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More retail investors are putting their money into the market, and online brokerages are reaping much of the benefit.Shares of the major online brokerages ticked higher on Thursday following upbeat trading data for the month of May from both TD Ameritrade (NASDAQ:AMTD) and E*Trade (NASDAQ:ETFC) as investors poured cash into equities.TD Ameritrade said average client trades per day climbed 13% in May to 417,000 from the same period last year. Trades were up 9% from April.The Omaha, Neb.-based securities brokerage said total client assets as of May 31 were $530.9 billion, up 23% from the year-earlier period, while average spread-based balances grew 14% to $83.8 billion. Average fee-based balances grew 37% to $119.9 billion from the same period in 2012.Shares of TD Ameritrade jumped 2% to $22.90 in recent trade and are up close to 38% on the year. Credit Suisse (NYSE:CS) raised its price target on the company to $19 from $18.50, but maintained its "neutral" rating.E*Trade's shares rose 1%...
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Charles Schwab Corp. (SCHW) Chief Executive Walt Bettinger told investors on Thursday how many notches the firm will tighten its belt amid soft trading volumes and l...
E*Trade Financial Corp. (ETFC) said its first-quarter profit fell 44% as the online brokerage experienced weaker customer trading volume, though it set aside less mo...
United Advisors Chief Market Strategist Scott Martin, “Trade Like a Stock Market Wizard” author Mark Minervini and StreetTalk Advisors CEO Lance Roberts on the market outlook.
TD Ameritrade Holding Corp.'s (AMTD) fiscal second-quarter profit rose 5.1%, helped by a nearly 20% increase in net new assets, but the online brokerage said its tra...
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TD Ameritrade Holding Corp. (AMTD) Chief Executive Fred Tomczyk said that while investor sentiment has improved, the engagement "remains tepid" and trading activity ...
FBN’s Diane Macedo breaks down the earnings reports.
Aided by slightly improved revenue, TD Ameritrade Holding Corp. (NYSE:AMTD) recorded a second-quarter profit that rose 5.1% despite trading volume that remained weak...
TD Ameritrade Holding Corp.'s (AMTD) fiscal second-quarter earnings rose 5.1% as the online brokerage posted modestly stronger revenue and lower operating expenses, ...
Charles Schwab Corp.'s (SCHW) first-quarter profit rose 5.6% from a year ago as a stock market rally boosted the company's net new assets by 12% and asset management...
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The former trader who has just taken the reins of the biggest U.S. stock-options exchange wants to introduce more of the world to fear.Edward Tilly, who this week as...
TD Ameritrade Holding Corp. (AMTD) hired two former executives of online brokerage rival E*Trade Financial Corp. (ETFC) to fill lead roles within its fixed income bu...
Charles Schwab Corp. (SCHW) shareholders approved last year's compensation for top executives of the discount brokerage and signed off on a company proposal to issue...
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Forecasts of a steady deterioration in profit at Merrill Lynch, Morgan Stanley , Wells Fargo Advisors and UBS Wealth Management Americas are highly exaggerated, anal...
Gov. Dave Heineman, (R-Neb.), on the economic impact of the Berkshire Hathaway annual meeting and the Keystone Pipeline.
Forecasts of a steady deterioration in profit at Merrill Lynch, Morgan Stanley , Wells Fargo Advisors and UBS Wealth Management Americas are highly exaggerated, anal...
