TD Ameritrade Reports Strong Results in Third Quarter
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TD Ameritrade (AMTD) Tops Q3 EPS by 9c, Revenues Beat
July 23, 2018 4:01 PM EDTTD Ameritrade (NASDAQ: AMTD) reported Q3 EPS of $0.89, $0.09 better than the analyst estimate of $0.80. Revenue for the quarter came in at $1.38 billion versus the consensus estimate of $1.35 billion.
Financial results for the quarter ended June 30, 2018, include the following:(2)
Net new client assets of approximately $20 billion, down 10 percent year over year, annualized growth rate of 7 percentAverage client trades per day of approximately 784,000, up 54 percent year over yearNet revenues of $1.4 billion, 62 percent of which were asset-basedClient assets of... More