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Stock Market & Financial Investment News

News Breaks
April 4, 2014
10:39 EDTETFC, AMTDE-Trade, TD Ameritrade continue sell-off amid concerns
Shares of brokerage firms E-Trade (ETFC) and TD Ameritrade (AMTD) are dropping significantly for a second straight day amid concerns that regulators will look to eliminate one of the companies' more profitable businesses. But two research firms defended the stocks in notes to investors earlier today. WHAT'S NEW: According to Reuters, the decline in the brokerage firms was triggered by concerns that regulators will end a highly profitable business they conduct known as "payment-for-order-flow." The term refers to payments that E-Trade and TD Ameritrade receive from professional trading firms, in exchange for hundreds of thousands of orders that the brokerages send to the trading firms. A controversial and widely discussed new book mentions payment for order flows, which is also known as PFO. Meanwhile, an SEC commissioner on Wednesday said the agency should consider temporarily banning a similar type of payment, the news service reported. ANALYST REACTION: In a note to investors before the market opened today, Wells Fargo wrote that the weakness in the stocks is being caused by concerns over payment for order flows. The payments could account for 15% of TD Ameritrade's profits and 21% of E-Trade profits, Wells stated. Nevertheless, the firm thinks the decline in the stocks seem excessive. Before banning the payments, regulators will need to study data and determine that retail investors are being significantly harmed by the practice, the firm contended. It kept an Outperform rating on TD Ameritrade and a Market Perform rating on E-Trade. Also taking an upbeat view of the stocks was research firm Sterne Agee. Both stocks already reflect a "fairly high likelihood" that PFO will be banned, but such a ban is far from certain, the firm contended in a note to investors before the market opened. Meanwhile, both companies' earnings would be boosted if interest rates rise, the firm contended. Sterne Agee keeps a Buy rating on E-Trade and a Neutral rating on TD Ameritrade. PRICE ACTION: In early trading, E-Trade fell 3% to $21.50, while TD Ameritrade dropped 2.3% to $31.30.
News For ETFC;AMTD From The Last 14 Days
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October 22, 2014
08:20 EDTETFCE-Trade guidance conservative, says Wells Fargo
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07:36 EDTAMTDFederal Reserve Bank of New York to hold a conference
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October 21, 2014
16:15 EDTETFCE-Trade reports Q3 DARTs of 153,000, down 1% sequentially
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16:14 EDTETFCE-Trade reports Q3 EPS 29c, consensus 22c
Reports Q3 revenue $440M, consensus $424.93M.
15:30 EDTETFCNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Yahoo! (YHOO), consensus 30c; ACE (ACE), consensus $2.34; Discover Financial (DFS), consensus $1.34; Pinnacle Financial (PNFP), consensus 51c; Broadcom (BRCM), consensus 84c; Intuitive Surgical (ISRG), consensus $3.80; FMC Technologies (FTI), consensus 74c; Robert Half International (RHI), consensus 58c; E-Trade (ETFC), consensus 22c; Nabors Industries (NBR), consensus 36c; Waste Connections (WCN), consensus 54c; Cubist Pharmaceuticals (CBST), consensus 4c; Sonic (SONC), consensus 34c; American Campus Communities (ACC), consensus 43c; Cree (CREE), consensus 36c; Fulton Financial (FULT), consensus 20c; Costamare (CMRE), consensus 41c; Hawaiian Holdings (HA), consensus 78c; Ethan Allen (ETH), consensus 36c; Sabra Health (SBRA), consensus 55c; Rush Enterprises (RUSHA), consensus 51c.
11:15 EDTAMTDHigh option volume stocks
High option volume stocks: DBA TUP CRI FCG TWC PLL ACM XRS RAI AMTD
October 20, 2014
06:33 EDTETFCE-Trade upgraded to Conviction Buy from Buy at Goldman
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06:33 EDTAMTDTD Ameritrade upgraded to Buy from Neutral at Goldman
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October 14, 2014
08:36 EDTAMTDADP announces new business relationship with TD Ameritrade
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07:59 EDTETFC, AMTDSchwab, Ameritrade look 'deeply undervalued,' says Deutsche Bank
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October 13, 2014
10:26 EDTAMTDHigh option volume stocks
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