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Last Update: 17-Jan-12 10:18 ET
TD Ameritrade Down On This Morning's Earnings Results
TD Ameritrade (AMTD $16.03 -0.27) reported first quarter earnings of $0.28 per share, $0.02 better than the Capital IQ Consensus Estimate of $0.26.
Revenues fell 0.4% year/year to $653.4 million versus the $672.86 million consensus.
Additionally, co reports net new client assets of $10.2 bln, an annualized growth rate of 11% of beginning client assets; Average client trades per day of ~367,000, essentially flat; Record interest rate sensitive assets of $79 bln, an increase of 16%; and client assets of ~$406 bln, an increase of 5%.
Revenues fell 0.4% year/year to $653.4 million versus the $672.86 million consensus.
Additionally, co reports net new client assets of $10.2 bln, an annualized growth rate of 11% of beginning client assets; Average client trades per day of ~367,000, essentially flat; Record interest rate sensitive assets of $79 bln, an increase of 16%; and client assets of ~$406 bln, an increase of 5%.
