Information Provided By:
Fly News Breaks for January 8, 2018
Jan 8, 2018 | 06:34 EDT
Goldman Sachs analyst Conor Fitzgerald remains bullish on the Brokers and financial service companies heading into 2018. The analyst thinks large-cap mergers and acquisitions could accelerate and financial deals could return. To reflect these trends, Fitzgerald upgraded both Lazard (LAZ) and Stifel Financial (SF) to Buy from Neutral. The analyst prefers E-Trade (ETFC) and Charles Schwab (SCHW) over TD Ameritrade (AMTD) on the belief that commission price cuts are more likely than not in 2018. Further, Fitzgerald views Interactive Brokers' valuation as full and downgraded the shares to Sell from Neutral. Lastly, he sees a more balanced risk/reward for MarketAxess (MKTX) in this low volatility environment and downgraded the shares to Neutral from Buy.
News For LAZ;SF;ETFC;SCHW;AMTD;IBKR;MKTX From the Last 2 Days
Mar 21, 2018 | 14:31 EDT
Shares of U.S. banks and brokerage firms are rallying after The Federal Reserve hiked its benchmark interest rate by a quarter-point to a range of 1.5%-1.75%. The financial sector's profitability increases with higher interest rates. Retail banks, commercial banks, investment banks, insurance companies, and brokerages have large cash holdings due to customer balances. Interest rate hikes directly increase the yield on this cash, and the proceeds impact earnings. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). OTHERS TO WATCH: Charles Schwab (SCHW), E-Trade (ETFC), Interactive Brokers (IBKR) and TD Ameritrade Holding (AMTD).
Mar 20, 2018 | 07:56 EDT
Morgan Stanley analyst Michael Cyprys laid out his three reasons to buy E-Trade. They include: improving fundamentals, with trading activity quarter-to-date 37% above last year's Q4 and both rising interest rates and new SIFI relief legislation providing potential for upside; potential strategic actions, as he thinks E-Trade could potentially be attractive and highly accretive to certain suitors should the firm explore such a route; and compelling valuation, noting that the stock is trading one standard deviation below its historical norm. Cyprys has an Overweight rating and $64 price target on E-Trade shares.
Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.