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TD Ameritrade (AMTD) Stock Downgraded at Deutsche Bank

NEW YORK (TheStreet) -- TD Ameritrade's (AMTD) stock rating was reduced to "hold" from "buy" at Deutsche Bank. The firm has a $31 price target on shares.

The downgrade comes even though the Omaha, NE-based brokerage reported better-than-expected results for the 2016 second quarter.

TD Ameritrade posted adjusted earnings of 39 cents per share, topping analysts' estimates by a penny. Revenue was $838 million, while analysts' expected $830 million.

"However, IDA (Insured...


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