Keefe, Bruyette & Woods Reiterates Overweight Rating On TD Ameritrade Holding

According to Keefe, Bruyette & Woods, TD Ameritrade Holding AMTD asset based revenues should overcome slower trading activity. Keefe, Bruyette & Woods reported that net revenues were $718 million slightly below its forecast & operating expenses offset coming in below its exp. at $354 million. “Total client assets were a record $412 bil. and NNA surprised on the upside yet again at $11.5 bil. Adjusting ests. and price target, reiterating Outperform rating at this time.” TD Ameritrade Holding closed yesterday at $21.68.