|Bid||0.00 x 0|
|Ask||62.65 x 100|
|Day's Range||58.51 - 59.84|
|52 Week Range||33.06 - 61.80|
|PE Ratio (TTM)||27.70|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
TD Ameritrade’s (AMTD) NTM (next-12-month) price-to-book ratio is 4.1x, higher than the peer average of 4.0x, indicating its higher valuation. Competitors LPL Financial (LPLA), E*TRADE Financial (ETFC), and Charles Schwab (SCHW) have NTM price-to-book ratios of 6.1x, 2.2x, and 3.6x, respectively.
The stock market may be declining this week as first quarter earnings season is in full swing, but the reports out of the companies so far have been stronger than estimates. The Fidelity Investments executive noted that earnings estimates have grown to an increase of 18.7% in the one week since corporate America started offering up its results for the first three months of the year. "Really an amazingly bullish story," said Timmer, noting that the market is currently in digestion mode.
In fiscal 2Q18, TD Ameritrade’s (AMTD) revenue was primarily helped by increased market volatility. During the quarter, client participation, as measured by account trading and logins, improved QoQ (quarter-over-quarter) and YoY (year-over-year).
The top three discount brokerages weighed in with first quarter earnings, with Schwab and E*TRADE getting rewarded and TD Ameritrade stock falling.
TD Ameritrade (AMTD) reported EPS (earnings per share) of $0.73 in fiscal 2Q18, which ended in March 2018, missing analysts’ estimate by $0.01. However, the company’s results were boosted by trading due to increased volatility.
E-Trade Financial, QAD, Amazon, General Motors and Facebook as Zacks Bull and Bear of the Day
Investors in E*TRADE Financial (ETFC) need to pay close attention to the stock based on moves in the options market lately.
Interactive Brokers Group’s (IBKR) EV-to-EBITDA ratio stood at ~19.3x on an NTM (next-12-months) basis, which indicates that the company has discounted valuations. The average of other industry players is ~35.7x.
Facebook, Inc.'s ( FB) latest data scandal, in which Cambridge Analytica accessed the data on 87 million users without their consent, is leading to concerns that more regulation is coming to the technology sector. Rewind to mid-March, and Facebook's data scandal was tanking the stock and everything tech related as investors worried that more regulation would come that would hurt the businesses. This is not to mention that many investors feared customers would leave Facebook in droves once they found out their data had been compromised without their permission.
TD Ameritrade's stock came under pressure after it reported fiscal second quarter results that failed to meet Wall Street views.
Zacks Investment Ideas feature highlights: Charles Schwab, E-trade Financial and Interactive Brokers
Last week, E*TRADE Financial Corp (NASDAQ: ETFC ) reported $5.3 billion in new brokerage assets, $10.5 billion in customer margin balances and 309,000 daily average revenue trades (DARTs) for the quarter ...
New York's attorney general said state tax authorities are entitled to first dibs on more than $480,000 out of the nearly $7.4 million Shkreli was ordered to forfeit to the federal government as regulators ...
TD Ameritrade stock backed off from a buy point in late trade Monday as fiscal Q2 earnings failed to clear some forecasts.
More than half of wealthy investors with $1 million in investable assets in a self-directed brokerage account expect stocks to decline in the second quarter. CNBC, citing exclusive data provided by E*TRADE, the New York-based online brokerage, found that only 40% of those polled think the stock market will increase during the current second quarter, with the percentage of those who expect there to be no gains in the second quarter increasing to 22% from 17%. What's more, 23% of those investors with $1 million or more in investable assets expect stocks to decline by 5% in the current quarter.
Charles Schwab (SCHW) generated total net revenues amounting to $2.39 billion in 1Q18 compared to $2.08 billion in 1Q17. However, in 4Q17, total net revenues were $2.24 billion. The company’s asset management and administration fees amounted to $851 million in 1Q18, a rise of 3% year-over-year thanks to the increased balances in equity and bond funds as well as advised solutions. However, ETFs also saw higher balances, which also contributed to the higher total net revenues in 1Q18.
Investors who manage $1 million or more in brokerage accounts have traded in the uber-bullishness with which 2018 began for the market. Stocks are likely to record no gain by the end of the second quarter, more of these wealthy, experienced investors say in a new survey. Many think stocks will end the quarter down rather than up.
Many investors who manage more than $1 million in brokerage accounts are resigned to the fact that stocks will not end this quarter with gains. Market volatility is here to stay.