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What’s the best way to trade surging volatility in this unfriendly market?
TD Ameritrade Holding said Thursday its first-quarter profit rose 65 percent, as trading activity and client assets rose, prompting the brokerage to boost its 2008 profit forecast despite signs the U.S. economy is weakening.
U.S. discount brokerage TD Ameritrade raised its outlook for first-quarter earnings, and said average daily trades per client rose to their highest ever level in November.
Online brokerage E-Trade Financial Corp, which has been pounded by credit woes in the mortgage business, said on Thursday that it was getting a $2.55 billion cash infusion from investors led by Citadel Investment Group.
Stocks closed higher in a shortened session as the kickoff to the holiday shopping season lifted retail stocks, while signs of progress in a plan to relieve credit market strain helped major banking stocks.
E-Trade Financial, the beleaguered online trader, is in talks to sell itself, according to people familiar with the situation. Bankers say that while there is plenty of interest, it is far from clear whether anything will get done.
Stocks ended broadly higher amid continued strength in the tech sector, which gained following Research in Motion's deal to distribute BlackBerry smartphones in China, along with strong earnings reported by Apple.
U.S. discount brokerage TD Ameritrade Holding Corp posted a higher quarterly profit Tuesday as client assets grew and the summer's stock market volatility led to increased trading activity among clients.
Online brokerage TD Ameritrade Holding said Friday one of its databases was hacked and contact information for its more than 6.3 million customers was stolen.
A late rally pushed U.S. stocks sharply higher at the close as takeover news and rate-cut speculation overshadowed jitters about tighter credit markets. "We think that liquidity is returning to the market after being problematic," said Kevin Cronin, head of investments at Putnam. "We think the Fed's actions last week righted the ship."
The chief executive on TD Ameritrade told CNBC on Wednesday it could not comment on recent merger speculation but said the company continues to talk to competitors, as disclosed in a regulatory filing submitted several weeks ago.
Wall Street prepares for lift off on the opening amid calmer credit markets, higher world stock markets and some merger news. European stock markets are comfortably higher, and Asia closed higher though Japan stocks were flat on the rising yen.
Corporate news and analyst upgrades were some of the catalysts behind the most actively traded stocks on Monday.
Stocks rallied as investors snapped up shares in the beaten-down financial sector despite uneasiness surrounding the health of credit markets and the U.S. economy. "We got a big sigh-of-relief rally," said Arthur Cashin, director of floor operations at UBS.
Add Internet billionaire and Dallas Mavericks owner Mark Cuban to the list of potential Chicago Cubs buyers.
Have activist shareholders become the enemy of the common shareholder? At least when it comes to TD Ameritrade, Cramer's worried.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Two hedge funds said Friday they plan to ask TD Ameritrade to disclose documents relating to any merger discussions, renewing pressure on the company to combine with a competitor.
Cramer's call on the brokerages. Also, what to buy and what to sell on a down day.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Imagine you're a CEO or board member of a publicly traded company and you get this letter, signed by two very powerful, very successful hedge funds: Dearest Sir, We believe you should make a huge acquisition because the company as it stands won't deliver the returns we want (I.E. not BIG enough!). By the way, we own a huge stake in your company, and we WILL make it bigger. (Read between the lines: Do what we say, or else.) XOXO, SAC and Jana.
In an exclusive interview with CNBC, Joe Moglia, CEO of TD Ameritrade, said his company will consider merging with a competitor but won't rush into any agreement.“You should assume that we’ve been talking to people in the industry all along and we would continue to do that,” Moglia said.