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TD Ameritrade Posts 2011 Q1 Earnings Report, 6% Increase in Net Profit

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TD Ameritrade (read our full review) recently posted their first quarter earnings, reporting an increase in net profit of 6%. A majority of this increase came from solid performance with asset-based revenue. Another key note is the benefit overall from a lower tax rate.

Several key industry analysts have indicated that TD Ameritrade is off to a strong start for 2011. Some feel though that the current market price already reflects their performance while others suggest it may be a good time to invest. Even with a decline in trading activity and thus commission based profits, it is good to see TDA meeting or exceeding analyst expectations.

CEO Fred Tomczyk said, “The retail investor is back, but they are not all the way back yet.” This sheds positive light on the brokerage industry and ideally indicates that 2011 should be an up-trending year, even though it may be gradual. Read more about the trade platform and commissions in our TD Ameritrade Review.

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