|Bid||0.00 x 2200|
|Ask||0.00 x 1200|
|Day's Range||50.42 - 51.55|
|52 Week Range||32.69 - 57.88|
|Beta (5Y Monthly)||1.28|
|PE Ratio (TTM)||12.76|
|Earnings Date||Jan 20, 2020|
|Forward Dividend & Yield||1.24 (2.45%)|
|Ex-Dividend Date||Nov 02, 2019|
|1y Target Est||52.69|
Lower interest rates along with muted loan growth are expected to have negatively impacted Zions' (ZION) interest revenues in the fourth quarter of 2019.
NEW YORK, Jan. 20, 2020 -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Tech Data Corporation (NASDAQ: TECD)The.
TD Ameritrade (AMTD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
To operate in the United States, stock brokers must comply with SEC regulations that protect investors. Here is a look at some of the best.
(Bloomberg) -- Charles Schwab Corp.’s plan to eliminate trading fees pushed client assets to a record, surpassing $4 trillion and sending shares higher, even as the firm faced a decline in trading revenue.Customers opened 433,000 new brokerage accounts in fourth quarter, bringing the total to 12.3 million, according to a statement issued Thursday. Trading revenue plunged 58% to $86 million in the period after the company introduced zero-commission trades.The results are the first view of how the largest discount broker’s fee change, which was followed by rivals, is impacting Schwab’s bottom line. And it comes after the company’s $26 billion agreement to buy rival TD Ameritrade Holding Corp.The shares rose more than 4% to $49 in New York trading, the biggest gain since Nov. 21 when news of the Ameritrade deal first broke.Schwab incurred $17 million in pretax acquisition-related expenses in the quarter, which weighed on profit. Schwab reported earnings of 62 cents per share, compared with the average estimate of 64 cents.While earnings missed estimates, the growth in assets, new accounts and client cash pointed in a positive direction, said to Devin Ryan, an analyst with JMP Securities.“There’s reason for optimism on the underlying outlook for the business,” Ryan said in an interview.Other highlightsFourth quarter net interest revenue -- the money Schwab makes from client cash and the largest source of profits -- fell about 2%Total quarterly revenue declined to $2.6 billionSchwab plans a business update conference call with investors on Feb. 4 at 11:30 a.m. New York time.Read moreSchwab Triggers Online-Broker Bloodbath as Price War DeepensBrokers Profit From You Even If They Don’t Charge for TradingSchwab to Acquire TD Ameritrade in Reshaping of Industry (1)(Adds account graphic and shares after third paragraph)To contact the reporters on this story: John Gittelsohn in Los Angeles at email@example.com;Annie Massa in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Sam Mamudi at email@example.com, Alan Mirabella, Melissa KarshFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Charles Schwab earnings missed Q4 estimates, but a surge in new assets suggested the brokerage remained competitive even as the entire industry moved to zero-fee trades.
Shares of Charles Schwab Corp. lost 0.8% in premarket trading Thursday, after the discount broker reported fourth-quarter profit that fell below expectations. Net income fell to $852 million, or 62 cents a share, from $935 million, or 65 cents a share, in the year-ago period. The results include an expense related to pending acquisitions of 1 cent per share. The FactSet consensus for earnings per share was 64 cents. Revenue fell 2% to $2.61 billion, matching the FactSet consensus, as net interest revenue declined 1.9% to $1.60 billion. Asset management and administration fees revenue rose 12% to $845 million, just shy of the FactSet consensus of $846 million, while trading revenue dropped 58% to $86 million but beat expectations of $78 million. Schwab caused a stir in the discount broker industry during the fourth quarter, when it dropped commissions on U.S. stocks, ETF and options, then announced a deal to buy rival TD Ameritrade Holding Corp. in a $26 billion deal. Schwab's stock has soared 20.8% over the past three months through Wednesday, while the SPDR Financial Select Sector ETF has gained 9.5% and the Dow Jones Industrial Average has advanced 7.5%.
New survey conducted for TD Ameritrade illustrates the evolving timelines, expectations and personal disconnects on the path to retirement.
Comerica's (CMA) Q4 earnings are expected to have been affected by slowdown in commercial lending and interest rate cuts. Rise in card fees and controlled expenses might have lent support.
Obliterating previous records, M&A activity among registered investment advisors surged to new highs in 2019, according to a new FA Insight report.
TD Ameritrade (AMTD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
While Schwab's (SCHW) trading revenues are likely to have improved in the fourth quarter on rise in client activity, interest revenues are expected to have been hurt.
While lower rates are likely to have hurt BNY Mellon's (BK) net interest revenues in the fourth quarter of 2019, asset growth is expected to have positively impacted performance fees.
While steady iShares inflows are expected to have supported BlackRock's (BLK) AUM in the fourth quarter of 2019, higher costs might have hurt its performance.
TD Ameritrade (AMTD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Although most of the traditional U.S.-based asset managers we cover continue to hit record levels of assets under management, driven by the bull market in U.S. equities, the past decade has been difficult for the industry. Between the 2008-09 financial crisis and the increased scrutiny of investment management conflicts of interest, the balance of power in the retail channel has shifted more heavily toward the distributors. This has led to not only increased fee compression, with investors (put off by the poor relative performance of actively managed funds) increasingly seeking lower-cost index-based options, but also product rationalization on the major retail distribution platforms, with broker/dealer and advisory networks culling funds with poor performance records, high expense ratios and/or low inclusion rates.
WILMINGTON, Del., Jan. 09, 2020 -- Rigrodsky & Long, P.A. announces that it is investigating: IBERIABANK Corporation (NASDAQ GS: IBKC) regarding possible breaches of.