TD Ameritrade Reports Record Quarterly Revenue
TD Ameritrade press release -------- TD Ameritrade Holding Corporation (Nasdaq: AMTD) has released results for the second quarter of fiscal 2017 and reaffirmed its full-year earnings per share guidance of $1.50 to $1.80. The Company gathered approximately $19.5 billion in net new client assets for the quarter and reported 517,000 client trades per day, on average, both reflecting strong year-over-year increases. The Company’s results for the quarter ended March 31, 2017 include the following: $0.40 in earnings per diluted share, up 5 percent year over year, on net income of $214 million; Record net new client assets of approximately $19.5 billion, an annualized growth rate of 10 percent; Record average client trades per day of approximately 517,000, up 2 percent year over year; Record net revenues of $904 million, 58 percent of which were asset-based; Pre-tax income of $344 million, or 38 percent of net revenues; Interest rate-sensitive assets of $124 billion, up 11 percent year over year; Record client assets of $847 billion, up 19 percent year over year. To get more in depth information click on the picture below to read the release.