Investment Brokerage – National

(SEIC) SEI Investments Rewards Shareholders

Proceeding with its strategy of consistently enhancing shareholder value, SEI Investments Co. (SEIC) announced new capital deployment plans. Apart from raising its semi-annual dividend, the company also increased its share repurchase...

26Sep2013 | | Comments Off on (SEIC) SEI Investments Rewards Shareholders | Continued

(SCHW) Schwab’s April Daily Average Trades Rise Year Over Year

In its monthly market activity report for Apr 2013, The Charles Schwab Corporation (SCHW) reported Daily Average Trades (DATs) of 470,000. The DATs were up 2% from 458,900 in the year-ago month but down 3% from 486,000 in the prior...

4Jun2013 | | Comments Off on (SCHW) Schwab’s April Daily Average Trades Rise Year Over Year | Continued

(AMTD) TD Ameritrade Holding’s DARTs Rise

TD Ameritrade Holding Corporation (AMTD) – an online brokerage firm – reported higher U.S. trades in its Activity Report for the month of Apr 2013. Moreover, on a year-over-year basis, the U.S. trades were up 4%.

Daily...

23May2013 | | Comments Off on (AMTD) TD Ameritrade Holding’s DARTs Rise | Continued

(SCHW) Schwab Sues Banks in LIBOR Rigging

Bloomberg reported that Charles Schwab Corporation (SCHW) has a filed a lawsuit against global banks including Bank of America Corporation (BAC) over charges of rigging...

16May2013 | | Comments Off on (SCHW) Schwab Sues Banks in LIBOR Rigging | Continued

(IBKR) Interactive Brokers Group’s April Data Improves

Interactive Brokers Group, Inc. (IBKR) Electronic Brokerage segment witnessed a year-over-year improvement in brokerage metrics for Apr 2013. The segment clears and settles trade globally for both individual and institutional clients.

Total...

14May2013 | | Comments Off on (IBKR) Interactive Brokers Group’s April Data Improves | Continued

(IBKR) Interactive Brokers Group Earnings and Revenues Lag

Interactive Brokers Group, Inc.’s (IBKR) first-quarter 2013 earnings of 14 cents per share missed the Zacks Consensus Estimate by 2 cents. This also compares unfavorably with the year-ago quarter’s earnings of 27 cents.

The...

27Apr2013 | | Comments Off on (IBKR) Interactive Brokers Group Earnings and Revenues Lag | Continued

(AMTD) TD Ameritrade Holding Beats Earnings Estimates

TD Ameritrade Holding Corporation (AMTD) reported its fiscal second-quarter 2013 (ended Mar 31, 2013) net income of 26 cents per share, marginally beating the Zacks Consensus Estimate of 24 cents. Net income also surpassed the prior-year...

27Apr2013 | | Comments Off on (AMTD) TD Ameritrade Holding Beats Earnings Estimates | Continued

(SCHW) Charles Schwab Corporation Misses Slightly on Earnings

Charles Schwab Corporation’s (SCHW) first-quarter 2013 earnings of 15 cents per share missed the Zacks Consensus Estimate by a penny. This was in line with the year-ago quarter earnings.

Marginally lower-than-expected results...

21Apr2013 | | Comments Off on (SCHW) Charles Schwab Corporation Misses Slightly on Earnings | Continued

(AMTD) TD Ameritrade’s November Metrics Up

TD Ameritrade Holding Corporation (AMTD) – an online brokerage firm – reported a 3% rise in average U.S. trades in its Activity Report for the month of November 2012. However, the U.S. trades declined 10% on a year-over-year...

18Dec2012 | | Comments Off on (AMTD) TD Ameritrade’s November Metrics Up | Continued

(SCHW) Charles Schwab Reiterated at Neutral

We have reaffirmed our long-term ‘Neutral’ recommendation on Charles Schwab Corporation (SCHW), based on its third quarter results, synergies from the acquisitions and a stable capital position. However, we remain concerned about...

7Dec2012 | | Comments Off on (SCHW) Charles Schwab Reiterated at Neutral | Continued

(ETFC) E*TRADE Financial’s October DARTs Slump

The online brokerage firm, E*TRADE Financial Corporation (ETFC), reported a slump in Daily Average Revenue Trades (DARTs) in October. According to the monthly market activity report for October, E*TRADE’s DARTs were 124,246, declining...

3Dec2012 | | Comments Off on (ETFC) E*TRADE Financial’s October DARTs Slump | Continued

(ETFC) E*TRADE Financial Prices Senior Notes

On Tuesday, New York-based online brokerage firm, E*TRADE Financial Corporation (ETFC) announced the pricing of senior notes worth $1.3 billion. This particular step reflects the company’s efforts to refinance costlier debt.

The...

24Nov2012 | | Comments Off on (ETFC) E*TRADE Financial Prices Senior Notes | Continued

(AMTD) TD Ameritrade’s August DARTs Slide

On Tuesday, TD Ameritrade Holding Corporation (AMTD) – an online brokerage firm – reported a fall in Daily Average Revenue Trades (DARTs) for the month of August 2012. The company’s DARTs stood at 303,000 in the reported month,...

5Oct2012 | | Comments Off on (AMTD) TD Ameritrade’s August DARTs Slide | Continued

(SCHW) Charles Schwab Cuts Down ETF Fees

The Charles Schwab Corporation (SCHW) has announced a massive fee diminution on 15 of its exchange-traded funds (ETFs). The fee reduction catapults the company’s position in the ETF market as the one with the lowest operating expense...

24Sep2012 | | Comments Off on (SCHW) Charles Schwab Cuts Down ETF Fees | Continued

(NMR) Nomura Holdings to Cut Jobs

According to Reuters, Japan’s largest brokerage house — Nomura Holdings Inc. (NMR) — is moving ahead with the implementation of its cost-cutting strategies. The company plans to let go hundreds of employees, particularly...

17Sep2012 | | Comments Off on (NMR) Nomura Holdings to Cut Jobs | Continued

(SCHW) The Charles Schwab Corporation Prices Exchange Offer

The Charles Schwab Corporation (SCHW) has declared the pricing terms of an earlier announced exchange offer. The offer involves replacement of outstanding 4.950% old senior notes (maturing in 2014) with 3.225% new senior notes (maturing...

27Aug2012 | | Comments Off on (SCHW) The Charles Schwab Corporation Prices Exchange Offer | Continued

(SCHW) Charles Schwab Corporation to Redeem Trust Preferred Securities

On Tuesday, The Charles Schwab Corporation (SCHW) became the latest bank to announce the redemption of trust preferred securities (TruPS). Schwab stated that it would redeem all the Fixed to Floating Rate TruPS issued by the Schwab...

22Aug2012 | | Comments Off on (SCHW) Charles Schwab Corporation to Redeem Trust Preferred Securities | Continued

(ETFC) E*TRADE’s July Daily Average Revenue Trades Perk Up

On Wednesday, E*TRADE Financial Corporation (ETFC) reported a 4% increase in average U.S. trades numbers compared with the prior month in its Activity Report for the month of July 2012. However, the U.S. trades dropped on a year-on-year...

17Aug2012 | | Comments Off on (ETFC) E*TRADE’s July Daily Average Revenue Trades Perk Up | Continued

(AMTD) TD Ameritrade Holding Corporation’s July Daily Average Revenue Trades DARTs Perk Up

Last week, TD Ameritrade Holding Corporation (AMTD), an online brokerage firm, reported a 1% rise in average U.S. trades compared with the prior month in its Activity Report for the month of July 2012. However, U.S. trades dropped...

14Aug2012 | | Comments Off on (AMTD) TD Ameritrade Holding Corporation’s July Daily Average Revenue Trades DARTs Perk Up | Continued

(SCHW) The Charles Schwab Corporation Shares Downgraded to Neutral

We have downgraded our long-term recommendation on The Charles Schwab Corporation (SCHW) to Neutral from Outperform. The recommendation change is based on flagging equity markets, declining interest rate yields and legal predicaments.

We...

21Jun2012 | | Comments Off on (SCHW) The Charles Schwab Corporation Shares Downgraded to Neutral | Continued

(ETFC) E*TRADE Financial Corporation’s April DARTs Dip

On Wednesday, E*TRADE Financial Corporation (ETFC), an online brokerage firm, released its Activity Report for the month of April 2012, recording a fall in average U.S. trades from the prior month. Moreover, the trades also dropped...

20May2012 | | Comments Off on (ETFC) E*TRADE Financial Corporation’s April DARTs Dip | Continued

(ETFC) E*TRADE Financial Doubles CEO’s Pay Package

E*TRADE Financial Corporation’s (ETFC) Chief Executive Officer (CEO) Mr. Steven Freiberg’s total compensation, including a cash bonus, had been raised to $6.3 million in 2011, according to a regulatory filing on Friday. In 2010,...

13Mar2012 | | Comments Off on (ETFC) E*TRADE Financial Doubles CEO’s Pay Package | Continued

(ETFC) E*TRADE’s January DARTs Perk Up – Analyst Blog

Online broker E*TRADE Financial Corporation (ETFC) released its Activity Report for January 2012 on Monday, recording a sequential rise in average U.S. trades. However, trades dropped from the year-ago period due to high market volatility,...

15Feb2012 | | 0 comments | Continued

(ETFC) E*TRADE Financial Reports Loss – DARTs Drop

E*TRADE Financial Corporation (ETFC) reported fourth-quarter 2011 net loss of 2 cents per share, significantly below the Zacks Consensus Estimate of 20 cents per share. Earnings compared unfavorably with the prior quarter’s earnings...

30Jan2012 | | 0 comments | Continued

(IBKR) Interactive Brokers Group – Bull of the Day

Interactive Brokers Group (IBKR) third-quarter earnings were double the Zacks Consensus Estimate. Improved top line and substantially higher net income attributable to non-controlling interests were among the positives. These were...

29Dec2011 | | 0 comments | Continued

(SCHW) Schwab Reports 4Q Outlook and DARTs

On Wednesday, Charles Schwab Corp. (SCHW) released its Activity Report for November 2011. Concurrently, the company has provided an updated outlook for the fourth quarter of 2011.

The 4Q Guidance

Schwab...

20Dec2011 | | 0 comments | Continued

(ETFC) E*TRADE Financial Corporation’s October Daily Average Revenue Trades Perks Up

Online broker E*TRADE Financial Corporation (ETFC) released its Monthly Activity Report for October 2011 on Wednesday, recording a sequential as well as year-over-year rise in average U.S. trades driven by volatile markets.

For...

22Nov2011 | | 0 comments | Continued

(IBKR) Interactive Brokers Group – Bull of the Day

We are upgrading our recommendation on Interactive Brokers Group (IBKR) to Outperform as its brokerage business continued to perform well and the company reinstated its quarterly dividend. Despite declining market volumes, Interactive...

17Oct2011 | | 0 comments | Continued

(IBKR) Interactive Brokers Group – Bull of the Day

We are upgrading our recommendation on Interactive Brokers Group (IBKR) to Outperform as its brokerage business continued to perform well and the company reinstated its quarterly dividend. Despite declining market volumes, Interactive...

13Oct2011 | | 0 comments | Continued

(IBKR) Interactive Brokers Group’s June Metrics Improve

On Friday, Interactive Brokers Group Inc. (IBKR) reported June 2011 performance data for its business segment Electronic Brokerage, which recorded a slight improvement compared with the previous month. The segment under review clears...

5Jul2011 | | 0 comments | Continued