TD Ameritrade (AMTD) Posts Record High Revenue

TD Ameritrade Holding Corporation AMTD released financial results on Tuesday morning that beat Wall Street estimates. TD Ameritrade Holding Corporation (AMTD) reported that its fiscal 3rd quarter earnings rose 5.2% to $179.4 million, or 30 cents per share, up from $170.5 million, a year earlier. Revenue climbed a healthy 13% to $691.8 million, the highest revenue in the firm's history. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 28 cents per share, on revenue of $683.18 million. Shares of AMTD rose 0.32% to $15.82 on Monday. Analysts covering the stock have a consensus price target of $20.83 per share. Omaha, Nebraska based TD Ameritrade Holding Corporation provides financial securities brokerage services and other financial services in the United States through its subsidiaries. The company offers its customers stocks, ADRs, options, futures, FOREX trading, mutual funds, fixed income securities, margin lending, cash management and other products and services. Read more from Benzinga's Company news.