In tandem with its upgrade of E-Trade (ETFC +2.4%), Goldman Sachs cuts Ameritrade (AMTD -0.6%)...
In tandem with its upgrade of E-Trade (ETFC +2.4%), Goldman Sachs cuts Ameritrade (AMTD -0.6%) to Neutral from Buy: ..."the decline in recent yields will lead to lower asset reinvestment rates and drive net interest margins lower at peers relative to E-Trade, which hedges against moving rates."
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