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UBS Upgrades E-Trade, Downgrades TD Ameritrade After Commission-Free Shake-Up
Monday, October 7, 2019 - 11:20am | 484Read More...Discount broker stocks were pounded last week after most of the biggest names cut stock and ETF online trading fees to $0. The commission cuts will create near-term growth headwinds for the group, but one analyst said Monday the sell-off is a buying opportunity in one top broker stock. The Analyst...
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'Zero Commissions Now A Reality': Wall Street Reacts To Broker Commission Cuts
Wednesday, October 2, 2019 - 9:21am | 738Read More...A week after Interactive Brokers Group, Inc. (NASDAQ: IBKR) introduced a platform that eliminated trading fees, both Charles Schwab Corporation (NYSE: SCHW) and TD Ameritrade Holding Corp. (NASDAQ: AMTD) have followed suit and cut fees on all stock and ETF trades to $0. Online broker stocks have...
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A Brokerage Trade: UBS Upgrades TD Ameritrade, Downgrades Charles Schwab
Monday, November 19, 2018 - 10:24am | 498Read More...Online brokers are getting some attention from Wall Street Monday after one Wall Street analyst adjusted his rating for three popular stocks. The Analyst UBS analyst Brennan Hawken upgraded TD Ameritrade Holding Corp. (NASDAQ: AMTD) from Neutral to Buy and raised his price target from $58 to $60....
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The Evercore Story Is Bigger Than Qualcomm, Says Bullish UBS Analyst
Tuesday, January 9, 2018 - 11:10am | 418Read More...Despite Evercore Inc (NYSE: EVR)'s heavy reliance on QUALCOMM, Inc. (NASDAQ: QCOM), a UBS analyst said the company can continue to grow and diversify. The Analyst UBS analyst Brennan Hawken upgraded Evercore from Neutral to Buy and increased the price target from $82 to $105. The...
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Earnings Quality At Goldman Sachs Questionable, UBS Downgrades
Monday, July 24, 2017 - 11:24am | 436Read More...Shares of Goldman Sachs Group Inc (NYSE: GS) have lost nearly 10 percent since the start of 2017, and after the company's earnings report, analysts at UBS think there are "better opportunities" elsewhere. UBS's Brennan Hawken downgrades Goldman Sachs' stock rating from Buy to Neutral with a price...
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T. Rowe Price May Have A Hard Time Running In Place, Let Alone Achieving Growth
Wednesday, May 24, 2017 - 1:24pm | 383Read More...The U.S. Department of Labor's new fiduciary rule partially kicks in on June 9 (fully implemented on January 1, 2018) and will impact financial professionals who advise retirement investors. According to a Forbes report, the "DOL" rule dictates that advisers must give advice that is...
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Hard To Put A Shiny Spin On Goldman's Dull Q1 Results
Tuesday, April 18, 2017 - 10:57am | 446Read More...Shares of Goldman Sachs Group Inc (NYSE: GS) fell more than 4 percent on Tuesday in reaction to the bank's first-quarter earnings report, which consisted of both and earnings and revenue miss. Ahead of the earnings report notable bank analyst Mike Mayo named Goldman Sachs his top pick in the space...
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Amid Broker Pricing Wars, E*Trade's Stock Initiated With A Buy
Monday, March 13, 2017 - 12:06pm | 397Read More...Brennan Hawken of UBS initiated coverage of E*TRADE Financial Corp (NASDAQ: ETFC) on Monday with a Buy rating and $43 price target as the company has various paths towards value creation. E*Trade's acquisition of OptionsHouse should be viewed as "key" to the company's turnaround...
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Here's Why One Analyst Prefers Charles Schwab
Monday, March 13, 2017 - 12:00pm | 586Read More...The ongoing price war among online brokers could continue for some time as firms are looking to win over clients by offering superior services at better prices. While this is certainly welcome news for customers, the same can't necessarily be said for investors. Brennan Hawken of UBS assumed...
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WisdomTree Provides Little Fruit For Investors; UBS Says Sell
Wednesday, November 2, 2016 - 2:45pm | 276Read More...UBS thinks WisdomTree Investments, Inc. (NASDAQ: WETF) has nothing to offer except ETFs, although it is not a proxy to the wider ETF market. Therefore, the firm initiated the stock at a Sell and attached a price objective of $7.00, implying downside risks of more than 15 percent from the current...
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In Light Of Fraud Settlement, UBS Says Wells Fargo Estimates May Be Too High
Thursday, September 15, 2016 - 3:39pm | 323Read More...The $185 million settlement that Wells Fargo & Co (NYSE: WFC) recently paid related to fraud charges was just a drop in the barrel of the company’s $22.9 billion in annual income. However, according to UBS analyst Brennan Hawken, the scandal has done a lot more damage to Wells Fargo than...
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Morgan Stanley's Q2 Results Earn It A Higher Price Target From UBS
Thursday, July 21, 2016 - 1:30pm | 322Read More...UBS raised its estimates and price target on Morgan Stanley (NYSE: MS) after it announced better-than-expected adjusted earnings and revenue for the second quarter. Commenting on the results, UBS said "resiliency in a tough market should allow for more comfort with the story."...
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Citi Shakes Off Election Uncertainty, Brexit Headwinds; Outlook Remains Constructive
Monday, July 18, 2016 - 9:22am | 321Read More...With positive momentum in the branded card business, the 2H outlook for Citigroup Inc (NYSE: C) remains encouraging, UBS’s Brennan Hawken said in a report. He maintained a Buy rating on the company, while reducing the price target from $54 to $53. “Despite uncertainty in the UK, an...
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UBS Sees Capital Returns Plans By Big Banks 'Largely Better Than Expected'
Thursday, June 30, 2016 - 1:17pm | 318Read More...The post-Brexit attitude toward U.S. bank stocks took a sharp 180-degree turn this week. Shares of the “Big Four” U.S. banks were all down double-digits following the Brexit vote that threatened to rock global financial markets. However, shares of Wells Fargo & Co (NYSE: WFC),...
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UBS Downgrades Franklin Resources To Sell: 'Flows Likely To Get Worse Before They Get Better'
Thursday, June 2, 2016 - 9:40am | 202Read More...UBS's Brennan Hawken downgraded Franklin Resources, Inc. (NYSE: BEN) to Sell from Neutral with a price target of $28.00 from $39.00. The rating change came after the company reported earnings short of estimates. The analyst was specifically concerned about the company's exposure to the...
