NEW YORK, October 24, 2016 /PRNewswire/ --
National Investment Brokerages provide brokerage services, market data and analytics, and software products to investment and commercial banks, institutional investors, and high net-worth individuals. Stocks in this category tend to offer above-average dividend yields when compared to the wider market. This morning, Stock-Callers.com takes note of Morgan Stanley (NYSE: MS), The Charles Schwab Corp. (NYSE: SCHW), Interactive Brokers Group Inc. (NASDAQ: IBKR), and KCG Holdings Inc. (NYSE: KCG) to see how they have fared over the last few trading sessions. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
Last Friday, New York headquartered Morgan Stanley's stock climbed 1.64% to close the day at $33.44. A total volume of 13.72 million shares was traded, which was above their three months average volume of 11.55 million shares. The Company's shares have advanced 3.72% in the last month, 15.59% in the previous three months, and 7.06% on an YTD basis. The stock is trading 5.96% above its 50-day moving average and 22.47% above its 200-day moving average. Additionally, shares of Morgan Stanley, which provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide, have a Relative Strength Index (RSI) of 65.24.
On October 19th, 2016, Morgan Stanley reported net revenues of $8.9 billion for Q3 2016 compared with $7.8 billion a year ago. Net income applicable to Morgan Stanley was $1.6 billion, or $0.81 per diluted share, for Q3 2016 compared to income of $1.0 billion, or $0.48 per diluted share, for the same period a year ago. The annualized return on average common equity was 8.7% in the reported quarter.
On October 20th, 2016, research firm Guggenheim upgraded the Company's stock rating from 'Neutral' to 'Buy'. Visit us today and access our complete research report on MS at:
Shares in California headquartered The Charles Schwab Corp. rose 0.31%, finishing Friday's session at $32.27. The stock recorded a trading volume of 8.21 million shares, which was above its three months average volume of 7.57 million shares. The Company's shares have gained 3.30% in the last month and 14.46% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 3.86% and 14.37%, respectively. Furthermore, shares of Charles Schwab, which through its subsidiaries, provides wealth management, securities brokerage, banking, money management, custody, and financial advisory services, have an RSI of 57.74.
On October 13th, 2016, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On October 20th, 2016, Charles Schwab's Board of Directors declared a regular quarterly cash dividend of $0.07 per common share. The dividend is payable November 28th, 2016, to stockholders of record as of the close of business on November 14th, 2016. In addition, the Board declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $15.00 per share or $0.375 per depositary share. The dividend is payable December 1st, 2016 to stockholders of record at the close of business on November 16th, 2016. The complimentary report on SCHW can be downloaded at:
Greenwich, Connecticut headquartered Interactive Brokers Group Inc.'s stock finished 0.35% higher at $34.15, with a total trading volume of 426,931 shares. Shares of the Company, which operates as an automated electronic broker and market maker in approximately 100 electronic exchanges and market centers worldwide, are trading below their 50-day moving average by 4.13%. The stock has an RSI of 37.36.
On October 18th, 2016, Interactive Brokers reported diluted EPS on a comprehensive basis of $0.30 for Q3 2016 compared to diluted EPS of $0.23 for Q3 2015. Net revenues were $345 million and income before income taxes was $183 million in Q3 2016 compared to net revenues of $359 million and income before income taxes of $202 million for the same period in 2015. Register for free on Stock-Callers.com and access the latest research report on IBKR at:
Shares in Jersey City, New Jersey headquartered KCG Holdings Inc. ended last Friday's session 0.07% higher at $14.27. The stock recorded a trading volume of 777,335 shares, which was above its three months average volume of 396,550 shares. The Company's shares have advanced 15.92% on an YTD basis. The stock is trading 8.45% above its 200-day moving average. Moreover, shares of KCG Holdings, which provides various services designed to address trading needs across asset classes, product types, and time zones, have an RSI of 34.72.
On October 20th, 2016, KCG Holdings reported a consolidated loss of $11.2 million, or $0.13 per share, for Q3 2016. During Q3 2016, the company generated total revenues of $208.53 million compared to revenue of $377.04 million in Q3 2015. Get free access to your research report on KCG at:
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