This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TD Ameritrade Gathers A Record $16 Billion In Net New Client Assets

TD Ameritrade Holding Corporation (NYSE: AMTD) has released results for the first quarter of fiscal 2013. The Company 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.

The Company’s results for the quarter ended Dec. 31, 2012 include the following: (1)

  • 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 (2)
  • 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 (3)
  • Record interest rate sensitive assets (4) of $90 billion, up 14 percent year-over-year
  • Client assets of approximately $481 billion

“Record net new client assets of $16 billion and earnings per share of 27 cents is a significant achievement in this environment, and a strong start to our fiscal year,” said Fred Tomczyk, president and chief executive officer. “In the face of continued investor uncertainty, we maintained our strong organic growth momentum and had record sales of guidance and advice solutions, all while keeping our expenses in check.”

“TD Ameritrade continues to benefit from strong organic growth and disciplined management of our balance sheet,” said Bill Gerber, executive vice president and chief financial officer. “Our record organic growth this quarter helped grow interest rate sensitive assets to a record $90 billion, up 14 percent from last year, leaving us even better-positioned for rising interest rates. In addition, market fee-based revenue is up 28 percent year-over-year, driven by our effective referral and sales processes. We remain focused on maintaining our momentum as we move forward.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs