TD Ameritrade Holding Corp. (AMTD) reported its volume of daily
client trades declined in February from a year earlier but moved
higher from January.
It was the second straight month of sequential trading growth
for the online brokerage, though concerns about the global economy
and Europe's debt crisis have continued to weigh on the market.
TD Ameritrade posted an average of 409,000 client trades a day
last month, up 9% from January but down 10% from a year
earlier.
As of the end of February, the brokerage's client assets totaled
$441.8 billion, up 4% month-to-month and 8% year-to year.
TD Ameritrade in January reported its fiscal first-quarter
earnings rose 4.8% as a tight control on expenses helped the online
brokerage offset a surprise decline in revenue.
Shares closed Wednesday at $18.70 and were inactive in premarket
trade. The stock is up 19.5% since the start of the year.
-By Tess Stynes, Dow Jones Newswires; 212-416-2481;
Tess.Stynes@dowjones.com