Market Overview

UPDATE: Sterne Agee Initiates Coverage on TD Ameritrade Holding with Buy Rating, $19 PT

Related AMTD
Millennials Love ETFs And These Are The ETFs They Love
Earnings Scheduled For October 27, 2015

In a report published Friday, Sterne Agee Group initiated coverage on TD Ameritrade Holding Corp. (NYSE: AMTD) with a Buy rating and $19.00 price target.

Sterne Agee noted, “We view AMTD as an attractive way to play the on-line brokerage sector given leverage to trading volumes which we expect will bounce back long before interest rates, the firm's ‘bank light' business model, significant excess capital, and a reasonable valuation. While we may be early with this call, we believe EPS has troughed and growth in client accounts/assets positions the firm for substantial earnings growth when trading volumes rebound and interest rates begin to normalize.”

TD Ameritrade Holding Corp. closed on Thursday at $15.93.

Latest Ratings for AMTD

Nov 2015Deutsche BankMaintainsBuy
Oct 2015BarclaysMaintainsOverweight
Oct 2015Keefe Bruyette & WoodsMaintainsOutperform

View More Analyst Ratings for AMTD
View the Latest Analyst Ratings

Posted-In: Sterne Agee GroupAnalyst Color Initiation Analyst Ratings


Related Articles (AMTD)

View Comments and Join the Discussion!

Get Benzinga's Newsletters