TD Ameritrade Sees Net Income Climb

TD Ameritrade (NASDAQ: AMTD) announced its results for the fourth quarter on October 25, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.

Earnings and Revenue:
TD Ameritrade let Wall Street down with EPS of 29 cents/share and revenues of $703.5 million. Analysts were expecting EPS of 30 cents/share and revenues of $714.6 million. EPS rose 45% while revenue climbed 16% from the same period last year.

Income:
For the year, TD Ameritrade reported net income of $1.11/share. The company trumped analyst projections of $1.10 by 0.9%. According to the reported number, the company's income rose 43.6% from last year's levels.

Conference Call:
The conference call for fourth quarter earnings can be accessed here.

Official Comment:
"Despite operating in a challenging economic environment for the past three years we have continued to deliver strong results in those areas within our control, and 2011 was no exception," said Fred Tomczyk, president and chief executive officer. "We gathered a record $41 billion in net new assets, including a record $12 billion in the fourth quarter alone, an annual growth rate of 12 percent. We maintained our industry-leading position in trading with yet another year of record client trades per day, as we enhanced our mobile offering, launched our three-tier trading platform and completed the integration of thinkorswim. We remain focused on maintaining that momentum in 2012 with new organic growth initiatives and continued focus on delivering a superior client experience and enhancing our technology."

Industry:
With price/earnings growth of 0.9%, TD Ameritrade's industry, financial/investment brokers, is expanding.

What to Do Next:
Now that you've gotten a round up of TD Ameritrade's latest numbers, you can make a better-informed decision about whether to buy, sell, or hold those shares. Whatever you do, be sure to visit us before the company's next earnings release for a full preview.

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