| TD Ameritrade
Earnings Call |
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TD Ameritrade Holdings Earnings Call, Third Quarter 2008
20th July 2008 00:00 AM |
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| Despite the difficult market environment, clients remained engaged and trading activity continued strong, as the firm raised its earnings guidance. |
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| The brokerage firm reported earnings growth of 28% from $159 million or 27 cents a share in 2007 to $204 million or 34 cents a share reflecting the power of the overall operating leverage especially in the market environment that we are currently facing. Net revenues came in at $624 million, up 15% from $542 million in 2007 with almost 60% of these driven by assets as client engagement has continued on increased trading activity. |
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TD Ameritrade Second Quarter Earnings Call
22nd April 2008 00:00 AM |
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| Income was $187 million or 31 cents a share, up 35% from $141 million or 24 cents a share in 2007 on revenue growth from increased trading activity. |
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| The brokerage firm reported a 19% growth in revenues to $623 million, from $525 million in the prior year driven by assets following a focus on core business and long-term growth as well as avoiding proprietary risk on the balance sheet. Continued conservative fiscal management and prudent internal investment decisions will help ensure that growth continues in the second half of 2008 as the firm reaffirmed its 2008 outlook with earnings per share midpoint forecast of $1.32. |
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TD Ameritrade First Quarter Earnings Call
23rd January 2008 00:00 AM |
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| Profit rose to $240.8 million as client assets grew and trading activity rose, prompting the discount brokerage to boost 2008 profit forecast. |
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| TD Ameritrade''s net revenue grew to $641.6 million from $545.2 million, exceeding Wall Street''s $623.7 million forecast. Average daily client trades rose 35% from a year ago to 322,000, though the company also noted that 58% of latest-quarter revenue were asset-based, pointing to the success of its asset-gathering efforts. For fiscal 2008, TD Ameritrade now expects earnings of $1.23 to $1.41 a share, suggesting a midpoint of $1.32. |
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TD Ameritrade Holding Fourth Quarter Earnings Call
29th October 2007 00:00 AM |
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| Aided by the strong growth in trading activity as well as the asset-based revenue, the net income rose 56% over prior year to $200.4 million. |
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| The leading securities brokerage and financial services firm reported revenue of $575 million, up 18% from $488.7 million in the previous year, on strong growth in both transaction and asset-based revenue. Due to volatility in the market, the average number of trades per day increased to 278,000 or a 4.4% activity rate, versus last year''s activity rate of 3.3% or 204,000 trades per day. For fiscal 2008, the firm expects to earn between $1.15 and $1.39 per share. |
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TD Ameritrade Third Quarter Earnings Call
16th October 2007 00:00 AM |
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| Earnings rose 14% to $158.7 million, helped by growing customer assets and fatter fees. |
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| The online brokerage firm reported revenue increase of 0.3% to $541.8 million, exceeding analysts’ expectations of $529 million. The company has turned its attention toward attracting mass affluent investors, those with $100,000 to $1 million of investable assets. While asset-based revenue inched higher by 5% to $333 million, total commissions and transaction fees dropped 7% to $198 million. The company expects to make between 97 cents and $1.05 a share for the year. |
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TD Ameritrade Holding Second Quarter Earnings Call
20th April 2007 00:00 AM |
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| The earnings per share were 23 cents compared to 22 cents in the prior year quarter. |
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| TD Ameritrade Holding reported net revenue of $525 million, which was lower than anticipated almost entirely due to trading volumes. The trading activity for the quarter was 254,000 trades per day or 4% activity rate versus forecasted activity rate of 4.6% or 292,000 trades per day. During the quarter, client assets were at a record $282 billion and client cash and money market funds also were at a record $42 billion. The firm expects earnings per share of 92 cents to $1.08 for fiscal 2007. |
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