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Stock Market & Financial Investment News

News Breaks
April 3, 2014
11:08 EDTAMTD, ETFC, SCHWCharles Schwab says HFT a 'growing cancer' that needs to be addressed
In a statement on The Charles Schwab Corporation website, the company made the following statement in part on high-frequency trading: "Schwab serves millions of investors and has been observing the development of high-frequency trading practices over the last few years with great concern. As we noted in an opinion piece in the Wall Street Journal last summer, high-frequency trading has run amok and is corrupting our capital market system by creating an unleveled playing field for individual investors and driving the wrong incentives for our commodity and equities exchanges. The primary principle behind our markets has always been that no one should carry an unfair advantage. That simple but fundamental principle is being broken." Publicly traded companies in the space include Charles Schwab (SCHW ), E-Trade (ETFC) and TD Ameritrade (AMTD). .Reference Link
News For SCHW;ETFC;AMTD From The Last 14 Days
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May 6, 2015
10:03 EDTAMTDOn The Fly: Analyst Downgrade Summary
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10:03 EDTSCHWOn The Fly: Analyst Upgrade Summary
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08:25 EDTSCHWCharles Schwab upgraded to Buy at BofA/Merrill
As previously reported, BofA/Merrill upgraded Charles Schwab to Buy from Neutral. The firm believes Schwab could see significant upside from rising rates and margins, which could create a strategic opportunity to lower pricing in order to gain market share. BofA/Merrill said Schwab has higher relative growth and less pressure from competition than peers, given its lower percentage of commission earnings, and and raised its price target to $36 from $34 on the stock.
08:19 EDTAMTDTD Ameritrade downgraded at BofA/Merrill
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06:57 EDTSCHWCharles Schwab upgraded to Buy from Neutral at BofA/Merrill
06:57 EDTAMTDTD Ameritrade downgraded to Neutral from Buy at BofA/Merrill
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May 1, 2015
09:01 EDTSCHWCharles Schwab statement on money market fund reform
The company says "As a leader in money market fund reform, Charles Schwab Investment Management is committed to providing all investors with as much clarity as possible on the impact and implications of the money market fund reform issued by the Securities and Exchange Commission in July, 2014. We have spent significant time reviewing the amendments and listening to our investors' preferences. We want to assure our retail and institutional shareholders that we will continue to offer a variety of investment options and a robust product lineup that includes Prime, Municipal and Government money market funds. Specifically, retail investors will continue to have access to a lineup of Schwab Prime, Municipal and Government money market funds with a CNAV.2 For those no longer eligible for our CNAV Prime and Municipal money market funds under the new money market fund reform amendments, we plan to make floating NAV money funds available. At this time, our Board of Trustees has elected not to implement liquidity fees or redemption gates on Schwab Government money market funds."
07:17 EDTAMTDGabelli to hold a trip
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April 23, 2015
16:21 EDTETFCE-Trade reports Q1 EPS 29c, consensus 24c
Reports Q1 revenue $456M, consensus $445.34M. Reports Daily Average Revenue Trades of 170,000, provision for loan losses of $5M, net new brokerage accounts of 39,000 and net new brokerage assets of $3.5B.
09:26 EDTSCHWCharles Schwab to hold a webcast
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