Shares of TD Ameritrade were falling 0.6% to $32.73.
The analyst firm lowered its EPS estimates for the company through 2015. Barclays now expects TD Ameritrade to report earnings of 37 cents a share for the fiscal fourth quarter, down from its previous estimate of 39 cents a share. The firm lowered its EPS estimates for full year 2015 to $1.63 a share, down from $1.67 a share.
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"Earlier today, AMTD reported August metrics," Barclays analyst Kenneth Hill wrote. "While asset trends were overall positive, activity levels came in below our early quarter estimates. DARTs decreased by 6% m/m, likely driven by the seasonal slowdown in August. Total client assets increased 3% on the back of positive market performance during the month."
Separately, TheStreet Ratings team rates TD AMERITRADE HOLDING CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate TD AMERITRADE HOLDING CORP (AMTD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."