Ameritrade (Nasdaq: AMTD) rose 2 13/16 to 20 13/16 Thursday following reports that analysts have upgraded the stock.
The Bellevue, Nebraska-based Ameritrade was reportedly raised to buy from hold at CIBC World Markets and Credit Suisse First Boston. The company provides trading via the Web, phone and fax, as well as discount brokerage services to financial institutions. The firm also provides OnMoney Financial Services, an online personal finance program, and is forming an online investment bank with Charles Schwab.
CSFB also upgraded E*Trade Group Inc. (Nasdaq: EGRP), reports said. E*Trade ended up 5/16 at 18 3/8.