CORRECT: TD Ameritrade:Averaging 345,000 Trades/Day Jan-To-Date
18 January 2012 - 1:23AM
Dow Jones News
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
TD Ameritrade (NASDAQ:AMTD)
Historical Stock Chart
From Apr 2024 to May 2024
TD Ameritrade (NASDAQ:AMTD)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about TD Ameritrade Holding Corporation (NASDAQ): 0 recent articles
More TD Ameritrade Holding Corp. News Articles