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SeekingAlpha.com (Free subscription) | 08/16/2009
Jessica Johnson submits: The short base (as measured by Percent Shares Outstanding On Loan) for E*Trade Financial Corp ( ETFC ) has increased 121.78% over the past 3 month and now stands at 14.94%. This is up over 285.56% from the 52 week low hit on June 26, 2009. When compared to other North American Financial Services Companies, the short base is well above average for the sector. It is considerably...
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Market Watch (Free subscription) | 07/20/2009
NEW YORK (MarketWatch) -- TD Ameritrade Holding Corp. will pay $456 million to investors who purchased auction-rate securities from the broker as part of a settlement to recoup losses when credit markets froze last year, according to a press release Monday from the office of New York's Attorney General, Andrew Cuomo. "With the $456 million settlement today, TD Ameritrade joins eleven underwriting...
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Market Watch (Free subscription) | 07/20/2009
BOSTON (MarketWatch) -- TD Ameritrade Holding Corp. on Monday said it will buy back some auction-rate securities purchased by clients who lost money when the ARS market seized up during the credit crunch. Separately, the Securities and Exchange Commission said Monday it has settled charges against the online broker for making inaccurate statements when selling ARS to customers. In related news, The...
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Market Watch (Free subscription) | 04/21/2009
(Adds analyst comments, updates share price.) NEW YORK (MarketWatch) -- For TD Ameritrade Holding Corp. , higher trading volumes continue to buffer against declining client assets and low interest rates. The Omaha, Neb., online broker's fiscal second-quarter profit fell 30% as the company added $6.4 billion in net new assets, down 7.2% from a year ago. With sharp declines in equity markets, total client...
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Financial24 (Free subscription) | 04/21/2009
NEW YORK, April 21 - TD Ameritrade Holding Corp reported better-than-expected quarterly revenue driven by near-record trading volumes in March, lifting its shares, but low interest rates continue
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Market Watch (Free subscription) | 04/21/2009
NEW YORK (MarketWatch) -- For TD Ameritrade Holding Corp. , higher trading volumes continue to buffer against declining client assets and low interest rates. The Omaha, Neb., online broker's fiscal second-quarter profit fell 30% as the company added $6.4 billion in net new assets, down 7.2% from a year ago. With sharp declines in equity markets, total client assets fell to $225 billion, a decline of...
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Market Watch (Free subscription) | 04/21/2009
TD Ameritrade Holding Corp.'s fiscal second-quarter net income fell 30%, but higher trading volumes helped the online broker weather a drop in assets and a sluggish market. TD Ameritrade, along with other brokers, has been hurt as client assets have plunged with the market. The company, in the process of switching to an asset-gathering business model from a focus on trading, saw net new client assets...
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Market Watch (Free subscription) | 04/21/2009
BOSTON (MarketWatch) -- TD Ameritrade Holding Corp. on Tuesday said its fiscal second-quarter net income fell to $132 million, or 23 cents a share, from $186.7 million, or 31 cents a share, in the year-earlier period. The online broker said net revenue dropped to $525.5 million from $622.9 million. Analysts polled by Thomson Reuters had forecast quarterly earnings of 23 cents a share on revenue of...
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Market Watch (Free subscription) | 02/18/2009
TD Ameritrade Holding Corp. is buying back a bit more than $400 million of its common shares from its founding family, the Ricketts, who will use the proceeds to help fund their acquisition of the Chicago Cubs baseball team.
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Market Watch (Free subscription) | 02/18/2009
NEW YORK (MarketWatch) -- TD Ameritrade Holding Corp. said Wednesday that its board of directors has authorized the repurchase of 34 million shares from its second-largest shareholder, the family of founder Joe Ricketts. The Ricketts plan to use the proceeds in connection with the family's bid to buy the Chicago Cubs. The company will use this transaction to complete its existing buyback programs,...
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atHome Top Story (Free subscription) | 02/06/2009
TD Bank Financial Group has confirmed it is raising its ownership of U.S. brokerage TD Ameritrade Holding Corp. to 45 per cent from 39.9 per cent.
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