Professional investors like to use conference call transcripts as a valuable tool in their research toolbox. These are transcribed versions of an actual conference call, usually held publicly over the phone. Instead of listening to the full call, investors can get their hands on these things and read them at their leisure. They're generally full of information asked by both analysts and professional investors. Beyond the jargon, they're just really useful.
So, what did TD Ameritrade (NASDAQ: AMTD) have to say recently about ailing rival, E*Trade (NASDAQ: ETFC)?
Parsing the transcript, here are a few nuggets:
Prashant Bhatia - Citigroup Global Markets
Okay, and then, just finally, so far in January, the asset intake from E*Trade, is that still running at elevated levels versus historical trends and can you share any TFA data there versus history?
Joe Moglia, CEO, Ameritrade
I think again, for you to have clarity, I think it is appropriate for me to share that, we are not going to give specific numbers, but the numbers that we continue to see with regards to the inflow from them is significantly higher than anything we have ever seen historically.
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