Follow Us
In the News
Tags
Stock & Options Broker News
Forex Broker News
Stock Broker Reviews
TD Ameritrade Fiscal 2011 Third Quarter Report
TD Ameritrade (read our full review) reported positive growth and improvements as a whole today. Year-over-year they have increased client assets 28% to a total of roughly $414 billion in addition to posting net revenues of $685 million. TDA has declared a $.05 per share quarterly cash dividend payable on August 16th. At the same time the company has repurchased $97 million of its common stock, or about 4.8 million shares.
Executive vice president and chief financial officer Bill Gerber stated, “Despite the continued near-zero interest rate environment, our net interest margin has remained relatively stable over the last four quarters. The strong growth in balances is resulting in solid asset-based revenues and positions us well for when interest rates begin to rise.”
More information can be found here.
Leave a reply