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Stock Market & Financial Investment News

News Breaks
April 4, 2014
07:36 EDTAMTD, ETFC, SCHWE-brokers decline 'seems excessive,' says Wells Fargo
Wells Fargo believes that the decline in e-brokers E*TRADE Financial Corp.(ETFC), TD Ameritrade Holding Corp.(AMTD), and Charles Schwab Corporation (SCHW) "seems excessive." The firm believes the weakness was caused by concerns that the companies' payment for order flow, or PFOF, could be curtailed in the wake of the controversy over high frequency trading. Wells thinks these concerns are premature, as more data would be needed before PFOF could be banned. Wells keeps an Outperform rating on TD Ameritrade, and Market Perform ratings on Ameritrade and Charles Schwab.
News For ETFC;AMTD;SCHW From The Last 14 Days
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April 16, 2015
08:45 EDTSCHWCharles Schwab risk/reward compelling, says JMP Securities
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April 15, 2015
08:45 EDTSCHWCharles Schwab reports Q1 EPS 22c, consensus 24c
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April 14, 2015
16:32 EDTAMTDTD Ameritrade announces strategic relationship with Solium
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15:34 EDTSCHWNotable companies reporting before tomorrow's open
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10:01 EDTAMTDOn The Fly: Analyst Downgrade Summary
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06:19 EDTAMTDTD Ameritrade downgraded to Neutral from Buy at Citigroup
Citigroup downgraded TD Ameritrade to Neutral after lowering its estimates to reflect the company's leverage to the flattening of rates. It dropped its price target for shares to $39 from $40.
April 9, 2015
08:41 EDTETFCITG enters cooperation agreement with Philadelphia Financial, Voce Capital
ITG (ITG) announced that it has reached an agreement with shareholders Philadelphia Financial Management of San Francisco and Voce Capital Management and added a new independent member to its board of directors, Jarrett Lilien, former president and COO of E*TRADE Financial (ETFC). ITG has further agreed to conduct a search for a second additional independent board member, with input from Philadelphia Financial and Voce Capital. Lilien will join the board of directors' newly formed Capital Committee, which will review the Company's allocation and use of capital in and among its various businesses and geographies and make recommendations to the full Board regarding further capital optimization strategies. Philadelphia Capital and Voce Capital have committed to support all of the Board's nominees at ITG's annual meeting of shareholders.

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