For years, Wall Street pros have been bemoaning the exodus of mom-and-pop investors. Recent data suggest the trend might be changing.» Read More
April 23- Discount brokerage E* Trade Financial Corp's quarterly profit more than doubled, helped by a drop in provision for loan losses and a surge in trading activity. The company's net income rose to $97 million, or 33 cents per share, in the first quarter ended March 31, from $35 million, or 12 cents per share, a year earlier.
OMAHA, Neb.— Online brokerage TD Ameritrade will release its fiscal second-quarter earnings report Wednesday morning. Analysts surveyed by FactSet expect TD Ameritrade Holding Corp. to report earnings per share of 34 cents on $800 million revenue. A year ago, TD Ameritrade reported $144 million net income, or 26 cents per share, on $679 million in the quarter.
About 150 S&P 500 companies are scheduled to release results this week, in an earnings season that has been mediocre.
Some of Monday midday movers:
But the market pushed higher from the get-go Monday, receiving a boost from solid earnings from Citigroup and a strong pickup in retail sales last month. Among the stocks that rose sharply were WebMD, Edwards Lifesciences and Goodrich Petroleum. Citigroup helped stoke the rally.
Take a look at some of Thursday's midday movers:
The knock-on effects from the debate over 'rigged' markets may push high-speed trading firm Virtu to postpone its IPO.
It's time for a public hearing about what's going on with our stock market.
*Wall Street pares gains after late biotech selloff. NEW YORK, March 28- Global equity markets ended higher on Friday but U.S. stocks sharply pared gains after a late selloff in biotechnology shares, while euro zone government bond yields fell on renewed bets the European Central Bank will ease policy next week.
*Momentum stocks still in focus; Netflix falls. NEW YORK, March 28- U.S. stocks ended up on Friday but off their session highs as a late afternoon selloff in the biotechnology sector weighed on the overall market. The Nasdaq Composite Index fell nearly 3 percent for the week, marking its worst week since October 2012.
E-Trade Financial gave its CEO $13.5 million in compensation for his first year on the job.
NEW YORK, March 25- E* Trade Financial Corp, the smallest of the publicly traded online discount brokers, gave its chief executive officer $13.5 million in compensation in his first year on the job, based on his performance "during an important transition period" and comparisons with pay for comparable industry executives.
NEW YORK, March 25- If there is one thing that gives brokerage executives the cold sweats at night, it is the attitude of younger Americans toward the stock market.
Here's how to stop high-frequency trading: Institute a "cancellation tax" or eliminate payment for order flow.
TORONTO, March 13- Toronto-Dominion Bank hopes to expand its U.S. wealth management business, targeting a million people with at least $100,000 in liquid assets who already are customers of its growing U.S. retail bank, said a senior executive of Canada's second-largest lender.
All generations of pre-retirees are facing some level of savings shortfall, but there are steps anyone can take to help build their 401(k).
In addition, questions over whether Russia could be drawn into the conflict in Ukraine will likely weigh on investor sentiment. "It will be interesting to see the action on S&P futures on Sunday night based on the kind of developments we see in Ukraine.
Citadel Connect has nearly tripled in the past year, making it one of the largest U.S. dark pools—where investors can trade anonymously.
A new survey on how investors plan to spend their 2013 tax refunds sheds some light on the state of their personal finances.
NEW YORK, Feb 21- Citadel Securities, one of the top market makers in U.S. stocks and listed stock options, said on Friday that volume on its off-exchange trading platform, Citadel Connect, has nearly tripled in the past year, making it one of the largest U.S. dark pools.