Research Desk Line-up: MarketAxess Post Earnings Coverage

LONDON, UK / ACCESSWIRE / November 3, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on TD Ameritrade Holding Corp. (NASDAQ: AMTD) ("TD Ameritrade"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=AMTD, following the Company's release of its financial results on October 24, 2017, for the fourth quarter of the fiscal year 2017. The Company's net revenues increased 18.5% on a y-o-y basis, beating Wall Street's expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Investment Brokerage - National industry. Pro-TD has currently selected MarketAxess Holdings Inc. (NASDAQ: MKTX) for due-diligence and potential coverage as the Company announced on October 25, 2017, its financial results for Q3 2017 which ended on September 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on MarketAxess when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on AMTD; also brushing on MKTX. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=AMTD

http://protraderdaily.com/optin/?symbol=MKTX

Earnings Reviewed

For the three months ended September 30, 2017, TD Ameritrade's net revenues increased 18.5% to $983 million from $829 million in Q4 FY16. The net revenue numbers surpassed analysts' expectations of $965 million.

During FY17, the Company's net revenues increased 10.4% to $3.68 billion from $3.33 billion in the last year's same quarter.

For the reported quarter, TD Ameritrade's employee compensation and benefits expenses increased 28.3% to $285 million from $222 million in Q4 FY16. During Q4 FY17, the Company's occupancy and equipment costs expenses increased 13.9% to $49 million from $43 million in the comparable period of last year. For the reported quarter, the Company's D&A expenses increased 16.6% to $28 million from $24 million in Q4 FY16. During Q4 FY17, TD Ameritrade's total operating expenses increased 13.9% to $622 million from $546 million in Q4 FY16.

During Q4 FY17, TD Ameritrade's earnings before interest, tax, depreciation, and amortization (EBITDA) margin increased 240 basis points to 41.8% of revenue from 39.4% of revenue in Q4 FY16. During FY17, the Company's EBITDA margin decreased 20 basis points to 44.8% of revenue from 45% of revenue in FY16.

During Q4 FY17, TD Ameritrade's operating income increased 27.5% to $361 million from $283 million in Q4 FY16. For the reported quarter, the Company's operating margin increased 260 basis points to 36.7% of revenue from 34.1% of revenue in Q4 FY16.

For the reported quarter, TD Ameritrade's net income increased 14% to $211 million on a y-o-y basis from $185 million in Q4 FY16. During Q4 FY17, the Company's adjusted net income increased 30.8% to $263 million on a y-o-y basis from $201 million in Q4 FY16. During Q4 FY17, TD Ameritrade's diluted earnings per share (EPS) increased 11.4% to $0.39 on a y-o-y basis from $0.35 in the corresponding period of last year. For the reported quarter, the Company's adjusted diluted EPS increased 28.9% to $0.49 on a y-o-y basis from $0.38 in Q4 FY16. The adjusted diluted EPS surpassed analysts' expectations of $0.46.

During FY17, the Company's net income increased 3.5% to $872 million from $842 million in the last year's same period. For the fiscal year 2017, TD Ameritrade's diluted EPS increased 3.7% to $1.64 from $1.58 in FY16. During FY17, the Company's diluted EPS increased 9.5% to $1.84 from $1.68 in FY16.

Balance Sheet

As on September 30, 2017, TD Ameritrade's cash and cash equivalents decreased 20.6% to $1.47 billion from $1.86 billion as on September 30, 2016.

For the reported quarter, TD Ameritrade's segregated cash and investments increased 19.6% to $10.45 billion from $8.73 billion in Q4 FY16.

During Q4 FY17, the Company's net clients receivable increased 43.6% to $17.15 billion from $11.94 billion in the comparable period of last year.

For the reported quarter, the Company's clients payable increased 31.7% to $25.11 billion from $19.06 billion in the fourth quarter of last year.

During Q4 FY17, the Company's long-term debt increased 40.6% to $2.56 billion from $1.82 billion in Q4 FY16.

For the reported quarter, the Company's average client trades per day increased 19% to 529,000 on a y-o-y basis. Net new client assets totaled approximately $20 billion in Q3 2017.

During Q4 FY17, the Company's net interest margin was 1.66% compared to 1.35% in the corresponding period of last year.

Stock Performance

At the closing bell, on Thursday, November 02, 2017, TD Ameritrade Holding's stock climbed 1.16%, ending the trading session at $49.87. A total volume of 1.55 million shares have exchanged hands. The Company's stock price soared 10.11% in the last three months, 28.00% in the past six months, and 48.91% in the previous twelve months. Moreover, the stock surged 14.38% since the start of the year. The stock is trading at a PE ratio of 30.39 and has a dividend yield of 1.68%. The stock currently has a market cap of $26.56 billion.

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