— TD Ameritrade Holding Corporation (NASDAQ: AMTD) reported fourth-quarter 2019 adjusted earnings of $1.05 per share versus $0.98 per share expected.
— Net revenues increased by 11% to $1.56 billion versus $1.47 billion expected. The results were driven by higher asset-based revenues and an increase in commissions and transaction fees.
— Average client trades per day rose by 5% to about 837,000. Net new client assets increased at an annualized rate of 7% to about $22 billion.
— Total trades rose by 7% to 53.2 million while average commissions per trade declined to $7.04 from $7.35 a year ago.
— For the first-quarter of 2020, earnings are expected to fall due to the elimination of commissions for the online exchange-listed stock, ETF and option trades from $6.95 to $0.
— For fiscal 2020, the company expects revenue in the range of $4.9 billion to $5.3 billion and an operating expense of $2.8 billion to $3 billion.
— The company will lift quarterly cash dividend by $0.01 per share for fiscal 2020 to $0.31, a 3% increase from fiscal 2019. It has declared a $0.31 per share quarterly cash dividend, payable on November 19, 2019, to all holders of record of common stock as of November 5, 2019.
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its online retail market footprint through constant innovation, like the recent launch of a mobile POS device for in-person retail
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and