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2Q Net Income Up for TD Ameritrade

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TD Ameritrade (read our full review) has reported an approximate 6 percent profit growth for their fiscal second quarter. The Omaha, Nebraska based company reported revenue of $718.2 million, a 13% increase compared to the prior year. A major contributor was the 16% increase in volume of trades conducted by clients which averaged to just over 439,000 per day.

TD Ameritrade received second place overall honors in our 2011 Online Broker Review.

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