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Highest Forward P/E Ratio in the Investment Banking & Brokerage Industry Detected in Shares of Charles Schwab (SCHW, IBKR, AMTD, LPLA, ITG)

By James Quinn

Below are the three companies in the Investment Banking & Brokerage industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Charles Schwab ranks highest with a a forward P/E ratio of 21.87. Following is Interactive Brokers with a a forward P/E ratio of 20.19. TD Ameritrade Holding ranks third highest with a a forward P/E ratio of 19.84.

LPL Investment Holdings follows with a a forward P/E ratio of 16.65, and Investment Technology Group rounds out the top five with a a forward P/E ratio of 15.77.

SmarTrend recommended that subscribers consider buying shares of Investment Technology Group on November 10th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $18.28. Since that recommendation, shares of Investment Technology Group have risen 21.8%. We continue to monitor Investment Technology Group for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio Charles Schwab interactive brokers td ameritrade holding lpl investment holdings investment technology group

Ticker(s): SCHW IBKR AMTD LPLA ITG