TD Ameritrade profit rises 40 pct as trading fees jump
Oct 29 (Reuters) - TD Ameritrade Holding Corp, the biggest U.S. discount brokerage by client trading volume, posted a 40 percent rise in fourth-quarter net profit as an increase in client-trading boosted transaction and commission fees.
The company's net income rose to $200 million, or 36 cents per share, in the quarter ended Sept 30, from $143 million, or 26 cents per share, a year earlier.
Revenue rose about 10 percent to $709 million.
- Putin dissolves state news agency, tightens grip on Russia media
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Thai PM calls snap election, protesters want power now |
- Record cold, ice grip U.S.; more snow to blanket East
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'