The new and (barely) hawkish Fed has Ciitgroup upgrading a number of broker-dealers and asset...


The new and (barely) hawkish Fed has Ciitgroup upgrading a number of broker-dealers and asset managers. Schwab (SCHW) gets a 2-notch upgrade (to Buy from Sell) as higher rates mean it can stop the waving of money-market fees that has taken a huge chunk out of the bottom line. FXCM is also lifted to Buy, and price targets are hiked at TD Ameritrade (AMTD) and LPL Financial.

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Comments (1)
  • Nick Cox
    , contributor
    Comments (1100) | Send Message
     
    Uh-oh! I had been buying up Schwab shares this year as it was a no-brainer that they would rise as equity trading by retail investors would increase,and the price is up 50% or so.
    If analysts are now recommending it,I guess it's time to take my profit and run.
    25 Jun 2013, 03:49 AM Reply Like
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