Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) ended Friday session in green amid volatile trading. The shares closed up +0.23 points or 0.71% at $32.72 with 1,377,078 shares getting traded. Post opening the session at $32.50, the shares hit an intraday low of $32.23 and an intraday high of $32.79 and the price vacillated in this range throughout the day. The company has a market cap of $17.34 billion and the numbers of outstanding shares have been calculated to be 526.36 million shares.
On August 15, 2016 The TD Ameritrade Millennials and Money Survey reveals Millennials may have more in common with their depression-era counterparts than their Boomer parents or grandparents. Of the more than 1,000 Millennials surveyed:
- Sixty-two percent identify as savers; 80 percent have a budget
- Vast majority don’t feel financially secure now, but expect to be in the future (85 percent)
- Nearly half are anxious about debt (47 percent)
- More than three-quarters would stash an extra $1,000 in a savings account instead of the stock market (77 percent)
“The Silent Generation and Millennials came of age during a major financial crisis, which increases the propensity to save and financial conservatism,” said Matthew Sadowsky, director of retirement and annuities at TD Ameritrade, Inc., a broker dealer subsidiary of TD Ameritrade Holding Corporation. “Further adding to Millennials’ financial anxiety is the economy, student debt, and escalating peer influence from social media.”
They’re not just keeping up with the Joneses – they’re keeping up with everybody. Thanks to social media, Millennials feel social pressure to spend or keep up with others more so than elder generations:
- Social media is much more likely to cause Millennials to compare themselves to others than Boomers (64 percent vs. 29 percent)
- Nearly a quarter of Millennials feel pressure to keep up with the spending habits of their friends (24 percent)
- Fifteen percent of Millennials admit to spending money to make a good impression
- “I need a somewhat substantial/substantial amount of money above the minimum needed for essentials” (57 percent Millennials vs. 34 percent Boomers)
- Millennials are more likely than Boomers to report having spent more/not saved as much in a month than they wanted to (56 percent vs. 29 percent say this happens very often/somewhat often)
Shares of Barclays PLC (ADR) (NYSE:BCS) ended Friday session in green amid volatile trading. The shares closed up +0.18 points or 1.97% at $9.31 with 6,801,782 shares getting traded. Post opening the session at $9.23, the shares hit an intraday low of $9.17 and an intraday high of $9.33 and the price vacillated in this range throughout the day. The company has a market cap of $39.89 billion and the numbers of outstanding shares have been calculated to be 16.91 billion shares.
Barclays PLC (ADR) (BCS) provides various financial products and services worldwide. The company offers personal and corporate banking, mortgage, and wealth and investment management services to individuals and businesses; and retail and business banking, cards, corporate and investment banking, and wealth management and insurance services.