Report
Michael Wong
EUR 100.00 For Business Accounts Only

TD Ameritrade Looks at Expense Control to Partly Offset Revenue Headwinds; New CEO Search Begins

Narrow-moat TD Ameritrade is taking an approach similar to peers by emphasizing expense control as revenue headwinds are fairly clear. Additionally, the company is looking for a new CEO, as current CEO Tim Hockey will only be staying with the company through February 2020. Little information was given as to why Hockey and the board have decided to look for a "new leader to guide its next phase of growth." The Scottrade integration seems to have gone well, and earnings headwinds are a factor of t...
Underlying
TD Ameritrade Holding Corporation

TD Ameritrade Holding is a holding company. Through its subsidiaries, the company is a provider of securities brokerage services and related technology-based financial services to retail clients and independent registered investment advisors. The products and services available to the company's clients include: common and preferred stock, Exchange-Traded Funds, options, futures, foreign exchange, mutual funds, fixed income, new and secondary issue securities, margin lending, cash management services, and annuities. The company provides the client service and support through the following means: websites, branches, email, telephone, TTY services for the hearing impaired, and mobile app.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wong

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