reported another slide in average client trades last month as retail investors remained skittish, particularly around tech stocks.
The online brokerage rung up 164,000 daily average client trades in February, down from 175,000 in January. January's results were down 8% from December and well below the firm's all-time record of 254,000 average trades in January 2004.
Ameritrade had average client margin balances in February of about $3.6 billion, down from $3.7 billion in January. Client assets totaled about $77.3 billion in February, of which cash and money market assets totaled $12.9 billion. In January, client assets totaled about $76.3 billion, of which cash and money market assets totaled $13.1 billion.
The stock closed at $10.87 Thursday, down 23% since the start of the year.