Keefe, Bruyette & Woods still views TD Ameritrade Holding Corp. AMTD as an outperform, but its price target has been lowered to $21.00 and reiterates the risks involved with retail investing declining to lower levels.
Net revenues were a quarterly record at $691.8 million (up 8.9% q/q) and expenses came in lower than expected, according to Keefe, Bruyette & Woods.
TD Ameritrade Holding Corp. closed yesterday at $15.23.
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Posted In: Analyst ColorNewsPrice TargetMarketsAnalyst RatingsKeefe Bruyette & WoodsTD Ameritrade Holding Corporation
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