TD Ameritrade Q1 net profit rises, revenue increases

OMAHA, Neb. – TD Ameritrade Holding Corp. (NYSE:AMTD) says it had US$211 million of net income in the three months ended Dec. 31, which was the first quarter of the brokerage firm’s 2015 financial year.

The profit amounted to 39 cents US per diluted share. That was up from US$192 million or 35 cents per share a year earlier and about equal to the Omaha-based company’s net income in the previous quarter ended Sept. 30.

Revenue was up both year over year and from the fourth quarter of fiscal 2014.

TD Ameritrade’s net revenue from all sources was US$819 million in the October-December quarter, up from US$795 million in the July-September quarter and from US$752 million in the first quarter of fiscal 2014.

Transaction based revenues were also up, rising to US$359 million from US$332 million in the prior quarter and US$328 million in the year-earlier quarter.

TD Bank Group said separately in a statement from Toronto that Ameritrade will contribute about C$90 million to its own net income for the bank’s fiscal first quarter, which will be announced Feb. 26.