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Fly News Breaks for January 28, 2020
AMTD, ETFC, SCHW
Jan 28, 2020 | 08:05 EDT
Deutsche Bank analyst Brian Bedell initiated a "Buy Catalyst Call" on shares of Hold-rated Charles Schwab (SCHW), hedged against Hold-rated E-Trade (ETFC). Shares of Schwab should outperform following the company's winter business update on February 4, Bedell tells investors in a research note. He expects management to portray an incrementally optimistic outlook on the proposed TD Ameritrade (AMTD) acquisition and a "relatively benign" standalone outlook for 2020.
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