the Financial Sector Perform in 2H17?
The financial sector showed a strong performance in the first half of 2017.
FinancialsWhat Drove the Financial Sector’s Performance in July 2017?
The financial sector (XLF) showed a stronger performance in July 2017.
Company & Industry OverviewsWhy 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.
Fund ManagersWhat 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.
Fund ManagersWhich 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).
Company & Industry OverviewsWhy 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.
Company & Industry OverviewsWhere 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.
MiscellaneousBlackRock 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.”
Fund ManagersWhat Are Mario Gabelli’s Top Financial Picks?
Mario Gabelli shared some of his top investment picks in a recent interview.
Real InsightsHow 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 […]
Fund ManagersGoldman Sachs: Financial Sector Could See Strong Growth
Goldman Sachs (GS) believes the delay in policy reform might continue in the near future.
Earnings ReportBlackRock Institutional Prefers Fixed-Income Offerings
BlackRock (BLK) managed ~$2.9 trillion for its institutional clients on December 31, 2016. These assets made up 57% of the company’s total managed assets.
Company & Industry OverviewsFinancial 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.
MiscellaneousWhat 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.”
Company & Industry OverviewsSchwab’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.
Company & Industry OverviewsHyman Bullish on Financials, Investors Upbeat about Rate Hike
Trump’s domestic growth-friendly policies Returns have been surging for the financial sector (XLF) (VFH) as the market expects to benefit from the Trump administration’s projected policies. Markets are highly confident with the expectation of more rate hikes, for example, and of widespread deregulation. Banks’ earnings have thus been getting a huge boost, and the market has been […]
Company & Industry OverviewsDoes Dodd-Frank Act Need to Be Changed?
Barack Obama signed the Dodd-Frank Act into federal law in 2010.
Earnings ReportBNY Mellon’s Capital Ratios and Liquidity Position Improved in 4Q16
Bank of New York Mellon’s (BK) Tier 1 Capital ratio was 14.5% compared to 13.6% recorded at the end of its previous quarter.
Earnings ReportSchwab Expected to See Subdued Trades in 4Q16
Charles Schwab (SCHW) is expected to see subdued trades in 4Q16.