TD Ameritrade Holding, a provider of online discount brokerage services to self-directed investors, has reported a net income of US$184 million, or US$0.33 per diluted share, for the third quarter of fiscal 2013, a 19.5% increase compared to US$154 million, or US$0.28 per diluted share, for the previous year period.
The third quarter net revenues were US$725 million, an 8.7% increase compared to US$667 million for the corresponding period a year ago.
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The firm has reported net new client assets of US$11 billion for the third quarter of fiscal 2013, an increase of 11% compared to the previous year quarter.
The client assets were approximately US$524 billion for the third quarter of fiscal 2013, compared to US$517 billion for the corresponding period of 2012.
Bill Gerber, executive vice president and CFO of TD Ameritrade, said: "We are pleased with our performance this quarter. Earnings per share came in at 33 cents, the third highest ever and the highest since the June quarter in 2008.
"We benefited from the improved trading environment, and we kept our eyes focused on disciplined expense management and maintaining our strong balance sheet. We have good momentum, and we’re well positioned as we look ahead to fiscal 2014."
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