Shares of TD Ameritrade Holding AMTD moved lower by 1.42% after the company reported Q3 results.
Earnings per share rose 4.81% year over year to $1.09, which beat the estimate of $0.85.
Revenue of $1,586,000,000 up by 6.37% from the same period last year, which beat the estimate of $1,410,000,000.
Earnings guidance hasn't been issued by the company for now.
TD Ameritrade Holding hasn't issued any revenue guidance for the time being.
Recent Stock Performance
Company's 52-week high was at $53.99
Company's 52-week low was at $27.70
Price action over last quarter: Up 2.26%
TD Ameritrade is a leading retail brokerage and advisor services firm. Its largest shareholder is Toronto-Dominion Bank, which beneficially owns more than 40%. The firm offers trading in stocks, bonds, options, and other asset classes. Recently, TD Ameritrade derived approximately 55% of its revenue from interest-rate-related income and fees, 35% from commissions and transaction fees, and 10% from investment product and other revenue. Practically all of the company's revenue is generated in the United States. TD Ameritrade has a pending merger with Charles Schwab that is expected to close in the second half of 2020.
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