TD Ameritrade Reports Positive Quarter, Scottrade Acquisition Closure Nears

[kreslik.news]

TD Ameritrade, one of the largest brokers for retail clients in the US, today released its second quarter earning results. The firm reports a net profit of $231 million, which is a decrease of 4 percent year-on-year. The revenue for the period grew 11 percent from the previous year to $931 million on the back of strong trading volumes and asset based revenue growth.


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The company reported EBITDA (earnings before interest, tax, depreciation and amortisation) of $437 million, an increase of 11 percent on a year-on-year basis, representing ... (read more)