TD Ameritrade Reports Record Net New Client Assets

TD Ameritrade press release July 18, 2017 ------- TD Ameritrade Holding Corporation (Nasdaq: AMTD) has released results for the third quarter of fiscal 2017. The Company gathered a record $22.0 billion in net new client assets for the quarter and reported approximately 510,000 client trades per day, on average. The Company’s results for the quarter ended June 30, 2017 include the following: Record net new client assets of approximately $22.0 billion, an annualized growth rate of 10 percent. Average client trades per day of approximately 510,000, up 10 percent year over year. Record net revenues of $931 million, 62 percent of which were asset-based. Client assets of $882 billion, up 20 percent year over year. $0.44 in earnings per diluted share, down 2 percent year over year, on net income of $231 million. Pre-tax income of $373 million, or 40 percent of net revenues and Interest rate-sensitive assets of $120 billion, up 6 percent year over year. To get more in depth information click on the picture below to read the release.