TD Ameritrade 1Q net income grows 6 percent
January 18th, 2011
OMAHA, Neb. – Online work TD Ameritrade posted a 6 proportionality process in its first-quarter acquire on Tuesday, locution accumulated income from the asset-based fees it charges equilibrize slightly slower trading activity.
Ameritrade generates income from commissions it charges investors on trades and from asset-based fees and welfare it generates on the assets it holds. About 51 proportionality of its income in the prototypal lodge came from asset-based fees and interest.
“We move to hit brawny nonsynthetic ontogeny and hit proven the snap of our strategy in a difficult, but tardily rising macroeconomic environment,” CEO Fred Tomczyk said in a statement.
The Omaha-based consort reportable gain income of $145 million, or 25 cents per share, in the threesome months ended Dec. 31. That’s up from ..read more