Breaking News Instant updates and real-time market news.

ETFC

E-Trade

$45.88

0.88 (1.96%)

, SCHW

Charles Schwab

$44.74

0.34 (0.77%)

05:43
11/21/19
11/21
05:43
11/21/19
05:43

E-Trade drops 16c to $45.70 after CNBC says Schwab in talks to buy Ameritrade

ETFC

E-Trade

$45.88

0.88 (1.96%)

SCHW

Charles Schwab

$44.74

0.34 (0.77%)

AMTD

TD Ameritrade

$41.39

0.74 (1.82%)

  • 21

    Nov

  • 22

    Nov

ETFC E-Trade
$45.88

0.88 (1.96%)

10/18/19
RAJA
10/18/19
NO CHANGE
Target $47
RAJA
Outperform
E-Trade price target raised to $47 from $45 at Raymond James
Raymond James analyst Patrick O'Shaughnessy raised his price target for E-Trade to $47 from $45 and maintained an Outperform rating following the company's Q3 results. In a research note to investors, the analyst says he believes E-Trade's reluctance to pursue a sale in the wake of the most recent round of commission reductions will "frustrate" many investors, but feels that management's commentary leaves the door open for a possible suitor. In the meantime, the analyst says E-Trade is taking aggressive steps to defend EPS such as operating expense reductions and sizable share repurchases.
10/18/19
LEHM
10/18/19
NO CHANGE
Target $32
LEHM
Underweight
E-Trade call commentary suggests 'go-alone' strategy, says Barclays
Barclays analyst Jeremy Campbell says investors "lit up" his phones after E-Trade Financial management said last night on the earnings call that it is "open" to M&A discussions, just as they've always been. Currently, the stock seems to be pricing in ~40% odds of an acquisition, Campbell tells investors in a research note. However, last night's management color, combined with a reiteration of the $7 earnings per share target, which was pushed out a year, signals a continuation of a "go alone" strategy, says the analyst. Campbell believes that with no definitive near-term resolution in sight, E-Trade shares may maintain the "delicate balance between the two binary valuation poles." The poles are a low $30s per share standalone value versus a ~$50 per share takeout price, according to the analyst. He raised his price target for E-Trade shares to $32 from $31 and keeps an Underweight rating on the name.
10/14/19
KBWI
10/14/19
NO CHANGE
KBWI
Hard for Goldman, Morgan Stanley to justify E-Trade deal, says Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl looked into whether an acquisition of E-Trade (ETFC) would make sense for Goldman Sachs (GS) or Morgan Stanley (MS) after the electronic brokers reduced their commission rates. The analyst says he could make the strategic rationale for why a broker would buy an e-broker, namely cost savings and customer base expansion. However, ultimately a deal has to make sense financially as well, and it would be hard for Morgan or Goldman to justify on this basis, Kleinhanzl tells investors in a research note. In addition, with both brokers trading near tangible book value, shareholders would prefer buybacks versus an acquisition as a better use of shareholder capital at this point in the cycle, adds the analyst. As such a result, Kleinhanzl sees a deal for E-Trade as unlikely given the financial and capital impacts. He would be surprised if either broker aggressively pursued E-Trade as an acquisition.
10/09/19
DBAB
10/09/19
NO CHANGE
DBAB
Hold
Deutsche sees 'major' M&A as potential path for E-Trade, Ameritrade
Charles Schwab's (SCHW) move to cut trade commissions to zero is likely to spur business model changes at TD Ameritrade (AMTD) and E-Trade Financial (ETFC), Deutsche Bank analyst Brian Bedell tells investors in a research note. Instead of managing "persistent" revenue declines, management teams should seek to leverage their strong operating platforms and loyal customer base into a more diversified retail financial service offering that includes online banking, digital wealth management and investment advisory, argues the analyst. This may require "major" M&A for E-Trade and Ameritrade, while Schwab can likely augment its wider range of offerings organically or via smaller bolt on deals, says Bedell. He still views Ameritrade as the "most efficient acquirer" of E-Trade, but finds it no longer clear that the combination "would create a broad enough financial services offering for the new revenue paradigm." One alternative idea could be an E-Trade combination with a digital banking and wealth management platform, says the analyst, who analyzed a potential merger with Goldman Sachs (GS). Bedell also wonders if Ameritrade will eventually explore strategic alternatives or if 43% owner TD Bank (TD) will eventually seek to acquire a much larger controlling stake in the company.
SCHW Charles Schwab
$44.74

0.34 (0.77%)

11/05/19
RAJA
11/05/19
DOWNGRADE
RAJA
Market Perform
Raymond James downgrades 'unlikely acquisition candidate' Charles Schwab
Raymond James analyst Patrick O'Shaughnessy downgraded Charles Schwab to Market Perform from Outperform without a price target. The analyst is "not sold" on the notion that Schwab can "meaningfully pivot" towards a more advisory-type business model in a zero commission world. In addition, Schwab is highly levered to interest rates and is an "unlikely acquisition candidate" due to its size, O'Shaughnessy tells investors in a research note. As such, he sees more attractive valuations within the online brokerage industry.
11/05/19
RAJA
11/05/19
DOWNGRADE
RAJA
Market Perform
Charles Schwab downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Patrick O'Shaughnessy downgraded Charles Schwab to Market Perform from Outperform.
10/14/19
SBSH
10/14/19
NO CHANGE
SBSH
Citi opens '30-Day Negative Catalyst Watch' on Waddell & Reed
Citi analyst William Katz opened a "30-Day Negative Catalyst Watch" for Sell-rated Waddell & Reed (WDR) and initiated a "90-Day Positive Catalyst Watch" on Buy-rated Carlyle Group (CG). He also initiated a "Persistent Existentialism" pair trade, or overweight Charles Schwab (SCHW) and underweight TD Ameritrade (AMTD), a stock he downgraded this morning to Sell from Neutral. Into the Q3 earnings season, the analyst lowered his 12-month price targets for the Brokers and Asset Managers to reflect a combination of lower target multiples and reduced earnings prospects.
AMTD TD Ameritrade
$41.39

0.74 (1.82%)

10/14/19
SBSH
10/14/19
DOWNGRADE
Target $27
SBSH
Sell
TD Ameritrade downgraded to Sell from Neutral at Citi
Citi analyst William Katz downgraded TD Ameritrade to Sell from Neutral with a price target of $27, down from $35.50. The analyst expects "another leg down" in the shares given the commission wars among the electric brokers that he believes is not fully factored into the stock. TD Ameritrade's business model now has greater cyclicality, which warrants a low price-to-earnings multiple, Katz tells investors in a research note. The analyst adds that while a potential buyout "seems potent on paper," he sees low visibility on such a deal.
10/14/19
SBSH
10/14/19
DOWNGRADE
SBSH
Sell
TD Ameritrade downgraded to Sell from Neutral at Citi
10/23/19
DBAB
10/23/19
NO CHANGE
Target $39
DBAB
Hold
TD Ameritrade price target raised to $39 from $34 at Deutsche Bank
Deutsche Bank analyst Brian Bedell raised his price target for TD Ameritrade to $39 from $34 saying the company's "solid" fiscal Q4 results and 2020 outlook seem better than originally expected. The analyst, however, reiterates a Hold rating on the shares, saying TD Ameritrade's "evolving business model" in a lower interest-rate backdrop, continued heavy competition, and the search for a permanent CEO may weigh on its valuation.

TODAY'S FREE FLY STORIES

15:03
12/06/19
12/06
15:03
12/06/19
15:03
General news
Consumer Credit data reported »

October Consumer Credit…

DIS

Disney

$147.99

0.52 (0.35%)

15:01
12/06/19
12/06
15:01
12/06/19
15:01
Periodicals
Disney Japan apologizes for stealthy 'Frozen II' advertisements, NAR says »

Disney has apologized for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ICE

IntercontinentalExchange

$94.20

0.56 (0.60%)

14:56
12/06/19
12/06
14:56
12/06/19
14:56
Periodicals
Regulators reject NYSE direct listing plan, Axios reports »

The Securities and…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CCS

Century Communities

$28.32

0.03 (0.11%)

14:46
12/06/19
12/06
14:46
12/06/19
14:46
Conference/Events
Century Communities management to meet with Wedbush »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 11

    Dec

14:45
12/06/19
12/06
14:45
12/06/19
14:45
General news
Treasury Action: supply heats up with $78 B in coupons, »

Treasury Action: supply…

14:45
12/06/19
12/06
14:45
12/06/19
14:45
General news
Consumer Credit to be reported at 15:00 »

October Consumer Credit…

DIN

Dine Brands

$82.10

0.53 (0.65%)

14:44
12/06/19
12/06
14:44
12/06/19
14:44
Conference/Events
Dine Brands management to meet with Wedbush »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 10

    Dec

  • 11

    Dec

NBRV

Nabriva Therapeutics

$1.82

-0.025 (-1.36%)

14:43
12/06/19
12/06
14:43
12/06/19
14:43
Conference/Events
Nabriva Therapeutics management to meet with Wedbush »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 10

    Dec

ORLY

O'Reilly Automotive

$445.92

4.88 (1.11%)

14:42
12/06/19
12/06
14:42
12/06/19
14:42
Conference/Events
O'Reilly Automotive management to meet with Wedbush »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 10

    Dec

NFLX

Netflix

$307.45

4.59 (1.52%)

14:38
12/06/19
12/06
14:38
12/06/19
14:38
Periodicals
Netflix investing about $420M in local content in India, Bloomberg says »

Netflix (NFLX) is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Dec

  • 10

    Dec

AMGN

Amgen

$233.76

0.32 (0.14%)

14:35
12/06/19
12/06
14:35
12/06/19
14:35
Hot Stocks
Amgen confirms FDA approval of Avsola for same indications as Remicade »

Amgen announced that the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Dec

NXPI

NXP Semiconductors

$119.48

2.33 (1.99%)

, MRVL

Marvell

$24.23

0.79 (3.37%)

14:31
12/06/19
12/06
14:31
12/06/19
14:31
Hot Stocks
NXP completes acquisition of Marvell's wi-fi and Bluetooth connectivity assets »

NXP Semiconductors (NXPI)…

NXPI

NXP Semiconductors

$119.48

2.33 (1.99%)

MRVL

Marvell

$24.23

0.79 (3.37%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

  • 06

    Jan

GRFS

Grifols

$22.74

0.38 (1.70%)

14:20
12/06/19
12/06
14:20
12/06/19
14:20
Hot Stocks
Grifols higher after new data show reduction in Alzheimer's progression »

Grifols shares moved…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPY

SPDR S&P 500 ETF Trust

$315.15

3.11 (1.00%)

14:20
12/06/19
12/06
14:20
12/06/19
14:20
Options
Size ratio spread package on Amex appears to adjust open positions »

Size ratio spread package…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
12/06/19
12/06
14:17
12/06/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
12/06/19
12/06
14:16
12/06/19
14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

14:15
12/06/19
12/06
14:15
12/06/19
14:15
General news
Treasury Action: yields are only modestly higher »

Treasury Action: yields…

GRFS

Grifols

$22.74

0.38 (1.70%)

14:12
12/06/19
12/06
14:12
12/06/19
14:12
Hot Stocks
Grifols announces report of clinical trial results at CTAD conference »

In a notice posted to the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

13:55
12/06/19
12/06
13:55
12/06/19
13:55
General news
Action Economics Survey results: maybe it is cliche; but it's true -- Christmas came early »

Action Economics Survey…

ALXN

Alexion

$114.00

6.58 (6.13%)

13:45
12/06/19
12/06
13:45
12/06/19
13:45
Options
Alexion call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Dec

  • 16

    Dec

BIDU

Baidu

$115.82

-1.04 (-0.89%)

, TCEHY

Tencent

$0.00

(0.00%)

13:36
12/06/19
12/06
13:36
12/06/19
13:36
Hot Stocks
Baidu reports filing total of 5,712 AI-related patent applications »

Baidu (BIDU) announced in…

BIDU

Baidu

$115.82

-1.04 (-0.89%)

TCEHY

Tencent

$0.00

(0.00%)

MSFT

Microsoft

$151.36

1.44 (0.96%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Dec

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
12/06/19
12/06
13:17
12/06/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
12/06/19
12/06
13:16
12/06/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AMZN

Amazon.com

$1,749.41

8.82 (0.51%)

13:08
12/06/19
12/06
13:08
12/06/19
13:08
Periodicals
Amazon says U.K. soccer streams brought record Prime sign-ups, Guardian says »

Amazon has said that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BKR

Baker Hughes

$22.28

0.14 (0.63%)

13:05
12/06/19
12/06
13:05
12/06/19
13:05
Hot Stocks
Baker Hughes reports U.S. rig count down 3 to 799 rigs »

Baker Hughes reports the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.