Categories Earnings, Finance

TD Ameritrade (AMTD): Q4 2019 Earnings Snapshot

— 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.

Earnings Update by AlphaStreet

— 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.

Read: Online brokers sink amid commission-free trades

— 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.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

Infographic: Highlights of Block’s (SQ) Q2 2022 earnings report

Block, Inc. (NYSE: SQ), previously known as Square, Thursday reported a sharp decline in second-quarter adjusted earnings, hurt by continued weakness in top-line performance. Second-quarter earnings, adjusted for one-off items,

Infographic: A snapshot of Beyond Meat’s (BYND) Q2 2022 earnings

Beyond Meat, Inc. (NASDAQ: BYND) on Thursday reported a wider loss for the second quarter of 2022 amid a decrease in sales. The results also missed Wall Street’s projection. The

Alibaba (BABA) remains confident in long-term growth opportunities and resilience of business model

Shares of Alibaba Group Holding Ltd. (NYSE: BABA) were up over 2% on Thursday. The stock gained as much as 5% after the company delivered better-than-expected results for the first

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top