Nomura Securities Maintains a 'Neutral' on TD Ameritrade (AMTD); Q1 Review: Solid Organic Growth, But Nothing Popped
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Price: $0.76 --0%
Rating Summary:
4 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on TD Ameritrade (NASDAQ: AMTD) price target of $20.00.
Analyst, Keith Murray, said, "Solid asset gathering (11% organic growth rate), a sequential pick-up in trading, and NIM stabilization led to a 3% q/q increase in revenues. Expenses ex-advertising were held in check and AMTD posted a solid 31.5% pretax margin and 13% ROE. We think the share buyback of 775k was less than expected and the trading outlook remains sluggish (April DARTs -4.6% so far). We think the TD Ameritrade story remains pretty much the same, with pressure from low rates and sluggish trading activity largely offsetting the benefit of strong organic growth. As a result, earnings growth is likely to stay muted in the near term."
For an analyst ratings summary and ratings history on TD Ameritrade click here. For more ratings news on TD Ameritrade click here.
Shares of TD Ameritrade closed at $18.78 yesterday.
Analyst, Keith Murray, said, "Solid asset gathering (11% organic growth rate), a sequential pick-up in trading, and NIM stabilization led to a 3% q/q increase in revenues. Expenses ex-advertising were held in check and AMTD posted a solid 31.5% pretax margin and 13% ROE. We think the share buyback of 775k was less than expected and the trading outlook remains sluggish (April DARTs -4.6% so far). We think the TD Ameritrade story remains pretty much the same, with pressure from low rates and sluggish trading activity largely offsetting the benefit of strong organic growth. As a result, earnings growth is likely to stay muted in the near term."
For an analyst ratings summary and ratings history on TD Ameritrade click here. For more ratings news on TD Ameritrade click here.
Shares of TD Ameritrade closed at $18.78 yesterday.
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