Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  TD Ameritrade Holding Corp.    AMTD   US87236Y1082

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

TD Ameritrade Holding Corp. : TD Ameritrade Averaging 370,000 Client Trades/Day In April

04/17/2012 | 09:10am US/Eastern
   By Brett Philbin 
   Of  
 

TD Ameritrade Holding Corp. (AMTD) said it's averaging 370,000 client trades per day so far in April, suggesting a third straight monthly decline in trading volume.

The forecast, which is preliminary, implies the Omaha, Neb. online brokerage's daily average revenue trades, or DARTs--a measure of trading volume--are down 3% from March and 8% from a year earlier. The year-ago period reflects some tough comparisons for TD Ameritrade though, as it was the company's best quarter of trading activity in its history.

The data also confirms trading activity was sluggish to start 2012 amid an on-going European sovereign-debt crisis and concerns about a slowing economic recovery.

During a conference call with analysts, TD Ameritrade Chief Executive Fred Tomczyk said, "there remains a sense of caution among the retail investor despite improvements in the market in the quarter."

While trading activity was strong to begin 2011, Tomczyk said volumes this year reflect investors "waiting to see if the economy and markets are for real this time."

Earlier Tuesday, TD Ameritrade said its fiscal second-quarter earnings slumped 20% from a year ago as its trading revenue plunged.

Within the quarter, Ameritrade's commission and transaction fee-based revenue fell 14% from a year ago to $292 million, though climbed 6.8% sequentially. The company posted DARTs of 388,000 in period, down 12% from a year earlier, but up 5.5% from the previous quarter.

Shares of TD Ameritrade recently traded down 0.9% at $18.61. The stock has climbed 20% year-to-date as of Monday's close.

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

React to this article
Latest news on TD AMERITRADE HOLDING CORP
05/13 TD AMERITRADE : CFO to Speak at Barclays Americas Select Franchise Conference
05/11 TD AMERITRADE : Reports Monthly Metrics
05/07 TD AMERITRADE : Management's Discussion and Analysis of Financial Condition and ..
05/06 TD AMERITRADE : 6th Annual TD Ameritrade College Home Run Derby Slated for July ..
05/04 TD AMERITRADE : Discloses Resignation of Ed Clark from Board of Directors
05/04 TD AMERITRADE : Change in Directors or Principal Officers (form 8-K)
05/04 TD AMERITRADE : Investor Movement Index: New Two-Year Low Marks Fifth Month of D..
05/01 TD AMERITRADE : Chicago Tribune Gail MarksJarvis column
05/01 TD AMERITRADE : Celebrates the Day That Opened Wall Street to Main Street (Retai..
04/29 TD AMERITRADE : Takes Home Award from Benzinga Fintech Gala
Advertisement
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF