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Fly News Breaks for November 21, 2019
SCHW, AMTD
Nov 21, 2019 | 13:52 EDT
Gabelli analyst Macrae Sykes downgraded TD Ameritrade (AMTD) to Hold from Buy following CNBC's report that Charles Schwab (SCHW) and TD Ameritrade are in merger discussions and a deal may be announced shortly. The analyst, who has a 2021 private market value estimate of $53 per share for TD Ameritrade, does not expect another bidder, he noted.
News For AMTD;SCHW From the Last 2 Days
SCHW
Apr 16, 2024 | 07:17 EDT
TD Cowen raised the firm's price target on Charles Schwab to $92 from $87 and keeps a Buy rating on the shares. The firm said earnings seem coiled like a spring to expand/grow measurably given combination of peaking client sorting, improving NNA growth, and ongoing pro forma synergies with Ameritrade.
SCHW
Apr 16, 2024 | 05:52 EDT
Barclays raised the firm's price target on Charles Schwab to $75 from $74 and keeps an Equal Weight rating on the shares. The company's Q1 report was in line with the Street, and management struck an upbeat tone on the call, the analyst tells investors in a research note. The firm believes investor sentiment seems to be improving.
SCHW
Apr 15, 2024 | 08:06 EDT
Reports Q1 revenue $4.74B, consensus $4.72B. "Against an improved macroeconomic backdrop, clients entrusted us with $96 billion in core net new assets - including $45 billion in March alone. At the same time, solid investor engagement contributed to over 1 million new brokerage account openings during the quarter." co-chairman and CEO Walt Bettinger