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    TD Ameritrade Holding Collects $16B in Net New Client Assets

    February 03 Feb 2013 | 19:37
     

    crwenews

    amtd TD Ameritrade Holding Corporation (NYSE: AMTD)

    AMTD (“TD Ameritrade”) previously released results for the Q1 of fiscal 2013. AMTD (“TD Ameritrade”) gathered record net new client assets of $16 billion – a 13 percent annualized growth rate – up more than 50 percent from the same quarter a year ago.

    amtdchart

    AMTD (“TD Ameritrade”) results for the quarter ended Dec. 31, 2012 include the following: Net income of $147 million, or $0.27 per diluted share; Record net new client assets of approximately $16 billion, a record annualized growth rate of 13 percent; Average client trades per day of approximately 334,000, an activity rate of 5.8 percent; Net revenues of $651 million, 58 percent of which were asset-based; Record market fee-based revenue of $55 million, up 28 percent year-over-year; Pre-tax income of $237 million, or 36 percent of net revenues; EBITDA of $286 million, or 44 percent of net revenues; Record interest rate sensitive assets(4) of $90 billion, up 14 percent year-over-year; Client assets of approximately $481 billion.

    For more information on TD Ameritrade Holding Corporation visit www.amtd.com

    In my opinion this is a stock to watch!

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