Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

TD Ameritrade Crushes Estimates for Q3

TheMotleyFool

0 0

Collectively, analysts following the fortunes of online brokerage TD Ameritrade (NASDAQ: AMTD) were expecting the company to have a good quarter, but not this good.

TD Ameritrade reported on its third quarter of fiscal 2020, and some of its results were quite impressive. Net revenue increased by 6% year over year to almost $1.59 billion on the back of daily average revenue trades (DARTs, a crucial yardstick for brokerages) that rose more than fourfold to hit a new quarterly record of 3.4 million. Meanwhile, adjusted net income shot 26% higher to $591 million, or $1.09 per share.

Image source: Getty Images.

Source Fool.com

Like: 0

AMTD

Share