Investment Giants Announce Financial Results, Corporate Advancements, and Recognitions - Research Report on Charles Schwab, CME Group, TD Ameritrade, Solar Capital, and MarketAxess Holdings
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NEW YORK, July 29, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting The Charles Schwab Corporation (NYSE: SCHW), CME Group Inc. (NASDAQ: CME), TD Ameritrade Holding Corporation (NYSE: AMTD), Solar Capital Ltd. (NASDAQ: SLRC), and MarketAxess Holdings Inc. (NASDAQ: MKTX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
The Charles Schwab Corporation Research Report
On July 24, 2013, The Charles Schwab Corporation (Charles Schwab) announced that it has received new recognition for its employee-friendly workplace as one of Florida Trend magazine's Best Companies to Work for in the state of Florida. Charles Schwab stated that Best Companies list appears in the August issue of the magazine and on FloridaTrend.com. According to Ray Di Sanza, Senior Vice President of Operations and Senior Location Leader for Orlando, "This year, Schwab is celebrating its 40-year anniversary and a history of innovation and advocacy on behalf of individual investors. This is a perfect time to be recognized for our great workplace, too, especially the collaborative and client-centric culture that allows employees the freedom to do their absolute best work." The Full Research Report on The Charles Schwab Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/34ad_SCHW]
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CME Group Inc. Research Report
On July 21, 2013, CME Group Inc. (CME Group) announced that five clients have registered for and are now using CME Group's Hong Kong telecommunications hub. These clients include: CASH Financial Services Group, QUAM Securities, Philip Futures, and R.J. O'Brien & Associates HK Limited. According to Julien Le Noble, Managing Director, Asia Pacific, CME Group, "The launch of our hub in Hong Kong underpins our strategy of expanding in one of the most important markets for us in Asia, and is a signal of our commitment to our clients in Asia. We are pleased to offer our customers a flexible, cost-effective and high-performance connection to CME Group in this fast-growing region. By connecting to this telecommunications hub in Hong Kong, clients in North Asia will have improved access, reduced connectivity costs, and lowest latency connection to CME Globex." The Full Research Report on CME Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/fc16_CME]
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TD Ameritrade Holding Corporation Research Report
On July 23, 2013, TD Ameritrade Holding Corporation (TD Ameritrade) reported its financial results for Q3 FY 2013 (period ended June 30, 2013). Net revenue increased 8.7% YoY to $725 million. Net income was $184 million or $0.33 per diluted share, compared to net income of $154 million or $0.28 per diluted share in Q3 FY 2012. According to Bill Gerber, TD Ameritrade's Executive Vice President and Chief Financial Officer, "We are pleased with our performance this quarter. Earnings per share came in at 33 cents - the third highest ever and the highest since the June quarter in 2008. We benefited from the improved trading environment, and we kept our eyes focused on disciplined expense management and maintaining our strong balance sheet. We have good momentum, and we're well positioned as we look ahead to fiscal 2014." The Full Research Report on TD Ameritrade Holding Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/348a_AMTD]
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Solar Capital Ltd. Research Report
On July 24, 2013, Solar Capital Ltd. (Solar Capital) announced that DSW Group, Inc. has entered into a definitive sale agreement, expecting to receive approximately $150 million in gross proceeds for its second lien loan to DS Waters of America, Inc. and its preferred investments in DSW Holding Company, LLC. Commenting on this agreement, Bruce Spohler, Chief Operating Officer of Solar Capital, said, "We are pleased with the outcome of these two legacy investments. Our full exit of DS Waters is expected to result in an internal rate of return, or IRR, of approximately 10.3% since our initial investment almost six years ago and a 1.5x multiple on our invested capital. The repayment of our subordinated loan to MidCap Financial is expected to result in an IRR of approximately 16.5% since our initial investment three years ago, and will mark the culmination of another successful underwriting." The Full Research Report on Solar Capital Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0cfb_SLRC]
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MarketAxess Holdings Inc. Research Report
On July 24, 2013, MarketAxess Holdings Inc. (MarketAxess) reported its financial results for Q2 2013. The Company's revenue increased 34.3% YoY to $65.6 million. Its pre-tax income was $31.5 million, an increase of 48.6% YoY. Net income rose to $19.3 million, or $0.51 per diluted share, compared to $12.6 million or $0.34 per diluted share in Q2 2012. Richard M. McVey, Chairman and Chief Executive Officer of the Company, stated, "We are gratified with the operating performance achieved this quarter in a period of rising interest rates and a shift in investor sentiment. The record volumes in our three core products - high grade, high yield and emerging markets - were driven by growth in market share and led to record revenues and pre-tax income." The Full Research Report on MarketAxess Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/074e_MKTX]
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SOURCE Analysts' Corner
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