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AMTD TD Ameritrade Holding Corporation

39.97
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
TD Ameritrade Holding Corporation NASDAQ:AMTD NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 39.97 39.94 39.97 0 01:00:00

CORRECT: TD Ameritrade:Averaging 345,000 Trades/Day Jan-To-Date

17/01/2012 2:23pm

Dow Jones News


TD Ameritrade (NASDAQ:AMTD)
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TD Ameritrade Holding Corp. (AMTD) said it is averaging 345,000 trades a day so far in January, implying a drop-off from volumes a year earlier but a recovery in trends from December.

The Omaha, Neb., online brokerage disclosed the projection in a presentation on its website. The forecast, which is preliminary, suggests daily average revenue trades, or DARTs, a measure of trading improvement, are down 24% from a year earlier but up 8.5% from December's levels.

Earlier Tuesday, TD Ameritrade said its fiscal first-quarter earnings rose 4.8% as a tight control on expenses helped the online brokerage offset a decline in revenue.

First-quarter trading volumes at the company fell slightly from a year earlier to 367,479 and 12% from the previous quarter as the European debt crisis and concerns about the U.S. economy led to weaker client activity.

Shares of TD Ameritrade closed Friday down 2.2% at $16.30 and were inactive premarket. The stock is up 4.2% so far this year.

-By Brett Philbin, Dow Jones Newswires; 212-416-2173; brett.philbin@dowjones.com

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