TD AMERITRADE Holding Corporation saw an increase in their net income for 2006 by 14 percent from the prior quarter to USD146 million.
Highlights for the quarter include: net revenue of USD535 million, average client trades per day of approximately 238,000, annualised return on equity of 34 percent for the quarter, and client assets of approximately $278.2 billion.
“After 4 record years, we’ve begun the new year with our best quarter ever. Pre-tax margin of 45 percent and ROE of 34 percent puts us near the 90th percentile of the S&P 500,” says Joe Moglia, the chief executive officer of TD AMERITRADE Holding Corporation. “We’ve delivered all of this while executing on the integration of TD Waterhouse and our client segmentation strategy.”