Earnings summary Adjusted earnings per share are up 14.13% from 92 cents in its fiscal fourth quarter of 2018. Revenue reported in the quarter is 11.43% higher YoY than $1.40 billion. The TD Ameritrade earnings report also includes an operating income of $780 million. That’s a 22.85% increase over its operating income of $635 million from the same time last year. Net income of $551 is 21.37% better than the $454 million reported in the same period of the year prior. AMTD also saw net new client assets increase by 7% during the quarter. Average client trades per day were up 5% from its fiscal third quarter of the previous year. Steve Boyle VP and CFO stated= “Despite the volatile year in the market and interest rate variations, our strong full-year results demonstrate the strength of the diversity of our business. Integrating greater efficiency and long-term resiliency throughout our business has allowed us to keep expense growth in check, making it easier for us to respond to shifting market and competitive dynamics.”
P/E ratio 10.02 = holds a lot of upside. Average analysts price target $36 = multiple downgrades early October.
TD Ameritrade Holding Corp. engages in the provision of securities brokerage services and related technology-based financial services. It offers the following products and services to retail clients: touch-tone trading; trading over the internet, unlimited streaming, free real-time quotes; extended trading hours; direct access to market destinations, and commitment ton the speed of order execution. The company was founded by John Joe Ricketts in 1971 and is headquartered in Omaha, NE.