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Wells Fargo Downgrades Wealth Management Stocks
Monday, May 18, 2020 - 2:01pm | 511Read More...Given the sweeping uncertainty created by COVID-19, the name of the game these days on Wall Street is risk management. For now, LPL seems to be the most risk averse stock among the three wealth managers mentioned, yet its stock price performance year to date has not reflected that relatively...
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Wall Street Analysts Love Schwab's Pursuit Of TD Ameritrade
Thursday, November 21, 2019 - 11:35am | 690Read More...TD Ameritrade Holding Corp. (NASDAQ: AMTD) shares jumped 24% on Thursday and Charles Schwab Corporation (NYSE: SCHW) shares gained 11% on reports that a merger between the two online brokers could be imminent. Fox Business reported Schwab wants to buy TD Ameritrade for $26 billion. A combination of...
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Wells Fargo Downgrades Online Brokers, Says Finding Bull Case 'Has Become Very Difficult'
Thursday, October 3, 2019 - 9:38am | 525Read More...The recent wave of commission cuts among online brokers has generated even more fallout on Thursday, with another analyst downgrading the group. The Analyst Wells Fargo analyst Christopher Harris issued the following downgrades on Thursday: TD Ameritrade Holding Corp. (NASDAQ: AMTD) downgraded...
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'Zero Commissions Now A Reality': Wall Street Reacts To Broker Commission Cuts
Wednesday, October 2, 2019 - 10:21am | 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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Wells Fargo: 3 Reasons Stifel Financial Presents A Compelling Opportunity
Friday, December 1, 2017 - 5:15pm | 355Read More...Stifel Financial Corp (NYSE: SF) reported a third quarter profit of $66.5 million after the close Oct. 30. The Analyst Wells Fargo's Christopher Harris upgraded Stifel Financial from Market Perform to Outperform and increased his price target for the stock from $56 to $64 in a...
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Winding Down Market Making Operations Costs Interactive Brokers Its Market Perform Rating At Wells Fargo
Monday, April 3, 2017 - 9:51am | 298Read More...Interactive Brokers Group, Inc. (NASDAQ: IBKR) could face challenges in the near term, with the winding down of its Market Making operation and growth in commissions, and the stock could come under pressure “during this transition period,” especially since the consensus EPS estimates...
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A Deep Dive Into Interactive Brokers Decision To Cease Market Making Operations
Thursday, March 9, 2017 - 1:40pm | 270Read More...Wells Fargo maintained its Market Perform rating on Interactive Brokers Group, Inc. (NASDAQ: IBKR), which announced its decision to close its market making operations and solely focus on e-brokerage business. Analyst Christopher Harris says the move isn't a complete surprise as Interactive...
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BlackRock Still Growing Despite Difficult Landscape
Wednesday, October 19, 2016 - 3:22pm | 317Read More...Wells Fargo cut its EPS estimate of BlackRock, Inc. (NYSE: BLK), saying the company’s core performance in the third quarter fell short of its expectations. The company’s third quarter adjusted EPS of $5.14 is above both the consensus $(5.00) and Wells Fargo estimate $(5.06). However...
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Analysts At Wells Fargo Are Increasingly Confident In Nasdaq's Ability To Execute
Thursday, July 28, 2016 - 2:39pm | 407Read More...Wells Fargo commented that it is increasingly confident in Nasdaq Inc. (NASDAQ: NDAQ) executing on its various targets. This is despite the firm stating that its outlook hasn't materially changed. 2Q Results' Analysis: Highs And Lows Wells Fargo analyst Christopher Harris attributed the better-than...
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KKR Moves Into Australia While Apollo Global Shares Move 'Down Under'
Wednesday, August 20, 2014 - 8:38am | 448Read More...Bigger Picture: Shares Of Apollo Global Management Continue Slide On Downgrade Blackstone Group LP (NYSE: BX) is the largest alternative asset management firm, by AUM, and currently has more than $80 billion of real estate assets under management worldwide. On August 15, 2014, Wells Fargo...
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UPDATE: Wells Fargo Securities Upgrades Invesco as Fundamentals Have Become Disconnected from Valuation
Monday, November 11, 2013 - 12:11pm | 154Read More...In a report published Monday, Wells Fargo Securities analyst Christopher Harris upgraded the rating on Invesco (NYSE: IVZ) from Market Perform to Outperform. In the report, Wells Fargo Securities noted, “Upgrading IVZ to Outperform from Market Perform as we believe fundamentals have become...
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J.P. Morgan Reports CEO Transition On Harris Corporation
Tuesday, May 24, 2011 - 9:03am | 220Read More...According to J.P. Morgan, Harris Corporation (NYSE: HRS) announced yesterday that it has begun a CEO succession process after current CEO Howard Lance announced plans to leave the position in June 2012 or when a successor has been identified. J.P. Morgan said that we have long been concerned about...
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Kayne Anderson Energy Development Co. (KED) Maintains Market Perform Rating
Wednesday, March 31, 2010 - 2:47pm | 102Read More...Analysts Christopher Harris and Jim Shanahan at Wells Fargo Securities have released an update on Kayne Anderson Energy Development Co. (NYSE: KED). The company has announced that it has closed a new credit facility, which replaces a facility scheduled to mature in June this year. The size of the...
