Ameritrade (AMTD) Considering Share Buybacks And A Dividend, Seeing Strong Trends
By Benzinga Staff
October 27, 2009 8:25 AM
October 27, 2009 8:25 AM
TD Ameritrade Holding Corp. (Nasdaq: AMTD) Q4 earnings fell a less-than-expected 8.8% as the company posted new highs in average client trades per day and net new assets.
On Ameritrade's conference call, it said it is continuing to see strong trends in the marketplace. Also, AMTD said it is considering share buybacks and a dividend.
TD Ameritrade posted a profit of 26 cents a share, down from 29 cents a share, a year earlier versus 22 cents.
Average client trades a day were up 35% on the year and 4.9% sequentially amid the stock market's continued rally.
AMTD expects EPS this fiscal year to between $1.10 and $1.40 a share, in line with analysts' expecations for $1.29.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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