Deutsche Bank Sticks to Its Hold Rating for TD Ameritrade (AMTD)

By Carrie Williams

Deutsche Bank analyst Brian Bedell maintained a Hold rating on TD Ameritrade (AMTDResearch Report) today and set a price target of $46. The company’s shares closed last Monday at $43.27, close to its 52-week low of $42.93.

According to, Bedell is a 4-star analyst with an average return of 2.5% and a 47.6% success rate. Bedell covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, WisdomTree Investments, and Marketaxess Holdings.

Currently, the analyst consensus on TD Ameritrade is a Moderate Buy with an average price target of $55.38.

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Based on TD Ameritrade’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.49 billion and net profit of $555 million. In comparison, last year the company earned revenue of $1.38 billion and had a net profit of $451 million.

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TD Ameritrade Holding Corp. engages in the provision of securities brokerage services and related technology-based financial services. It offers the following products and services to retail clients: touch-tone trading; trading over the internet, unlimited streaming, free real-time quotes; extended trading hours; direct access to market destinations, and commitment ton the speed of order execution. The company was founded by John Joe Ricketts in 1971 and is headquartered in Omaha, NE.