There were two good reasons to be optimistic heading into this morning's TD AMERITRADE (Nasdaq: AMTD) fiscal fourth-quarter report.
Charles Schwab (Nasdaq: SCHW) came through with better-than-expected results last week.
E*Trade (NYSE: ETFC) followed with healthy growth on the retail brokerage side, despite a hit from its mortgage business.
Well, it was worth the wait.
One-third of the country's discount brokerage bellwethers that reported saw profits soar 65% higher to hit $0.33 a share.
Analysts were perched at the $0.31-a-share profit mark.
read more at fool.com
Posted by The Trader on 10/23/07 7:25 PM
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