Bank of America upgrades TD Ameritrade

Forbes, Mary Crane, 12 July 2006Banc of America has upgraded TD Ameritrade to "buy" from "neutral" as the shock of the TD Waterhouse acquisition is absorbed and earnings per share rise.Analyst Michael Hecht said the online broker's stock has been weak on seasonal concerns about retail activity, pricing and concerns over integrating the U.S. operations of TD Waterhouse, which Ameritrade bought in