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SCHW

Charles Schwab

$31.97

0.54 (1.72%)

08:46
10/17/16
10/17
08:46
10/17/16
08:46

Charles Schwab reports Q3 EPS 35c, consensus 33c

Reports Q3 revenue $1.91B, consensus $1.89B. CEO Walt Bettinger said, "We ended the quarter serving 10.0 million brokerage accounts and 1.1 million bank accounts, both records, as well as 1.6 million retirement plan participants, up 4%, 6% and 5%, respectively. Total client assets reached a record $2.73 trillion, up 13% year-over-year, as investors continued to engage with us for help and advice throughout the summer quarter. Our financial consultants held planning conversations with 34,000 clients, up 17%. Year-to-date, 101,000 clients have participated in such conversations with us, up 22% from the year-earlier period. Assets enrolled in some form of ongoing advisory service totaled $1.37 trillion at quarter-end, up 14% from a year ago."

SCHW Charles Schwab
$31.97

0.54 (1.72%)

10/13/16
10/13/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Merck (MRK) upgraded to Buy from Neutral at BofA/Merrill with analyst Colin Bristow citing its opportunity in first line lung cancer. 2. Viacom (VIA, VIAB) upgraded to Market Perform from Underperform at Wells Fargo and to Buy from Underperform at BofA/Merrill. 3. TD Ameritrade (AMTD) and Charles Schwab (SCHW) were upgraded to Buy from Neutral at BofA/Merrill. 4. Talend (TLND) upgraded to Buy from Neutral at Goldman with analyst Jesse Hulsing saying the company will benefit from analytic workloads moving to the cloud. 5. CSC (CSC) upgraded to Buy from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/13/16
BOFA
10/13/16
UPGRADE
Target $38
BOFA
Buy
Charles Schwab upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Michael Carrier upgraded Charles Schwab to Buy and raised its price target to $38 from $32. The analyst sees upside from higher interest rates given Schwab's exposure to money markets and portfolio duration and from other strategic factors including M&A activity and/or competitive/pricing. Further, Carrier said Schwab has strong organic growth, less pressure from competition, is well positioned for DOL, and can balance revenue and expense growth.
09/30/16
WELS
09/30/16
NO CHANGE
WELS
Multiple companies could pursue Scottrade, says Wells Fargo
After Bloomberg reported that Scottrade is working with an adviser to explore selling itself, and the article mentioned Ameritrade (AMTD) as a potential suitor, Wells Fargo says that Charles Schwab (SCHW) and E-Trade (ETFC) could "also have interest" in Scottrade. The firm says that the deal could be accretive by double digit percentage levels for all of the potential suitors named. However, ti says that Ameritrade "may be the most logical buyer," since E-Trade just closed on an acquisition and Schwab has sought to place less emphasis trading. The firm keeps an Outperform rating on E-Trade and Market Perform ratings on Schwab and TD Ameritrade.
09/26/16
09/26/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Apache (APA) initiated with a Neutral at MUFG. 2. Marriott (MAR) was initiated with a Buy at Goldman while the firm initiated La Quinta (LQ) with a Sell. Goldman also initiated Red Rock Resorts (RRR), Hyatt (H), and Wyndham (WYN) with a Neutral. 3. Charles Schwab (SCHW) was initiated with an Overweight at Morgan Stanley while the firm initiated E-Trade (ETFC) and TD Ameritrade (AMTD) with an Equal Weight. 4. Valvoline (VVV) initiated with a Buy at Seaport Global. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NLNK

NewLink Genetics

$18.59

0.51 (2.82%)

, MRK

Merck

$62.55

0.405 (0.65%)

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NLNK

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MRK

Merck

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0.405 (0.65%)

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X

U.S. Steel

$31.19

-0.01 (-0.03%)

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US Steel sees a large spread trade ahead of earnings »

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WRI

Weingarten Realty

$33.75

-0.64 (-1.86%)

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DIS

Disney

$115.29

1.59 (1.40%)

14:19
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Disney targets Star Wars, Frozen sequels for 2019, Deadline reports »

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

14:16
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NYSE market internals summary »

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HUBB

Hubbell

$117.83

-3.7 (-3.04%)

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TWTR

Twitter

$14.80

0.085 (0.58%)

14:13
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Technical Analysis
Twitter technical comments before earnings »

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CL

Colgate-Palmolive

$74.15

0.49 (0.67%)

14:11
04/25/17
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Options
Colgate attracts a call writer ahead of earnings »

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  • 28

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SQ

Square

$18.11

0.26 (1.46%)

14:06
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Options
Square call volume above normal and directionally bullish »

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14:05
04/25/17
04/25
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General news
NY Fed's overnight reverse repo totaled $117.0 B, with 45 counterparties »

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STX

Seagate

$49.42

1.16 (2.40%)

, WDC

Western Digital

$85.77

2.66 (3.20%)

14:00
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STX

Seagate

$49.42

1.16 (2.40%)

WDC

Western Digital

$85.77

2.66 (3.20%)

MU

Micron

$26.57

-0.75 (-2.75%)

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14:00
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General news
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MTBC

Medical Transcription Billing

$0.42

-0.03 (-6.67%)

13:57
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Medical Transcription Billing partners with Health Compliance Network »

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S

Sprint

$8.89

0.18 (2.07%)

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Sprint promotion adds free fifth line to unlimited offer »

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CMA

Comerica

$70.14

0.03 (0.04%)

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  • 25

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WFC

Wells Fargo

$54.57

0.92 (1.71%)

13:51
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D

Dominion

$77.54

-0.53 (-0.68%)

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Downside put buyers in Dominion Resources ahead of earnings »

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WFC

Wells Fargo

$54.59

0.935 (1.74%)

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PG

Procter & Gamble

$89.97

0.415 (0.46%)

13:48
04/25/17
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13:48
Technical Analysis
Procter & Gamble technical comments before earnings »

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  • 26

    Apr

XLNX

Xilinx

$60.65

2.96 (5.13%)

13:46
04/25/17
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Options
Xilinx call volume above normal and directionally bullish »

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VIVHY

Vivendi

$20.34

1.39 (7.34%)

13:45
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Vivendi's UMG valued at $22B by banks seeking float, Reuters says »

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HTHIY

Hitachi

$53.93

0.09 (0.17%)

, KKR

KKR

$17.51

0.25 (1.45%)

13:45
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Periodicals
Hitachi plans to sell chipmaking device unit to KKR, JIP, Nikkei reports »

Hitachi (HTHIY) is…

HTHIY

Hitachi

$53.93

0.09 (0.17%)

KKR

KKR

$17.51

0.25 (1.45%)

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  • 27

    Apr

CLRO

ClearOne

$10.00

0.1 (1.01%)

13:43
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