|Bid||51.00 x 1300|
|Ask||51.41 x 1300|
|Day's Range||51.06 - 51.21|
|52 Week Range||32.69 - 57.88|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||12.92|
|Forward Dividend & Yield||1.24 (2.43%)|
|1y Target Est||N/A|
Exposure to equity markets increased in TD Ameritrade Holding Corp. (NASDAQ: AMTD ) client accounts during the November period. The IMX increased to the highest level in a year, increasing 0.33, or 6.8%, ...
Bank of America expanded unlimited free trades to all Merrill Lynch individual investors, after Charles Schwab, TD Ameritrade and E-Trade ditched stock and ETF trading fees.
Schwab’s planned merger with TD Ameritrade will affect thousands of advisors who custody with the two firms. Rivals like Fidelity are using it as an opportunity to market their own offerings.
(Bloomberg) -- As stocks rallied to record highs last month, retail investors embraced the run.Clients of TD Ameritrade increased their holdings of riskier assets for a second consecutive month in November. That pushed the firm’s Investor Movement Index, which has tracked clients’ positioning since 2010, to the highest level in a year, the Omaha, Nebraska-based brokerage said Monday.“As the market got to all-time highs, our clients started to pick up their pace just a little bit more,” JJ Kinahan, chief market strategist at TD Ameritrade, said in an interview. “There might be an expectation of a Santa Claus rally, so-to-speak, as we head into the end of the year.”The S&P 500 Index gained for a third straight month in November, pushing the benchmark to a record closing high of 3,153.63 on Nov. 27. Up 26% this year, the gauge is set for its second best year of the past decade’s bull market.Still, the level of risk allocation in TD Ameritrade’s measure ranks as “moderately low” on a historical basis, according to the firm. Clients continue to buy short-term fixed income products with maturities of six months or less, Kinahan said. However, purchases of bonds in November weren’t as aggressive as earlier this year, and investors are gravitating more toward equities.Below are some of the most popular buys and sells ordered by TD Ameritrade clients last month:BUYS: The Walt Disney Co., Microsoft Corp., McDonald’s Corp., Ford Motor Co.SELLS: Bank of America Corp., Citigroup Inc., Tesla Inc., Netflix Inc.To contact the reporter on this story: Sarah Ponczek in New York at email@example.comTo contact the editors responsible for this story: Jeremy Herron at firstname.lastname@example.org, Brendan Walsh, Rita NazarethFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Democratic presidential candidates, including Joe Biden, Elizabeth Warren and Bernie Sanders, have proposed a new tax on financial transactions. Sanders is proposing an even more aggressive 0.5% tax on stock trades 0.1% tax on bond trades and 0.005% tax on derivative trades. This week, Biden said he would support new taxes on financial transactions.
(SCHW)’s ability to set up house smoothly with (AMTD) following their planned marriage is likely to be crucial to the merged company’s ability to retain RIA custodial clients. The head of one RIA who works with both firms – and also Fidelity – reportedly is taking a careful wait-and-see approach to the integration of their operations. Industry participants have been asking whether the combined company will focus on its retail business and larger RIA clients at the expense of the smaller RIAs that were TD Ameritrade’s initial bread and butter as a custodian.
The discount brokerage taps Tom Bradley, a former head of TD Ameritrade Institutional, to oversee its custody business for smaller RIAs.
The volume of global M&A has already reached $3.6 trillion this year, according to data from Dealogic. As history has shown, it takes just one big signature Merger Monday to symbolize hubris and excess—and it may already have happened.
The situation surrounding the all-stock deal is vastly different from the reason for the rule Continue reading...
Robinhood , the Silicon Valley startup that pioneered large-scale, commission-free retail trading, said Wednesday it has reached more than 10 million accounts. The startup offers investors commission-free ...
The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
Eight months after the merger between Charles Schwab and TD Ameritrade closes, TD Bank will be able to sell its 13% stake in the combined entity.
Hiccups in combining Charles Schwab’s and TD Ameritrade’s operations could turn off RIAs who custody with one or both of the discount brokerages.
(Bloomberg Opinion) -- Talk about timing: Masters in Business sat down with Joe Ricketts, founder of TD Ameritrade Holding Corp., on Nov. 12 and 10 days later Charles Schwab Corp. offered to buy TD for $26 billion (Ricketts still owns more than 8% of the company).TD Ameritrade has its roots in First Omaha Securities, a Midwest retail brokerage firm that Ricketts started in 1975. First Omaha introduced a series of technological firsts that helped drive its rise: It was the first to advertise a toll-free telephone service for investors to call and place buy and sell orders, and it was the first to provide price quotes and accept orders via touch-tone phone. Not so novel today, but big innovations more than 30 years ago. In 1995, the company became the first brokerage firm to handle online trading over the internet.In an attempt to cut through the clutter, Ricketts tried to use humor to reach potential clients. Ameritrade became famous for its slack stick dot-com-era TV advertising. The best known was the “Let’s Light This Candle” ad, featuring Stuart the office boy as the main character. It became a viral meme before such things even existed. First Omaha bought lots of other regional brokers, eventually going public in 1997 and later merging with TD Waterhouse in 2006. Now it's TD that's being bought.Ricketts is the author of "The Harder You Work, the Luckier You Get: An Entrepreneur’s Memoir." His family trust has owned the Chicago Cubs since 2009; the team won the World Series in 2016, its first championship in 108 years. His favorite books are here; a transcript of our conversation can found here.You can stream/download the full conversation, including the podcast extras on Apple iTunes, Overcast, Spotify, Google, Bloomberg and Stitcher. All of our earlier podcasts on your favorite pod hosts can be found here.Next week, we speak with Ben Horowitz, founding partner of famed venture capital firm Andreessen Horowitz, and author of "What You Do Is Who You Are: How to Create Your Business Culture."To contact the author of this story: Barry Ritholtz at email@example.comTo contact the editor responsible for this story: James Greiff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Circle T Ranch, northwest of Dallas, can hold an additional 10 million square feet of office space, Hillwood President Mike Berry said.
J.P. Morgan expects the latest Star Wars saga to add to the entertainment giant’s box office win streak. Also, Wall Street analysts’ views on United Health Group, Envestnet, Marvell Technology, and Dell Technologies.
THINGS TO KNOW (SCHW) confirmed Monday it’s buying rival (AMTD) and the merger is raising questions among RIAs who use one or both of the discount brokerages to custody client assets. What will reduced competition among custodians mean for innovation and service? And will the small firms that TD Ameritrade has made a point of serving become afterthoughts for the merged company? Tax clarity.
The stock market powered higher this week amid M&A; deals like Schwab-TD Ameritrade. Disney, Best Buy and Alibaba were leaders.
Stock in (SCHW) and (AMTD) has taken off since reports emerged that the online discount brokers might merge. Barclays analyst Jeremy Campbell likes the deal, too. On Monday, the companies announced an all-stock deal for Schwab (ticker: SCHW) to buy (AMTD) (AMTD) that values the latter at $26 billion.