TD Ameritrade Reports Third Quarter Fiscal 2020 Results

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TD Ameritrade (AMTD) Tops Q3 EPS by 24c, Revenues Beat

July 21, 2020 4:04 PM EDT

TD Ameritrade (NASDAQ: AMTD) reported Q3 EPS of $1.09, $0.24 better than the analyst estimate of $0.85. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.41 billion.

Net new client assets of $33 billion, split 61 percent retail and 39 percent institutional, an annualized growth rate of 11 percentRecord gross new funded retail accounts of 661,000Record daily average revenue trades, DARTs, of 3.4 millionTotal client assets of $1.5 trillionNet revenues of $1.6 billionPre-tax GAAP income of $753 million, or 47 percent of net revenues$1.05 in GAAP earnings per diluted share, on net income of... More