AMTD - TD Ameritrade Holding Corporation
| Previous Close | 38.15 |
| Open | 38.03 |
| Bid | 0.00 x 4000 |
| Ask | 0.00 x 800 |
| Day's Range | 37.83 - 38.83 |
| 52 Week Range | 32.69 - 57.88 |
| Volume | 3,597,344 |
| Avg. Volume | 4,420,290 |
| Market Cap | 21.255B |
| Beta (3Y Monthly) | 0.91 |
| PE Ratio (TTM) | 9.79 |
| EPS (TTM) | 3.96 |
| Earnings Date | Jan. 20, 2020 - Jan. 24, 2020 |
| Forward Dividend & Yield | 1.20 (3.15%) |
| Ex-Dividend Date | 2019-11-04 |
| 1y Target Est | 38.17 |
- Thomson Reuters StreetEvents
Edited Transcript of AMTD earnings conference call or presentation 22-Oct-19 12:30pm GMT
Q4 2019 TD Ameritrade Holding Corp Earnings Call
- Zacks
TD Ameritrade (AMTD) Q4 Earnings Beat, Trading Activity High
TD Ameritrade's (AMTD) Q4 fiscal 2019 (ending Sep 30) earnings performance highlights top-line strength, higher expenses and steady trading activity.
- ACCESSWIRE
TD Ameritrade Holding Corp. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / October 22, 2019 / TD Ameritrade Holding Corp. (NASDAQ: AMTD ) will be discussing their earnings results in their 2019 Fourth Quarter Earnings to be held on October 22, 2019 ...
- Zacks
TD Ameritrade (AMTD) Q4 Earnings and Revenues Top Estimates
TD Ameritrade (AMTD) delivered earnings and revenue surprises of 8.25% and 6.16%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
TD Ameritrade Reports Strong Fiscal Year 2019 Earnings
GAAP Diluted EPS $3.96; Non-GAAP Diluted EPS $4.13
- Zacks
What's in the Cards for TD Ameritrade (AMTD) in Q4 Earnings?
TD Ameritrade's (AMTD) fourth-quarter fiscal 2019 earnings are likely to have been affected by lower net interest income.
- Zacks
E*TRADE (ETFC) Q3 Earnings & Revenues Beat, Costs Flare Up
E*TRADE's (ETFC) Q3 performance displays a rise in non-interest income, a benefit to provision for loan losses and improved DARTs, partly muted by fall in net interest income and higher expenses.
- Yahoo Finance
Charles Schwab: 'People have to learn how to deal with the volatility of free markets'
Charles Schwab provides investing tips.
- Zacks
Interactive Brokers (IBKR) Q3 Earnings Down, Revenues Up Y/Y
Higher expenses hurt Interactive Brokers' (IBKR) Q3 earnings. However, increase in revenues offers some support.
- Zacks
Schwab (SCHW) Q3 Earnings & Revenues Beat, Expenses Rise
Amid lower interest rates, Schwab's (SCHW) Q3 earnings reflect rise in client assets and higher asset management fees.
- Business Wire
TD Ameritrade Research Finds Great Interest in the RIA Career Path, but a Lack of Awareness and Misinformation Hinder Access to Talent
Personal financial planning is a fulfilling, flexible, and financially rewarding career path – and one that is largely overlooked by job-seekers. To better understand the challenges RIAs face in attracting and developing new talent, TD Ameritrade Institutional surveyed more than 2,000 advisors, students, career-changers and university program directors to learn more about what current job seekers look for in a career and the recruiting headwinds RIAs may face. The research set out to measure the overall awareness, familiarity and sentiment of these key groups toward the RIA career path.
- Zacks
TD Ameritrade (AMTD) Earnings Expected to Grow: Should You Buy?
TD Ameritrade (AMTD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Yahoo Finance
How do brokerage firms make money: Yahoo U
Yahoo Finance's Brian Cheung explains how brokerage firms make money amid their recent move to cut commissions.
- Simply Wall St.
Why TD Ameritrade Holding Corporation (NASDAQ:AMTD) Could Be Worth Watching
TD Ameritrade Holding Corporation (NASDAQ:AMTD) saw significant share price movement during recent months on the...
- Bloomberg
Brokers Get ‘Relief’ as Fidelity Fee Match Eases Price War
(Bloomberg) -- Investors can “breathe a sigh of relief” as Fidelity Investments matched rivals instead of escalating a recent price war, according to Morgan Stanley.Shares of TD Ameritrade Holding Corp. rose as much as 2.8% in Thursday morning trading, while Charles Schwab Corp. gained 2.3% and E*Trade Financial Corp. climbed 3.4%. TD Ameritrade has plunged 29% in the past month, while Schwab and E*Trade have both tumbled 13%, as brokers gave up on commissions.“Product pricing is now in-line across e-brokers and Fidelity and removes a near-term overhang,” Morgan Stanley analyst Michael Cyprys wrote in a note. He flagged Fidelity leaving its contract fee on options at 65c per contract, and said, “fears around margin lending going to zero are well overdone.”Cyprys added that Fidelity highlighting its money fund sweep option, which pays a higher yield on customer cash balances than bank sweep offerings at Schwab, TD Ameritrade and E*Trade isn’t new. “They’ve been touting this for a while now, and concerns around this are already reflected in the price for Schwab,” he said.Read more: Schwab, E*Trade Fall as Fidelity Directs Cash to High YieldsFidelity said Thursday it will offer zero commissions for online buying and selling of U.S. stocks, exchange-traded funds and options, and also provide higher yields for cash balances and better trade execution. The move came after four major industry players rolled out commission-free stock and ETF trading:Interactive Brokers Group Inc. announced commission-free stock and ETF trading in late SeptemberSchwab and TD Ameritrade then slashed trading fees to zero on Oct. 1E*Trade joined its rivals and cut commissions to zero the next dayFidelity’s price cut may have other impacts as well, according to Bloomberg Intelligence analyst David Ritter:“Fidelity’s move to free online trades may spur Schwab to cease accepting payments for order flow (1% of net revenue), likely improving prices received by clients and enhancing its appeal. We think the company is also likely to default to higher interest-bearing options for customers’ cash balances.”Last week, Cyprys said that he saw a higher probability Fidelity would reduce prices after E*Trade, TD Ameritrade and Schwab slashed commissions to zero.Read more: Schwab Triggers Online-Broker Bloodbath as Price War Deepen(Updates share trading in second paragraph. Adds commentary from Bloomberg Intelligence in the penultimate paragraph.)To contact the reporter on this story: Felice Maranz in New York at fmaranz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Brad OlesenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Moody's Lowers E*TRADE, Schwab Outlook; Affirms TD Ameritrade
Moody's downgrades the outlook for E*TRADE Financial (ETFC) and Charles Schwab (SCHW), following fee cut announcement. The outlook for TD Ameritrade (AMTD) remains stable.
- Bloomberg
Central Banks Can't Create Negative Rates by Themselves
(Bloomberg Opinion) -- It’s been a decade since the worst financial crisis since the Great Depression, and yet here we are in a world where the highest government bond yield starts with the number “2.” Among the world’s major developed economies, only the English speaking countries – the U.S., U.K., Canada, New Zealand and Australia - still have monetary policy rates above zero. But there is more to low yields than monetary policy rates, and those factors are likely to stay in place for an extended period.The following table shows the highest interest rates culled from the 20 largest developed countries from the policy rate to the 30-year bond. Over 200 interest rates were considered and the only one to yield above 2% is the 30-year U.S. Treasury bond at 2.04%. Never has the highest yield among these countries been so low.Start with technology, whose effect has been to make companies more efficient and competitive on prices. So much so that core inflation is considered high if it reaches a 2% rate. Think about how smart phones have reduced the need to buy a separate camera or other devices, websites that make searching for a job or seeking qualified job candidates far more efficient, or the falling price of computing power enabling Charles Schwab Corp., E*Trade Financial Corp., and TD Ameritrade Holding Corp. to announce last week that they are eliminating commissions.Core inflation has been low and stable for 15 years and shows no signs of a secular acceleration anytime soon. Low rates of inflation mean interest rates should be in the low single digits. Without a serious return of developed world inflation, which has not been the case for almost 25 years, gone are the days of 4% to 6% yields without a crisis, like the one in Europe’s government debt market around 2012.Next is the global savings glut, a phrase coined by former Federal Reserve Chairman Ben S. Bernanke in 2005. As populations age, they have a propensity to save. This is shown by the following chart from the International Monetary Fund. Note that prior to 2005, the global saving rate was never above 24.5%. Since then, it’s only been lower during the panic of 2009. The rate equaled its record high of 26.7% in 2018. This works out to roughly $21 trillion saved every year. Since many seek to match the investments in their savings to their life expectancies, they tend buy bonds. The savings glut is leading to massive bond buying that is resulting in yields dropping below the inflation rate nearly everywhere in the developed world. How unusual is this? As the next chart shows, it is unprecedented in the last quarter century. Only two countries in the developed world have real 10-year yields above zero: Portugal and Italy. Everywhere else, older people are buying bonds and driving yields below the technology-inspired depression in the inflation rate. Demographics tells us the developed world is not running out of old people anytime soon. The savings glut will continue.The two factors above alone should be enough to make investors understand that the fair value for developed world yields now start with a “1” or “0,” but two other factors are driving yields even lower, and into negative territory.One is the global flight-to-quality. As the world economy slows, the natural reaction is to allocate into safe fixed-income securities. Look no further than last week’s reaction to the poor manufacturing data in the U.S. Bonds rallied and equities slid. Yes, flight-to-quality is a cyclical factor that is present when the concern is about a slowing world economy. So, expect this factor to come and go over time. Right now, though, it is “coming.” This flight-to-quality has created to much demand for bonds that the amount of negative yielding debt increased by $8 trillion this year to $14 trillion.Yes, central banks might reverse from their negative interest-rate policies, but that only means developed world rates, without a crisis, will only go up to 1% or maybe 2%. Every future downturn will add back in flight-to-quality buying and negative central bank rates, and down market rates will go again to zero or even lower.The secular outlook has changed and those applying the thinking from previous economic cycles about inflation and real yields conclude these low yields represent a bubble. They are not considering aging populations that are buying bonds and pushing yields below inflation rates driven lower by advances in technology. Add aggressive central banks willing to take monetary policy rates into negative territory and the standard rules that say bubble have not worked for almost a decade. Don’t expect this to change anytime soon.The most commonly asked question from U.S. investors is where they can find yield. Unfortunately, for those still hoping for a previous cycle to return, we have bad news, you have it now at 1%. Embrace it and be lucky U.S. yields are not negative - yet. To contact the author of this story: Jim Bianco at jimb@bloomberg.netTo contact the editor responsible for this story: Robert Burgess at bburgess@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Jim Bianco is the President and founder of Bianco Research, a provider of data-driven insights into the global economy and financial markets. He may have a stake in the areas he writes about.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Bloomberg
Robinhood Gives Banking Another Shot a Year After Botched Launch
(Bloomberg) -- Robinhood Markets Inc. is giving banking another shot, 10 months after its first attempt at a checking and savings product flamed out in spectacular fashion. On Tuesday, the company laid out a new feature, called Cash Management, which takes a more traditional regulatory approach than the startup’s last foray into bank accounts.The service will move customers’ uninvested cash from their Robinhood accounts into existing banks, which are already insured the through the Federal Deposit Insurance Corp. By working with established players, Robinhood will avoid a hurdle that flummoxed it last time, when it erroneously assumed that the Securities Investor Protection Corp. would cover the insurance on its planned checking product.Robinhood will offer customers a 2.05% interest rate on cash deposited through the program. That’s higher than many traditional banks, but in line with what a number of other financial technology startups currently offer. The product will not be immediately available on Tuesday, but Robinhood will open a waitlist for interested customers.The new product launch comes as competition intensifies around the startup’s core product of free stock trading. Just last week, Charles Schwab Corp. announced plans to eliminate commissions for trading U.S. stocks, exchange traded funds and options. While fees have been on a downward trajectory for some time, Schwab’s decision sent shock waves through the industry, and the move was quickly followed by E*Trade Financial Corp. and TD Ameritrade Holding Corp.“I think when you look at Schwab and E*Trade and these other brokerage houses, we’ve fundamentally changed the way that a lot of these businesses operate,” said Robinhood co-founder Baiju Bhatt. Now, with Cash Management, Robinhood is looking to diversify its offerings beyond the free trading that roiled the finance world. “This is one of the biggest features that we’re bringing to the Robinhood experience and app in quite a long time,” said Josh Elman, Robinhood’s vice president of product. Today when someone deposits money into a Robinhood account, all they’re able to do with it is trade stocks, cryptocurrencies and other investments, Elman said. With the new product, customers will also be able to earn interest on the money that’s sitting in an account, and make withdrawals or go shopping with a Robinhood debit card.The Cash Management service will be structured as a deposit sweep account, so called because it “sweeps” uninvested money into a separate program. Robinhood will generate revenue from the service through interchange fees via its debit cards, as well as some payments from the banks where it sends customer deposits, the company said.The product is a more modest advancement than the checking service Robinhood announced last year, which promised a virtually unheard-of 3% interest rate. But quickly after Robinhood unveiled its plans, the SIPC said it would likely not insure the product, and appeared taken by surprise at Robinhood’s suggestion that it would. “Had they called us, I would have told them what I just told you in that I have serious concerns about this,’’ Stephen Harbeck, then president and chief executive officer of SIPC, said in an interview at the time. Robinhood bailed on its plans to offer the checking and savings products just one day after announcing them.Last year, “we took the product down almost immediately and hit the reset button,” Bhatt said. But with the launch of Cash Management, “we’ve had a pretty thorough vetting process for this program, and we’ve been working with a lot of external parties,” he said, adding that the company is now working more closely with regulators.On Monday Robinhood announced the addition of a former U.S. Securities and Exchange Commission official to its board.To contact the author of this story: Julie Verhage in New York at jverhage2@bloomberg.netTo contact the editor responsible for this story: Anne VanderMey at avandermey@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Hasbro, Kohl's, Charles Schwab, E-Trade and TD Ameritrade highlighted as Zacks Bull and Bear of the Day
Hasbro, Kohl's, Charles Schwab, E-Trade and TD Ameritrade highlighted as Zacks Bull and Bear of the Day
- Zacks
The Death Of A Stockbroker
Free-trading across the board is great news for retail investors like us (unless you own one of these brokerage stocks).
- Business Wire
TD Ameritrade Investor Movement Index: IMX Inches Lower as Investors Reduce FAANG Stock Holdings
Retail investors decreased exposure to equity markets during September
- Business Wire
TD Ameritrade to Host Earnings Conference Call
TD Ameritrade Holding Corporation will hold its fiscal fourth quarter 2019 earnings conference call to take questions from analysts on Tuesday, October 22, 2019 at 8:30 a.m.
- Market Exclusive
Market Morning: Fed Repo Men, Free Trades, Cheese Hoarding, PayPal Bails on Libra
Repo Men At the Fed Extend Their Stay to November 4 The Federal Reserve is now extending its daily repurchase operations in the overnight loan markets until November 4. The previous end was called for October 4, but the banking system needs ever more liquidity. The so-called repo markets are overnight agreements to buy Treasuries […]The post Market Morning: Fed Repo Men, Free Trades, Cheese Hoarding, PayPal Bails on Libra appeared first on Market Exclusive.
