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.

Also Read:  Earnings: Shopify Q1 profit, revenue beat Street view

Most Popular

MongoDB (MDB) has what it takes to end the losing streak. Here’s why

An innovative product portfolio that is capable of outshining the legacy databases has helped MongoDB (NASDAQ: MDB) stay largely unaffected by the market turmoil so far. Of late, the database

Macy’s (M) confirms Q1 loss; expects gradual sales recovery

Retailer Macy's (NYSE: M) posted mixed results for its first quarter of 2020. While the topline missed the market's estimates, bottom line topped the targets. There were no change in

STZ Earnings: Key quarterly highlights that you need to know from Constellation Brands Q1 financial results

Constellation Brands (NYSE: STZ) today announced its first quarter financial results for the period ended May 31, 2020. First quarter net loss was $177.9 million, or $0.94 per share, compared

Top