There have been several hearings on stock trading since "Flash Boys," but this one is a little different. Here's why.» Read More
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.
Two hedge funds took an 8.4% stake in TD Ameritrade Holding and sent the online brokerage a letter urging it to merge with either E*Trade Financial or Charles Schwab. TD Ameritrade expressed willingness to consider such an offer.
The chief executive of online brokerage TD Ameritrade said retail investors have been participating in the recent rally in the stock market but remain cautious.
Here's a look at the contest stocks making news. Earnings boosted Jos A Bank to one of the best performing stocks--as the clothing store chain saw its income rise from a year ago. Also on the best performing list--East West Bancorp. We noted earlier that this stock pushed Serge Amelayn into the current top spot on the leaderboard. Here ya go:
The Dow closed within striking distance of a new record following another batch of strong earnings reports. "I think this market is acting great," said Todd Leone head of listed trading at Cowen & Company. "We've had a tremendous rally and we’re still making a number of new highs. It's really acting well."
Two major online brokerages are facing selling pressure Tuesday after reporting mixed earnings results. TD Ameritrade said second-quarter profit fell 18% from the year-ago period and warned full-year results would be lower than its previous forecast, hurt by reduced trading volume and weaker commissions. Charles Schwab, meanwhile, reported that its biggest asset growth in more than five years sparked a 12% profit gain.
Cramer makes calls on pharmaceuticals, restaurants, cable TV, oil, retail and more.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.
Hear what Cramer has to say about Ameritrade, Six Flags, ExxonMobil and more...
If you were trying to access your online brokerage account during Tuesday’s market nosedive – or even earlier today -- you may have encountered some trouble.
Instead of heading for the exits, investors are using Tuesday's massive sell-off as an opportunity to rebalance their portfolios and add to their stock positions, Joe Moglia, chief executive officer of TD Ameritrade, told CNBC's Maria Bartiromo.
Don't expect Ameritrade to cut its commissions as competition continues to heat up among banks and online brokerages. Wells Fargo is the latest big bank to offer free online trading to active traders with accounts of a certain size, following a similar move by Bank of America last fall. But Joe Moglia, chief executive officer of Ameritrade, doesn't feel pressured to follow suit.
The Dow closed at a record for the third straight session and Nasdaq fell slightly as investors bought selectively ahead of earnings reports and on a steep drop in oil.
The online brokerage, formed last year when Ameritrade Holding bought TD Waterhouse USA from Toronto-Dominion Bank, said first-quarter net income rose to $146 million, or 24 cents per diluted share, from $86 million, or 21 cents, in the year-ago period.