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

|By:, SA News Editor

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.