TD Ameritrade Reports First Quarter Fiscal 2020 Results
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TD Ameritrade (AMTD) Misses Q1 EPS by 3c
January 21, 2020 4:03 PM ESTTD Ameritrade (NASDAQ: AMTD) reported Q1 EPS of $0.74, $0.03 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $1.92 billion versus the consensus estimate of $1.3 billion.
Financial results for the quarter ended Dec. 31, 2019 include the following:(2)
Net new client assets of $29 billion, an annualized growth rate of 9 percentTotal client assets of $1.4 trillionRecord average client trades per day of 1 millionNet revenues of $1.3 billionPre-tax GAAP income of $491 million, or 38 percent of net revenues$0.70 in GAAP earnings per diluted share, on net income of $379 million$0.74 in... More