Citigroup starts coverage at 'hold' for AMTD and SCHW

Early this morning, Citigroup started coverage on financial services companies TD Ameritrade Holding Corp (AMTD - 19.26) and The Charles Schwab Corporation (SCHW - 15.92), due to what it believes is "an industry facing mixed prospects around fundamentals, valuations, technicals and consensus expectations." With this lackluster note, AMTD was initiated with a "hold" rating, with a price target of ...

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Source: Schaeffers Research

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