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TD AMERITRADE (AMTD) Reports Monthly Metrics; Company Guides to Low End of EPS Range

March 9, 2007 8:37 AM EST
TD AMERITRADE Holding (NASDAQ: AMTD) reported 264,000 average client trades per day(1) in February 2007. The company also achieved a record of 472,000 trades on February 27, 2007. Qualified accounts(2) totaled 3,259,000. The Company opened 51,000 and closed 17,000 accounts during February, resulting in 6,324,000 total accounts.(3)

The Company reported average client margin balances in February of approximately $7.7 billion. As of February 28, 2007, client margin balances totaled approximately $7.7 billion.

TD AMERITRADE expects its earnings per share to be at the low end of the $0.23 to $0.29 guidance range for the March quarter of fiscal 2007. (Consensus is $0.25)

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Guidance, Retail Sales