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TD Ameritrade (AMTD): Q1 2020 Earnings Snapshot

Earnings Update by AlphaStreet

— TD Ameritrade Holding Corporation (NASDAQ: AMTD) reported Q1 2020 earnings of $0.74 per share, vs. $0.77 expected.

— Revenues fell 13% to $1.3 billion, vs. $1.3 billion expected.

— Net new client assets were $29 billion, reflecting an annualized growth rate of 9%.

— Total client assets were $1.4 trillion.

— The company declared a $0.31 per share quarterly cash dividend, payable on February 19, to stockholders of record as of Feb. 5, 2020.

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