TD Ameritrade Reports Record 2016 Revenues

[kreslik.news]

TD Ameritrade has today released its results for the fiscal year 2016, reporting net profits of $842 million, an increase of 3.7 percent over last year’s figure of $813 million.

According to a company statement, net revenues for the period were a record $3.3 billion, representing a 2 percent annual increase and another year of solid growth for the online broker.

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Financial Metrics

Earnings before interest, taxes, depreciation and amortization (EBITDA) for the full year reached $1.5 billion and represented 45 percent of net revenues, and pretax profits stood at $1.3 billion, which was ... (read more)