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TD Ameritrade fiscal 2Q profit jumps 35 percent

OMAHA, Neb. (AP) -- Online brokerage TD Ameritrade says brisk stock trading in the first three months of the year lifted its quarterly profit 35 percent.

The Omaha, Neb.-based company said Wednesday that it generated $194 million in net income, or 35 cents per share, in its fiscal second quarter. That's up from $144 million, or 26 cents per share, last year. Revenue grew 20 percent to $812 million.

Analysts surveyed by FactSet expected TD Ameritrade Holding Corp. to report earnings per share of 34 cents on $800 million in revenue.

The biggest growth came from transaction fees, which jumped 30 percent to $374 million as TD Ameritrade handled roughly 492,000 trades a day.

TD Ameritrade's asset-based revenue and investment advice fees also grew.

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Online:

TD Ameritrade Holding Corp.: www.amtd.com

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