NEW YORK, NY / ACCESSWIRE / January 19, 2017 / Movement by the major indices were relatively quiet Wednesday on mixed corporate earnings and a drop in oil prices. The Dow Jones Industrial Average fell 0.11 percent, while the S&P 500 and Nasdaq posted slight gains of 0.18 percent and 0.31 percent, respectively. The rally in the financial sector following President Trump's election has since cooled off as investors await a clearer picture of the President's policies.

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"If you look at the banks and financial shares in general they had such a big pop late last year that some of this good news is already in the price," said Ed Campbell, a portfolio manager with asset manager QMA.

TD Ameritrade Holding Corp. (NASDAQ: AMTD)

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TD Ameritrade's shares gained 1.70 percent to close at $46.65 a share Wednesday. The stock traded between $44.88 and $46.71 on volume of 4.94 million shares traded. The company reported earnings of $216 million or $0.41 per diluted share in the first quarter of fiscal 2017, an increase of 5 percent when compared to a year ago. TD Ameritrade reported record revenues of $859 million in the fiscal first quarter. The Company gathered total of $19 billion in net new client assets in the quarter, an annualized growth rate of 10 percent.

"Strong organic growth from net new client assets, rate-sensitive assets and new accounts, coupled with emerging tailwinds from the improving interest rate environment, provides a solid base for future earnings growth," said Steve Boyle, executive vice president and chief financial officer. "Interest rate-sensitive assets, are at a record $125 billion, and the post-election environment has been positive for our business. We are taking advantage of the steepened yield curve, which should benefit future periods."

U.S. Bancorp (NYSE: USB)

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U.S. Bancorp's shares gained 0.50 percent to close at $50.56 a share Wednesday. The stock traded between $49.99 and $50.67 on volume of 6.53 million shares traded. The company reported a net income of $1,478 million, or $0.82 per diluted common share, for the fourth quarter of 2016, compared with $1,476 million, or $0.80 per diluted common share, in the fourth quarter of 2015. Revenues totaled $5.44 billion for the fourth quarter of 2016, an increase 4.3 percent year-over-year. Analysts expectations had called for earnings of $0.81 a share on revenues of $5.36 billion, according to Thomson Reuters. The Company has returned 79 percent of its 2016 earnings to shareholders through dividends and through share buybacks.

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