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AMTD

TD Ameritrade

$50.07

0.61 (1.23%)

, ETFC

E-Trade

$45.01

0.76 (1.72%)

12:47
10/06/17
10/06
12:47
10/06/17
12:47

Raymond James says buy Ameritrade and E-Trade on short-term weakness

Renewed concerns regarding the ability of online brokers to capture payment for order flow are not justified, Raymond James analyst Patrick O'Shaughnessy tells investors in an intraday research note. The Treasury Department's recently released report includes language that suggests downside risks for the brokers, but the topic itself is nothing new, nor are the proposed remedies, O'Shaughnessy argues. He points out that online brokerage firms are generally on board with these reforms. Further, the analyst believes the Massachusetts investigation into retail broker order routing decisions isn't likely to go anywhere. O'Shaughnessy recommends taking advantage of any short-term weakness in TD Ameritrade (AMTD) and E-Trade (ETFC). He has Outperform ratings on Ameritrade and E-Trade and a Market Perform rating on Charles Schwab (SCHW).

AMTD

TD Ameritrade

$50.07

0.61 (1.23%)

ETFC

E-Trade

$45.01

0.76 (1.72%)

SCHW

Charles Schwab

$45.16

-0.025 (-0.06%)

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    Oct

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    Oct

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    Oct

  • 07

    Nov

AMTD TD Ameritrade
$50.07

0.61 (1.23%)

07/19/17
RHCO
07/19/17
NO CHANGE
RHCO
TD Ameritrade price target raised to $50 from $46 at SunTrust
SunTrust analyst Douglas Mewhirter increased his price target on TD Ameritrade as he says that the company reported "strong" Q3 results. He says that the company's "underappreciated institutional segment...should continue to thrive, and the pending Scottrade merger should generate considerable value." The analyst keeps a Buy rating on the stock.
08/28/17
JEFF
08/28/17
NO CHANGE
Target $43
JEFF
Hold
TD Ameritrade fundamentals look good ahead of Scottrade deal, says Jefferies
After spending time with management, Jefferies analyst Daniel Fannon says TD Ameritrade's fundamentals look good ahead of the Scottrade transaction close. Ameritrade is seeing strong customer activity and solid net new asset growth trends, Fannon tells investors in a research note. He adds that the Scottrade deal is poised to close in the near term. The analyst keeps a Hold rating on TD Ameritrade with a $43 price target.
10/03/17
GSCO
10/03/17
INITIATION
GSCO
Neutral
TD Ameritrade reinstated with a Neutral at Goldman Sachs
Goldman analyst Conor Fitzgerald reinstated TD Ameritrade with a Neutral and $53 price target saying current valuation reflects Scottrade accretion.
10/03/17
10/03/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Xerox (XRX) initiated with a Neutral at UBS. 2. United Rentals (URI) reinstated with a Hold at Deutsche Bank. 3. Home Depot (HD) initiated with a Buy at Gordon Haskett. 4. TD Ameritrade (AMTD) reinstated with a Neutral at Goldman Sachs. 5. West Pharmaceutical (WST) initiated with an Equal Weight at Stephens. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
ETFC E-Trade
$45.01

0.76 (1.72%)

07/21/17
WELS
07/21/17
NO CHANGE
WELS
E-Trade shares should be up more, says Wells Fargo
Wells Fargo believes that E-Trade's stock should be up more after the company reported stronger than expected Q2 results and announced what the firm calls "an aggressive capital return plan." Wells increased its longer term EPS estimates for the company by more than 10% and keeps an Outperform rating on the shares.
07/24/17
RHCO
07/24/17
NO CHANGE
RHCO
E-Trade price target raised to $49 from $43 at SunTrust
SunTrust analyst Douglas Mewhirter increased his price target on E-Trade after the company reported Q2 results that he called "strong." The analyst raised his EPS estimates for the company and keeps a Buy rating on the shares.
09/08/17
LEHM
09/08/17
INITIATION
Target $45
LEHM
Overweight
E-Trade initiated with an Overweight at Barclays
Barclays analyst Jeremy Campbell started E-Trade with an Overweight rating and $45 price target. The analyst initiated U.S. Brokers, Asset Managers & Exchanges with a Neutral industry view.
07/13/17
07/13/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. HP Inc. (HPQ), 3D Systems (DDD), and Stratasys (SSYS) were initiated with a Neutral at Susquehanna. 2. Danaher (DHR) initiated with a Market Perform at Wells Fargo. 3. E-Trade (ETFC) and TD Ameritrade (AMTD) were initiated with a Buy at Rosenblatt, while Charles Schwab (SCHW) was initiated with a Neutral. 4. C&J Energy Services (CJ) initiated with a Buy at Jefferies. 5. BIO-key (BKYI) initiated with a Buy at Maxim. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
SCHW Charles Schwab
$45.16

-0.025 (-0.06%)

07/13/17
RSBL
07/13/17
INITIATION
Target $46
RSBL
Neutral
Charles Schwab initiated with a Neutral at Rosenblatt
Rosenblatt analyst Chris Allen initiated Schwab with a Neutral and a $46 price target citing a challenging near-term growth outlook, slowing balance sheet growth, and balanced risk/reward at current levels.
09/08/17
LEHM
09/08/17
INITIATION
Target $48
LEHM
Overweight
Charles Schwab initiated with an Overweight at Barclays
Barclays analyst Jeremy Campbell started Charles Schwab with an Overweight rating and $48 price target. The analyst initiated U.S. Brokers, Asset Managers & Exchanges with a Neutral industry view.
07/24/17
NOMU
07/24/17
DOWNGRADE
NOMU
Neutral
Charles Schwab downgraded to Neutral from Buy at Nomura Instinet
Nomura Instinet analyst Steven Chubak downgraded Charles Schwab to Neutral citing year-to-date share appreciation and high consensus forecasts. The analsyt views risk/reward as more balanced and sees downside risk to 2018 Street estimates given high NII estimates.

TODAY'S FREE FLY STORIES

SYNT

Syntel

$24.30

5.2 (27.23%)

20:37
10/17/17
10/17
20:37
10/17/17
20:37
Upgrade
Syntel rating change at William Blair »

Syntel upgraded to Market…

03/08/13
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    Dec

QD

Qudian

20:35
10/17/17
10/17
20:35
10/17/17
20:35
Syndicate
Qudian 37.5M share IPO priced at $24.00 »

The deal priced above the…

03/08/13
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  • 18

    Oct

ABT

Abbott

$55.06

0.43 (0.79%)

, USB

U.S. Bancorp

$53.88

-0.38 (-0.70%)

20:25
10/17/17
10/17
20:25
10/17/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

ABT

Abbott

$55.06

0.43 (0.79%)

USB

U.S. Bancorp

$53.88

-0.38 (-0.70%)

SVU

Supervalu

$19.38

0.57 (3.03%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Oct

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    Oct

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    Oct

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    Jan

UNH

UnitedHealth

$203.89

10.69 (5.53%)

19:58
10/17/17
10/17
19:58
10/17/17
19:58
Recommendations
UnitedHealth analyst commentary at Piper Jaffray »

UnitedHealth price target…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 17

    Oct

19:25
10/17/17
10/17
19:25
10/17/17
19:25
Conference/Events
The Heritage Foundation hosts President Trump »

President Trump speaks at…

SINA

Sina

$114.26

-0.73 (-0.63%)

19:18
10/17/17
10/17
19:18
10/17/17
19:18
Hot Stocks
Aristeia: Sina claims 'inaccurate' and 'misleading' »

Aristeia Capital, a…

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  • 03

    Nov

CLDR

Cloudera

$15.51

0.13 (0.85%)

, HTHIY

Hitachi

$75.56

-0.49 (-0.64%)

18:57
10/17/17
10/17
18:57
10/17/17
18:57
Hot Stocks
Cloudera, Hitachi form strategic partnership »

Cloudera (CLDR) announced…

CLDR

Cloudera

$15.51

0.13 (0.85%)

HTHIY

Hitachi

$75.56

-0.49 (-0.64%)

03/08/13
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03/08/13
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03/06/13
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PNFP

Pinnacle Financial

$65.15

-1.15 (-1.73%)

18:35
10/17/17
10/17
18:35
10/17/17
18:35
Earnings
Pinnacle Financial reports Q3 adjusted EPS 90c, consensus 74c »

Reports Q3 revenue…

03/08/13
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03/06/13
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03/06/13
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  • 18

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FULT

Fulton Financial

$18.95

-0.3 (-1.56%)

18:07
10/17/17
10/17
18:07
10/17/17
18:07
Hot Stocks
Fulton Financial sees FY17 loans & deposits growth mid to high single digits »

Sees FY17 non-interest…

03/08/13
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03/06/13
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  • 18

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    Nov

EXXI

Energy XXI

$8.59

-0.41 (-4.56%)

18:07
10/17/17
10/17
18:07
10/17/17
18:07
Hot Stocks
Energy XXI provides operational update on Hurricane Nate impact »

Energy XXI provided an…

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FULT

Fulton Financial

$18.95

-0.3 (-1.56%)

18:07
10/17/17
10/17
18:07
10/17/17
18:07
Hot Stocks
Fulton Financial cuts Q4 net interest margin view to up 2-6 bp from 3-9 »

Cuts Q4 non-interest…

03/08/13
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03/06/13
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03/06/13
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  • 18

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    Nov

HGV

Hilton Grand Vacations

$39.83

0.05 (0.13%)

17:45
10/17/17
10/17
17:45
10/17/17
17:45
Hot Stocks
Hilton Grand Vacations acquires Sunrise Lodge, terms not disclosed »

Hilton Grand Vacations…

03/08/13
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  • 30

    Nov

PRGX

PRGX Global

$6.80

0.05 (0.74%)

, KR

Kroger

$20.48

0.04 (0.20%)

17:42
10/17/17
10/17
17:42
10/17/17
17:42
Hot Stocks
PRGX Global signs multi-year technology services contract with Kroger »

PRGX Global (PRGX) signed…

PRGX

PRGX Global

$6.80

0.05 (0.74%)

KR

Kroger

$20.48

0.04 (0.20%)

03/08/13
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03/06/13
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03/06/13
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  • 30

    Nov

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    Dec

UBFO

United Security Bank

$9.50

-0.05 (-0.52%)

17:38
10/17/17
10/17
17:38
10/17/17
17:38
Earnings
United Security Bank reports Q3 EPS 16c versus 12c in year-ago period »

Reports Q3 NII $8.2M…

03/08/13
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03/06/13
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03/06/13
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UBSH

Union Bankshares

$35.32

-0.18 (-0.51%)

, XBKS

Xenith Bankshares

$32.77

-0.07 (-0.21%)

17:35
10/17/17
10/17
17:35
10/17/17
17:35
Hot Stocks
Xenith Bankshares merger into Union Bankshares receives regulatory approval »

Union Bankshares (UBSH)…

UBSH

Union Bankshares

$35.32

-0.18 (-0.51%)

XBKS

Xenith Bankshares

$32.77

-0.07 (-0.21%)

03/08/13
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  • 18

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OMAB

OMA Airports

$41.34

0.28 (0.68%)

17:35
10/17/17
10/17
17:35
10/17/17
17:35
Hot Stocks
OMA Airports reports Q3 terminal passenger traffic up 1.3% »

Aeronautical revenues per…

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IBM

IBM

$146.54

-0.29 (-0.20%)

17:34
10/17/17
10/17
17:34
10/17/17
17:34
Earnings
IBM sees $2.8B-$2.9B increase in Q4 sales from Q3 »

Sees $300M-$400M boost…

03/08/13
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03/06/13
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  • 17

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OMAB

OMA Airports

$41.34

0.28 (0.68%)

17:33
10/17/17
10/17
17:33
10/17/17
17:33
Earnings
OMA Airports reports Q3 EPS 66c, consensus 70c »

Reports Q3 revenue…

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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

17:33
10/17/17
10/17
17:33
10/17/17
17:33
Hot Stocks
Breaking Hot Stocks news story on Select Comfort »

Select Comfort says sees…

03/08/13
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  • 17

    Oct

IBM

IBM

$146.54

-0.29 (-0.20%)

, IBKR

Interactive Brokers

$47.40

-0.32 (-0.67%)

17:32
10/17/17
10/17
17:32
10/17/17
17:32
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: IBM…

IBM

IBM

$146.54

-0.29 (-0.20%)

IBKR

Interactive Brokers

$47.40

-0.32 (-0.67%)

SSKN

STRATA Skin Sciences

$1.75

-0.04 (-2.23%)

HCLP

Hi-Crush Partners

$8.95

0.25 (2.87%)

SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

NAVI

Navient

$12.20

0.47 (4.01%)

CREE

Cree

$29.34

0.06 (0.20%)

AKTX

Akari Therapeutics

$6.40

-0.08 (-1.23%)

MOBL

MobileIron

$3.80

-0.1 (-2.56%)

FOGO

Fogo De Chao

$12.05

0.1 (0.84%)

03/08/13
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  • 17

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    Oct

  • 17

    Oct

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    Oct

  • 22

    Oct

  • 01

    Nov

  • 15

    Nov

  • 18

    Oct

IBM

IBM

$146.54

-0.29 (-0.20%)

17:32
10/17/17
10/17
17:32
10/17/17
17:32
Hot Stocks
IBM sees increase in gross margin of 2.5 points from Q3 to Q4 »

Says not yet feeling full…

03/08/13
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  • 17

    Oct

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    Nov

PAYX

Paychex

$62.90

-0.55 (-0.87%)

17:31
10/17/17
10/17
17:31
10/17/17
17:31
Syndicate
Breaking Syndicate news story on Paychex »

Paychex files to sell…

03/08/13
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03/06/13
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  • 22

    Oct

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    Oct

VZ

Verizon

$48.40

0.31 (0.64%)

17:24
10/17/17
10/17
17:24
10/17/17
17:24
Hot Stocks
FCC settles New York City E-rate investigation with Verizon »

The Federal…

03/08/13
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  • 19

    Oct

  • 01

    Nov

SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

17:20
10/17/17
10/17
17:20
10/17/17
17:20
Hot Stocks
Breaking Hot Stocks news story on Select Comfort »

Select Comfort expects to…

03/08/13
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  • 17

    Oct

IBM

IBM

$146.54

-0.29 (-0.20%)

17:17
10/17/17
10/17
17:17
10/17/17
17:17
Hot Stocks
IBM: Global business services signings up for 3rd consecutive quarter »

Says cognitive solutions…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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