|Bid||0.00 x 1300|
|Ask||0.00 x 4000|
|Day's Range||48.92 - 49.97|
|52 Week Range||34.58 - 50.97|
|Beta (3Y Monthly)||1.41|
|PE Ratio (TTM)||18.06|
|Earnings Date||Jan 14, 2020 - Jan 20, 2020|
|Forward Dividend & Yield||0.68 (1.40%)|
|1y Target Est||50.62|
The stock market’s closing bell typically rings at 4 p.m. Eastern, but for traders sniffing around for a broad-market strategy that’s proven to be a real winner in recent years, perhaps that sound should be treated as an opening bell.
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.
(Bloomberg) -- Investors face a crush of events next week that could sweep away the biggest hurdles to a full-blown race into riskier assets, if things line up just right.Over the second half of the week, possible catalysts for a Treasury market sell-off will arrive in close succession: Policy decisions from the U.S. and euro-zone central banks are expected to offer no fresh hints of easing in the cards, and the U.K. election could finally pave a more resolute course for an exit from the European Union.Treasuries were already on the ropes Friday, thanks to a U.S. payrolls report that surpassed analysts’ expectations. That pushed the S&P 500 to the brink of a record high, drove market pricing for a full Federal Reserve rate cut to the end of 2020, and thrust the 10-year yield toward the upper end of its recent range, at around 1.84%.The events ahead will determine the macroeconomic backdrop heading into the new year, but the question for investors is how much of the real action next week is already baked in. For Kathy Jones at Charles Schwab & Co., the more pressing issue remains U.S.-China trade talks. The big catalyst for risk appetite and significantly higher yields in one of the last actively traded weeks of the year would be a credible signal that the U.S. will forgo the additional tariffs it’s threatening to impose on Chinese goods on Dec. 15, she said.“We do have a confluence of things next week and there’s a good likelihood that yields will rise -- but will they just rip higher?” said Jones, chief fixed-income strategist at Charles Schwab. “You’d need some really surprisingly good news on the trade war.”Global growth headwinds from trade friction have helped pull benchmark U.S. 10-year yields down about 80 basis points in 2019, driving Treasuries to a 7.3% return this year through Dec. 5. It’s shaping up to be the best annual performance since 2011.Some SwayAnd in Jones’s view, economic numbers could still have sway.Treasuries could take a hit ahead of the week’s high-profile events if the consumer price index reading due Dec. 11, the same day as the Fed decision, shows an annual increase faster than the expected 2%. That could unsettle the widely held view that inflation pressures are nowhere near strong enough to fit the Fed’s stated criteria for a rate hike. But there’s also potential for yields to fall should the Dec. 13 retail sales figures counter the market’s conviction that the U.S. consumer is holding up.While the data may fall short of alarming the Fed’s inflation hawks, it’s clear from Chairman Jerome Powell’s recent statements that his view of the economy is biased toward optimism -- as a glass “more than half full.”There hasn’t been much in comments from Fed speakers to suggest they’ve downgraded projections for interest rates -- which will be updated Wednesday -- since September. At the time, the “dot plot” of policy makers’ views suggested that the majority see the next move as a hike rather than a cut, and most expect rates to remain on hold or move higher in 2020.Whichever way traders see the risks tilting through year-end, the coming week could be one of the last good opportunities of the decade to jump into the fray, before clearing out for the holidays.What to WatchMuch of the potentially market-moving action in the week ahead is offshore, with the European Central Bank’s decision and the U.K. election. But markets will also be looking for signs of movement in trade talks ahead of the Dec. 15 U.S. tariff deadlineThe FOMC’s meeting tops the domestic agenda:Dec. 11: FOMC rate decision and Powell press conferenceDec. 13: New York Fed’s John Williams discusses topics in monetary policyHere’s the economic calendar:Dec. 10: NFIB small business optimism; nonfarm productivity; unit labor costsDec. 11: MBA mortgage applications; consumer price index; real average earnings; monthly budget statementDec. 12: Producer price index; jobless claims; Bloomberg consumer comfort; household change in net worthDec. 13: Import/export prices; retail sales; Bloomberg U.S. economic survey; business inventoriesAnd the auction schedule:Dec. 9: $42 billion of 13-week bills; $36 billion of 26-week bills; $38 billion 3-year notesDec. 10: $24 billion of 10-year notesDec. 12: 4-, 8-week bills; 30-year bond re-openingTo contact the reporter on this story: Emily Barrett in New York at email@example.comTo contact the editors responsible for this story: Benjamin Purvis at firstname.lastname@example.org, Mark Tannenbaum, Nick BakerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(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.
New Jersey-based BlockFi is extending their services to allow customers to trade their cryptocurrencies with zero fees attached.
The investment industry's pricing war has grown especially pitched in recent years — so much so, that in some corners companies are waiving fees altogether.
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 key differences between Charles Schwab and Employee Fiduciary 401(k) plans in terms of company structure, fund offerings and client service.
The situation surrounding the all-stock deal is vastly different from the reason for the rule Continue reading...
Armed with a 51.8% annual pretax profit margin, electronic trading platform operator MarketAxess is trying to broker a new breakout move.
Financial professionals wonder whether Schwab’s acquisition of TD Ameritrade will lead to a decline in service for the smaller RIA firms that were the initial bread and butter of TD’s custody business.
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 ...
According to Charles Schwab’s SDBA Indicators ReportTM, an industry-leading benchmark on retirement plan participant investment activity within self-directed brokerage accounts , Millennials allocated a larger percentage of their portfolios to ETFs and cash than did other generations during the third quarter of 2019, while mutual funds remained the largest holding in the accounts of all generations ...
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.
The executive said Charles Schwab Corp. will eventually add a "more significant percentage" of staff to its Texas operations.
(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.
The stock market powered higher this week amid M&A; deals like Schwab-TD Ameritrade. Disney, Best Buy and Alibaba were leaders.
Vanguard commands an outsize portion of U.S. assets under management, and also dominates flows of incoming money, making it hard to beat.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the third quarter. You can find articles about an individual hedge fund's trades on numerous financial […]