TD Ameritrade (AMTD) to Acquire Scottrade in $4B Cash & Stock Deal

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Go back to TD Ameritrade (AMTD) to Acquire Scottrade in $4B Cash & Stock Deal

SunTrust Robinson Humphrey Reiterates Buy as TD Ameritrade (AMTD) Announces Scottrade Acquisition

October 25, 2016 8:27 AM EDT

SunTrust Robinson Humphrey reiterated a Buy rating on TD Ameritrade (NASDAQ: AMTD), and raised the price target to $42.00 (from $38.00), following the company's 4Q earnings report and announced acquisition of Scottrade. The total consideration ($4 billion) and basic structure of the transaction were consistent with earlier... More

S&P hits two-week high on strong earnings; M&A supports

October 24, 2016 7:28 AM EDT

By Rodrigo Campos

NEW YORK - (Reuters) - The S&P 500 hit a two-week high on Monday on the back of strong earnings, while a flurry of acquisitions indicated corporate America continues to see untapped value in the market.

Annualized third-quarter earnings from S&P 500 components are expected to have risen 1.1 percent last quarter, following four quarters of contraction, according to Thomson Reuters I/B/E/S data. Of the 120 companies that have reported so far, 78 percent have beaten analyst expectations, above the long-term average of 63.5 percent.

Microsoft, which handily beat expectations last week, rose 2.2... More

TD Ameritrade (AMTD) Misses Q4 EPS by 3c

October 24, 2016 6:31 AM EDT

TD Ameritrade (NASDAQ: AMTD) reported Q4 EPS of $0.35, $0.03 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $829 million versus the consensus estimate of $838.27 million.

GUIDANCE:

TD Ameritrade sees FY2017 EPS of $1.50-$1.80.

For earnings history and earnings-related data on TD Ameritrade (AMTD) click here.

... More