Nomura Securities Maintains a 'Neutral' on TD Ameritrade (AMTD); Q3 Results 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 $18.00.
Analyst, Keith Murray, said, "AMTD Reported EPS of $0.28 vs. Our/Consensus Estimates of $0.27/$0.26. Revenues were sluggish, but AMTD posted solid asset gathering, a 5bp sequential increase in its NIM, and very solid expense control. Trading results were soft and July is off to a slow start. 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. We expect net new assets, spread-based revenue, fee revenues, good expense control, solid 14% ROE and buy-backs to be positive catalysts in next quarter. Our estimates and target price (based on 16x our F2013E EPS) are unchanged."
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 $18.38 yesterday.
Analyst, Keith Murray, said, "AMTD Reported EPS of $0.28 vs. Our/Consensus Estimates of $0.27/$0.26. Revenues were sluggish, but AMTD posted solid asset gathering, a 5bp sequential increase in its NIM, and very solid expense control. Trading results were soft and July is off to a slow start. 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. We expect net new assets, spread-based revenue, fee revenues, good expense control, solid 14% ROE and buy-backs to be positive catalysts in next quarter. Our estimates and target price (based on 16x our F2013E EPS) are unchanged."
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 $18.38 yesterday.
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