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The Dutch Financial Company ING Groep N.V. (ING) is planning to sell ShareBuilder, which it acquired two years ago for $220 million. The Seattle-based company is part of ING's U.S. subsidiary, ING Direct, and only makes up about 5% of the domestic subsidi...
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Interactive Data Corporation (IDC) let loose with Q3 earnings after market close yesterday and showed steady improvement over last year. The company grew net income by 17.5% over last year to $43.1 million. More interesting to us is the performance of the...
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E*TRADE Financial (ETFC) released their third-quarter earnings yesterday, revealing their ninth consecutive quarterly loss. A lot of attention has been paid to the troubled banking unit, the company's scramble for cash and the fickleness of its largest in...
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Executives at TD Ameritrade (AMTD) didn't read our memo. They decided to report an earnings win "despite" a tough economic environment. "Despite facing challenges related to struggling stock markets, a near-zero interest rate environment and an eco...
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Fidelity Investments is so committed to the wireless platform that they have a Chief Wireless Officer. Joseph Ferra has been running Fidelity's wireless efforts for eight years now, and the trend is his friend. As the use of smartphone devices expands and...
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TD Ameritrade was nearing a settlement in the case of 6 million stolen email address when the judge, who previously seemed to agree with the proposal, rejected it today. The breach, which affected account holders prior to September 2007, has yielded no kn...
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Scottrade was slapped with a $600,000 fine today by FINRA for failing to adequately supervise suspicious transactions. The fine dates back to a lack of oversight in the firm from April 2003 to April 2008. As is typical with FINRA settlements, Scottrade ne...
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Interactive Brokers Group (IBKR) reported a significant drop in earnings this quarter, making only $0.20 per share, or 35% less than the $0.31 analysts had expected. Last year the company earned $0.65 per share in Q3. Revenues fell to $272 million, compar...
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TradeStation Group Inc. (TRAD) reported their third-quarter results this morning. They showed a decline in quarterly revenues of 23% from $41.8 million to $32.4 million. Their net income, though down 57% to $3.7 million for the quarter, met analyst expect...
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We’ve noticed a similar refrain emerging from the online brokers as they report their quarterly results: a continued insistence that they have performed well "despite" the tough economic environment. We felt it was time for someone to take them to task ...
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Yesterday we covered the move by kaChing to allow users to invest real money its "geniuses." Today we learn that a similar social networking application has launched in the forex space. Currensee is the cutesy name given to the new Web application that al...
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"Our customers and our business model continued to display their resilience in the third quarter despite the difficult economic environment." And so starts the refrain from optionsXpress Holdings (OXPS) CEO David Fisher on a tough Q3. Net income dropped 3...
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Goodbye virtual portfolio, hello real money. Today kaChing announced that its members can invest their money in what was once but hypothetical territory. Started on Facebook and now thick with more than 400,000 investors, kaChing fed a social crowd that w...
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The Charles Schwab Corporation (SCHW) reported its third-quarter earnings before market open this morning, meeting analyst expectations set earlier at $0.17 per share. The company posted a $200 million profit, which is about on par with last quarter's pro...
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We saw rumors that Schwab (SCHW) had delayed its earnings release this week, which of course immediately piqued our interest. It's rare that an earnings release is delayed for anything but bad news. Those rumors were quickly crushed, however, when we pick...
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If this article is confusing, that is, at least in part, the point. Orlando-based Telligenix Corporation bought what was left of Dallas-based Dynetech three days ago, and then filed for bankruptcy today in Orlando. This news comes a little over two months...
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The latest version of Worden Brothers' online product, FreeStockCharts.com, rolled today with a new feature that allows TD Ameritrade (AMTD) customers to track their positions in real time while using the product. "Your live portfolio will automatically a...
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Forty six percent of "every day investors" surveyed in the latest TD Ameritrade (AMTD) poll, released today, indicated they were optimistic on the markets. Only 27 percent held "somewhat" or "very negative" outlooks. Thirty-nine percent of investors...
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Schwab (SCHW) offered up a recent bit of advice for investors as a way to drum up business for its advisers and online brokers. Recommendations included the typical investing gems like "know yourself," "develop a plan" and "educate yourself." But one of t...
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FINRA issued a warning to investors today about an email scam that uses FINRA's name in an attempt to gather personal information from investors. The email promises recipients they will receive $1.5 million in Auction Rate Securities (ARS) settlement fund...
