TD Ameritrade delivered record quarterly results, on the back of increasing trading activity by customers, higher revenue from investing activity, and more fee income from the management of customers' assets.
The discount brokerage, in which Toronto-Dominion Bank has a 39% stake, reported fourth-quarter profits of US$200.4-million (US33 cents a share), up 56% from US$128.1-million (US21 cents), a year earlier.
Read more at canada.com
Posted by The Trader on 10/23/07 7:26 PM
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