Nomura Securities Maintains a 'Neutral' on TD Ameritrade (AMTD); Q2 Review
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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, "AMTD reported EPS of $0.25 vs. our/consensus ests of $0.26/$0.25. AMTD posted solid organic growth in F2Q12, bringing in $10.8bn net new assets (11% annualized organic growth). Interest-sensitive assets reached a record $79bn, up 13% y/y, further enhancing AMTD’s earnings power when interest rates eventually rise. Management noted that a 100bp increase in interest rates would boost EPS by $0.28 in year 1, $0.39 in year 2 (up from previous guidance of $0.37), and $0.50 in year 3, up from $0.46. We think AMTD’s full earnings potential will take a while to shine through. F12E/F13E EPS from $1.10/$1.33 to $1.08/$1.33, respectively."
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 $18.74 yesterday.
Analyst, Keith Murray, said, "AMTD reported EPS of $0.25 vs. our/consensus ests of $0.26/$0.25. AMTD posted solid organic growth in F2Q12, bringing in $10.8bn net new assets (11% annualized organic growth). Interest-sensitive assets reached a record $79bn, up 13% y/y, further enhancing AMTD’s earnings power when interest rates eventually rise. Management noted that a 100bp increase in interest rates would boost EPS by $0.28 in year 1, $0.39 in year 2 (up from previous guidance of $0.37), and $0.50 in year 3, up from $0.46. We think AMTD’s full earnings potential will take a while to shine through. F12E/F13E EPS from $1.10/$1.33 to $1.08/$1.33, respectively."
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 $18.74 yesterday.
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