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TD Ameritrade Holding Fourth Quarter Earnings Call |
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Author: Albena Toncheva
123jump.com
Last Update: 9:12 AM EDT October 29 2007
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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