TD Ameritrade’s Q2 Profit Rises on Higher Trading Commissions (AMTD)

By
A A A
Share |

Online brokerage operator TD Ameritrade Holding Corp. ( AMTD ) on Monday said its fiscal second quarter rose 6% from last year, beating analyst estimates.

The Omaha-based company reported fiscal second quarter net income of $171.7 million, or 30 cents per share, compared with $162.6 million, or 27 cents per share, in the year-ago period.

Revenue rose 13% from last year to $718.2 million.


On average, Wall Street analysts expected a smaller profit of 29 cents per share on lower revenue of $703.6 million.

TD Ameritrade shares rose 52 cents, or +2.4%, in premarket trading Monday.

The Bottom Line
Shares of TD Ameritrade ( AMTD ) have a 3.28% dividend yield, based on Friday's closing stock price of $22.11. The stock has technical support in the $19-$20 price area. If the shares can firm up, we see overhead resistance around the $24-$26 price levels.

TD Ameritrade Holding Corp. ( AMTD ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: AMTD

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Avatars of the Luxe Life
Avatars of the Luxe Life            

Stocks

Referenced

Most Active by Volume

8,275,845
  • $6.9399 ▲ 14.52%
4,411,082
  • $7.13 ▲ 6.42%
4,274,693
  • $17.4399 ▲ 1.04%
3,764,571
  • $43.87 ▲ 6.58%
3,463,973
  • $111.05 ▲ 1.50%
3,372,806
  • $7.72 ▲ 1.05%
3,099,297
  • $24.7957 ▲ 1.50%
2,881,582
  • $2.5399 ▼ 7.97%
As of 12/18/2014, 09:35 AM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com