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TD Ameritrade (AMTD) Reports In-Line Q3 EPS

July 21, 2015 7:31 AM

TD Ameritrade (NYSE: AMTD) reported Q3 EPS of $0.36, in-line with the analyst estimate of $0.36. Revenue for the quarter came in at $794 million versus the consensus estimate of $796.7 million.

“As we complete our third quarter and look back on the last nine months, we remain upbeat about our growth and prospects for another strong year,” said Fred Tomczyk, president and chief executive officer. “We continue to execute well against our growth strategy, with $47 billion in net new client assets gathered year-to-date, an organic growth rate of 10 percent and up 17 percent over last year. Likewise, average client trades per day, year-to-date, are 456,000, up 5 percent over last year. This leaves us with good momentum, and we will continue to invest in organic growth initiatives.”

“Net revenues were up 4 percent from last year, driven by continued growth in trading and asset gathering,” said Bill Gerber, executive vice president and chief financial officer. “Year-to-date, earnings per share of $1.09 were up 5 percent, despite a continued difficult macroeconomic environment. We remain focused on delivering strong results, being disciplined in overall expense management and being good stewards of shareholder capital.”

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

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