TD Ameritrade (AMTD) Reports In-Line Q2 EPS

TD Ameritrade (NASDAQ: AMTD) reported Q2 EPS of $0.38, in-line with the analyst estimate of $0.38. Revenue for the quarter came in at $846 million versus the consensus estimate of $857.35 million.

Other Metrics:

• Net new client assets of approximately $14 billion, an annualized growth rate of 8 percent
• Record average client trades per day of approximately 509,000, an activity rate of 7.6 percent
• Record net revenues of $846 million, 56 percent of which were asset-based
• Investment product fee revenue of $88 million, up 4 percent year over year
• Pre-tax income of $330 million, or 39 percent of net revenues
• EBITDA(2) of $387 million, or 46 percent of net revenues
• Record interest rate-sensitive assets(3) of $112 billion, up 11 percent year over year
• Record client assets of $711 billion, up 2 percent year over year

For earnings history and earnings-related data on TD Ameritrade (AMTD) click here.

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