TD Ameritrade Jan Trading Volume Down On Year, Up From Quiet Dec

Date : 02/08/2012 @ 9:22AM
Source : Dow Jones News
Stock : TD Ameritrade Holding Corp. (MM) (AMTD)
Quote : 37.93  -0.73 (-1.89%) @ 8:00PM

TD Ameritrade Jan Trading Volume Down On Year, Up From Quiet Dec

TD AmeriTrade Holding Corp. (NASDAQ:AMTD)
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TD Ameritrade Holding Corp. (AMTD) reported its daily client trades declined in January from a year earlier, but moved higher from a quiet December.

The online brokerage posted an average of 374,000 client trades per day last month, down 17% from 2011 but up 18% from December. The December trading period typically hosts lighter trading around the holidays, although nagging investor fears over a debt crisis in Europe also added to an end-of-year slowdown.

As of the end of January, the brokerages' client assets totaled $426.3 billion, up roughly 8% from January 2011 and 5% from December.

TD Ameritrade last month reported its fiscal first-quarter earnings edged up 4.8% as a tight control on expenses helped the online brokerage offset a surprise decline in revenue.

Shares closed Tuesday at $17.06 and were inactive in premarket trade. The stock is up 9% since the start of the year.

 
   -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com 



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