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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • TD Ameritrade Quarterly Earnings Jump 31% 0 comments
    Jan 21, 2014 11:23 AM | about stocks: AMTD

    Originally published at

    TD Ameritrade Holding Corporation (NYSE:AMTD) announced its first quarter results for the 2014 fiscal year, posting earnings that jumped 31% from a year ago. TD Ameritrade, the largest online brokerage firm by trading activity, reported earnings of $192M and $0.35 per share, up from $147M and $0.27 per share a year ago. The company's net revenue increased 16% to $752M, which was propelled by its commissions and transaction fees growing 28% to $328M, contributing the most to the company's bottom line. Measuring activity, TD Ameritrade has increased its daily client trades by 24% to 414,000, a substantial move forward from a year ago. The company added $14.5B in net new assets, a small decline from the $15.6B a year ago, but a large step from the sequential quarter with $10.1B. Analysts believe online trading activity from individual investors will improve thanks to an improving stock market.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: AMTD
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