TD and Schwab shares downgraded
An analyst for FBR Group Inc. downgraded the shares of both TD Ameritrade Holdings Corp. and The Charles Schwab Corp.
An analyst for FBR Group Inc. of Arlington, Va. downgraded the shares of both TD Ameritrade Holdings Corp. and The Charles Schwab Corp.
Schwab was cut from market perform to underperform and TD from outperform to market perform.
Slowing inflows into mutual funds, less trading and further rate cuts bode badly for the stocks of the Omaha, Neb. and San Francisco-based brokers, said Matt Snowling, the analyst.
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