TD Ameritrade (AMTD) Reports In-Line Q1 EPS

TD Ameritrade (NYSE: AMTD) reported Q1 EPS of $0.39, in-line with the analyst estimate of $0.39. Revenue for the quarter came in at $819 million versus the consensus estimate of $831.1 million.

“We’re off to a great start for 2015 as we delivered our best asset-gathering quarter in company history adding $18.8 billion in net new assets, up 30 percent year-over-year. We continue to see strong asset gathering in both the retail and institutional channels,” said Fred Tomczyk, president and chief executive officer. “Trading was at strong levels due to market volatility and investors continue to increase their usage of options, futures and mobile technology.”

“TD Ameritrade achieved record net revenues of $819 million, up 9 percent year-over-year due to strong trading and asset-based revenues. Client assets reached a record $672 billion, up 13 percent year-over-year, with interest rate sensitive assets accounting for a record $101 billion, up 4 percent year-over-year,” said Bill Gerber, executive vice president and chief financial officer. “We had a strong start to the fiscal year and we will continue to focus on delivering long-term value to our shareholders.”

For earnings history and earnings-related data on TD Ameritrade (AMTD) click here.

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