Stockbrokers.com just ranked this brokerage company #1. The shares were recently upgraded to ‘Outperform’ at Credit Suisse and Nomura.
TD Ameritrade Holding Corp (AMTD)
From The Personal Capitalist
Td Ameritrade Holding Corp (AMTD) reported an average of 521 K client trades per day in January, down 8% from a fairly busy January one year ago. The company’s net margin has been higher than its industry average for each of the past five years, plus its interest coverage has been higher than its industry average for each of the past five years.
Record client assets were reported at $815 billion, up 22% year over year. Earnings per share were $.41, up 5% year over year. Record net revenues were $859 billion, 57% being asset-based.
Schwab recently lowered transaction rates which is important, but probably will have little meaningful impact to AMTD. Credit Suisse feels it will impact AMTD’s earnings per share only 6% and is already priced into the stock. Suisse suggests buying the dip for the long-term.
We agree.
Sean Christian, The Personal Capitalist, 9524 East 81st Street, Suite B #1715, Tulsa, OK 74133, February 16, 2017