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BlackRock Reports Mixed Q4 Results, But Core Trends Are Strong, Says Bullish BofA
Thursday, January 17, 2019 - 1:33pm | 352Read More...BlackRock, Inc. (NYSE: BLK) reported fourth-quarter adjusted earnings per share of $6.08 Wednesday, missing the Street's estimate of $6.28. Despite the miss — attributed largely to lower non-operating and higher seasonal and other expenses — the company exhibited strong core trends...
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Bank Of America Breaks Down The Brokerage Sector
Monday, October 9, 2017 - 4:11pm | 487Read More...Earnings season is coming fast for capital markets stocks, and Bank of America analyst Michael Carrier has re-positioned several of his stock ratings ahead of what he sees as a decent overall quarter. According to Carrier, trends in the third quarter were mixed and included rising markets and short...
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How To Trade The Online Broker Price Wars
Wednesday, March 1, 2017 - 1:20pm | 411Read More...Online brokers are engaged in an all-out battle to win over customers. The latest price war consists of privately-owned Fidelity announcing a reduction in its trading commissions on equity and ETF stocks from $7.95 to $4.95. This was followed by Charles Schwab Corp (NYSE: SCHW) matching Fidelity...
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Invesco: Poised To Outperform
Monday, September 26, 2016 - 2:30pm | 260Read More...Bank of America Merrill Lynch says Invesco Ltd. (NYSE: IVZ) is set to outperform peers with above average organic growth and higher relative growth rate. Further, the asset manager's well managed costs/capital, and a below average valuation also works in its favor. "Our expectations...
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Bank Of America Says Summer Seasonality May Sap TD Ameritrade Revenues, But There's Long-Term Potential
Wednesday, July 20, 2016 - 4:16pm | 291Read More...Bank of America Merrill Lynch has reiterated its Neutral rating on TD Ameritrade Holding Corp. (NASDAQ: AMTD) saying summer seasonality may curb the online brokerage's revenue. "In the near term, we expect revenues to decrease slightly driven by moderating trading revenues (DARTs +1 percent QTD,...
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Bank Of America Cuts Estimates And Targets On Goldman Sachs, Morgan Stanley Amid Brexit
Tuesday, June 28, 2016 - 5:58pm | 211Read More...The Brexit has clouded the outlook. Bank of America Merrill Lynch's Michael Carrier lowered second quarter, FY16 and FY17 earnings estimates on Morgan Stanley (NYSE: MS) and Goldman Sachs Group Inc (NYSE: GS). Morgan Stanley estimates: from $0.67 to $0.60 for the second quarter from...
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BofA Downgrades TD Ameritrade Amid 'Mixed Q2 Trends, Macro Events'
Tuesday, June 28, 2016 - 3:02pm | 167Read More...Shares of TD Ameritrade Holding Corp. (NASDAQ: AMTD) have rebounded Tuesday following a 5 percent decline on Monday. Tuesday's 1 percent move higher came despite a downgrade to Neutral from Bank of America. The firm's Michael Carrier cited "mixed Q2 trends and macro events [which]...
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BofA Downgrades Blackstone, Carlyle, Apollo, Upgrades Ares Mgmt To Buy
Tuesday, December 8, 2015 - 11:23am | 567Read More...Shares of Ares Management LP (NYSE: ARES) The Carlyle Group LP (NASDAQ: CG), Apollo Global Management LLC (NYSE: APO) and Blackstone Group LP (NYSE: BX) have been trending a downward path in 2015. BofA Merrill Lynch’s Michael Carrier upgraded the rating on Ares from Neutral to Buy,...
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Bank of America Previews Q3 For Goldman Sachs And Morgan Stanley
Thursday, October 9, 2014 - 4:10pm | 223Read More...Bank of America/Merrill Lynch released a Q3 Brokers Preview report covering Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) on Thursday. Bank of America lowered its estimates slightly for Q3. Analysts led by Michael Carrier expected “seasonally lighter results for...
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UPDATE: Bank Of America Reiterates On CME Group Following Management Meeting
Wednesday, October 8, 2014 - 11:13am | 167Read More...In a report published Wednesday, Bank of America analyst Michael Carrier reiterated a Neutral rating on CME Group (NASDAQ: CME), and raised the price target from $76.00 to $82.00. In the report, Bank of America noted, “We recently met with CME's CFO, James Parisi, and SMD Corporate Development and...
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UPDATE: Bank Of America Upgrades AllianceBernstein Holding LP On Multiple Positive Factors
Friday, September 5, 2014 - 8:36am | 110Read More...In a report published Friday, Bank of America analyst Michael Carrier upgraded the rating on AllianceBernstein Holding LP (NYSE: AB) from Underperform to Neutral, and raised the price target from $27.00 to $29.00. In the report, Bank of America noted, “We are upgrading AB to Neutral from...
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UPDATE: Bank Of America Reiterates On Virtus Investment Partners On Solid Quarter, Healthy Outlook
Tuesday, July 29, 2014 - 10:51am | 139Read More...In a report published Tuesday, Bank of America analyst Michael Carrier reiterated a Neutral rating on Virtus Investment Partners (NASDAQ: VRTS), and raised the price target from $220.00 to $225.00. In the report, Bank of America noted, “Virtus reported adjusted EPS of $2.77 (excluding closed end...
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UPDATE: Bank Of America Initiates Coverage On RCS Capital On Brokerage Firm In Transition
Tuesday, July 8, 2014 - 8:56am | 131Read More...In a report published Tuesday, Bank of America analyst Michael Carrier initiated coverage on RCS Capital Corp. (NYSE: RCAP) with a Neutral rating and $24.00 price target. In the report, Bank of America noted, “We are initiating coverage of RCS Capital (RCAP) with a Neutral rating and $24 PO. Our ‘...
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UPDATE: Bank of America Upgrades Morgan Stanley on Attractive Risk/Reward
Tuesday, April 15, 2014 - 9:04am | 136Read More...In a report published Tuesday, Bank of America analyst Michael Carrier upgraded the rating on Morgan Stanley (NYSE: MS) from Neutral to Buy, and reiterated the $35.00 price target. In the report, Bank of America noted, “We are upgrading Morgan Stanley (MS) to Buy from Neutral, based on a more...
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UPDATE: Bank of America Reiterates on CBOE on Valuation
Monday, February 10, 2014 - 11:36am | 118Read More...In a report published Monday, Bank of America analyst Michael Carrier reiterated a Neutral rating on CBOE (NASDAQ: CBOE), and raised the price target from $54.00 to $55.00. In the report, Bank of America noted, “CBOE reported operating EPS of $0.52, beating expectations primarily due to a lower...
