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TD Ameritrade profit rises 40 pct as trading fees jump
October 29, 2013 / 11:42 AM / 4 years ago

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.

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