TD Ameritrade to release 4Q earnings on Tuesday
AP News ( 2009-10-27 15:57:21 )
Online brokerage TD Ameritrade Holding Corp. will release its fourth-quarter earnings report Tuesday morning.
Investors expect the current low interest rates to continue limiting the Omaha-based company's interest-based revenue. But this fall's improvement in the stock market may boost Ameritrade's trading-based revenue enough to counteract the lower interest revenue.
Analysts surveyed by Thomson Reuters expect TD Ameritrade to report quarterly earnings per share of 22 cents on $630.48 million in revenue.
Company officials have said they want TD Ameritrade to be ready to excel when markets improve. So Ameritrade has been maintaining substantial cash reserves while looking for possible acquisitions and strengthening its own business.
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On the Net:
TD Ameritrade Holding Corp.: http://www.amtd.com
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