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IBKR

Interactive Brokers

$47.51

0.34 (0.72%)

16:02
10/15/19
10/15
16:02
10/15/19
16:02

Interactive Brokers reports Q3 EPS 39c, consensus 49c

Reports Q3 revenue $466M, consensus $476.09M.

  • 15

    Oct

IBKR Interactive Brokers
$47.51

0.34 (0.72%)

10/01/19
GSCO
10/01/19
NO CHANGE
GSCO
Goldman says matching Schwab cut could hit E-Trade, TD Ameritrade EPS by 15%-20%
After Charles Schwab (SCHW) announced it would cut commissions on equities, ETFs and options trades on U.S. and Canadian exchanges from $4.95 per trade to zero, Goldman Sachs analyst Will Nance estimated this move will lower the company's revenues by $90M-$100M per quarter, or about $380M annually. If TD Ameritrade (AMTD) and E-Trade (ETFC) were to match Schwab's announcement, Nance estimates a 21% impact to TD Ameritrade's 2020 consensus EPS forecast and a 17% impact to E-Trade's 2020 consensus EPS forecast. He has Neutral ratings on Interactive Brokers (IBKR) and TD Ameritrade and Buy ratings on Charles Schwab and E-Trade.
10/02/19
COMP
10/02/19
UPGRADE
Target $56
COMP
Buy
Interactive Brokers upgraded to Buy from Neutral at Compass Point
Compass Point analyst Christopher Allen upgraded Interactive Brokers Group to Buy from Neutral with a price target of $56.
10/02/19
10/02/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Spotify (SPOT) upgraded to Neutral from Underperform at Credit Suisse with analyst Brian Russo saying with a "negative narrative" gaining momentum since the summer, expectations for a Q3 subscriber miss are now priced into the stock. 2. Carter's (CRI) upgraded to Buy from Neutral at DA Davidson with analyst John Morris saying he believes that the company is better positioned to beat on earnings expectations heading into the Fall and Holiday seasons with diminished cost and investment pressures as well as subsiding "sector-wide consolidation turbulence." 3. Kratos Defense (KTOS) upgraded to Outperform from Market Perform at Noble Capital with analyst Joe Gomes saying the company is continuing to win awards. 4. Tractor Supply (TSCO) upgraded to Buy from Neutral at Northcoast with analyst Charles Cerankosky saying his survey pointed to strong customer demand. 5. Interactive Brokers (IBKR) upgraded to Buy from Neutral at Compass Point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/03/19
WELS
10/03/19
DOWNGRADE
WELS
Underperform
Wells Fargo downgrades E-Brokers after material commission cuts
Wells Fargo analyst Christopher Harris double downgraded TD Ameritrade (AMTD) to Underperform from Outperform and downgraded both E-Trade Financial (ETFC) and Charles Schwab (SCHW) to Market Perform from Outperform. He also reducing his rating on the Broker coverage sector to Market Weight from Overweight. Harris maintains an Underperform rating on Interactive Brokers (IBKR). While admitting he doesn't like to lower ratings a material event, namely the reduction of certain trading commission rates to zero, the analyst believes that "identifying a bull case for this group now has become very difficult." Organic growth is slowing, interest rates are declining and "significant chunks of trading revenue are going away," Harris tells investors in a research note. The only positives he sees, other than the possibility of a short-term relief rally for the stocks, are likely expense cuts and stock buybacks. However, earnings benefits from those sort of actions don't deserve a very high multiple, contends Harris. His double downgrade of TD Ameritrade reflects the company's "current worst-in-class" earnings growth profile, corporate governance "missteps," and fewer idiosyncratic drivers of upside relative to peers.

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AVEO

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AMRN

Amarin

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WRK

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JCOM

j2 Global

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ELS

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  • 28

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KRTX

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EGFEY

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SPLK

Splunk

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CANG

Cango

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WDAY

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BPIRD

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MUFG

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ISSDY

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AMKBY

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TMUS

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BUD

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