Market Overview

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

Related AMTD
TD Ameritrade Discusses The 4% Rule And Savings: 'Be Disciplined And Make Changes Based On Rational Decisions'
Fast Money Halftime Report Final Trade From December 8
Aging Population Could be Bullish for Asset Managers (Fox Business)

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

DateFirmActionFromTo
Dec 2014Deutsche BankMaintainsBuy
Nov 2014CitigroupMaintainsBuy
Nov 2014CitigroupUpgradesNeutralBuy

View More Analyst Ratings for AMTD
View the Latest Analyst Ratings

Posted-In: Sterne Agee GroupAnalyst Color Initiation Analyst Ratings

 

Related Articles (AMTD)

Around the Web, We're Loving...

Get Benzinga's Newsletters