AMTD - TD Ameritrade - Page 4

gapping up

Broader market for AMTD is looking shaky. AMTD looks great, but be cautious.

Hitting resistance again. Will it break $18?

No, it kept hitting resistance and falling back so I sold my calls.

Getting slaughtered today on the bank of america free trading news

... and the downgrade.

Yeah not really worried either.

I wouldn't trade with BoA ever. This is just a guess, but its likely fills will be slow, no charting, no reasearch etc.... no daytrading etc...

Sure some people may trade that way, but not many.

This is an overreaction IMO.

Bad timing with sogoinvest offering trades from $1-$3 and zooco having zero comissions.

BoAIS has the standard packages that Ameritrade and ETrade offers. Good news is only 40% of Ameritrade and Etrade's revinue comes from comissions. They can get the price of comissions down to $2 and they'll still be ok.

Lowering comissions also will attract more clients which will increase their revinues because 60% of their income is from margins, interest on balance, research and such.

Bank of American can lower the trading comission to zero because of the $25k account minium. They can feed it into their morgage or credit card business earn interest. If the client wants to purchase a stock BoA can cover that with their huge reserve of cash on hand.

I think we'll see Etrade and AMTD lowering commissions

I am not really sure if its a over reaction. A lot of people trade with with over 25K and they use lots of other tools than their broker for charting and level2. So, there might be some exodus of traders to BofA because of this. The cavaet for all this is.. they are offering only the first 30 or 40 trades per month free.. After that they gonna charge the regular commissions.

Also, one should remember, you can not compare zocco or zecco with BofA... Those are some unknown new brokers and BofA is well trusted and well established institution.. Its like comparing my investment advice with that of vanguard

Wait till end of the year...

ET reports Wednesday...If earnings are solid, it could be a good time to get into AMTD.

amtd should have great earnings lol I trade to damn much!! ah well, makin money at least

Keep on your watchlist.

At support level right now.

Way to cheap!!!!!

TD Ameritrade Profit Rises 36 Percent

Related information E-mail this article Print-friendly versionStocks mentioned in this articleTD Ameritrade Holding Corp. (AMTD) Stock Quote, Chart, News Bank of America Corporation (BAC) Stock Quote, Chart, News E*TRADE FINANCIAL Corporation (ET) Stock Quote, Chart, News Knight Capital Group Inc. (NITE) Stock Quote, Chart, News The Charles Schwab Corporation (SCHW) Stock Quote, Chart, News Related topicsEarnings Reports

All Associated Press NewsOMAHA, Neb. (AP) - Online brokerage TD Ameritrade Holding Corp. reported Tuesday that net earnings jumped 36 percent in its fiscal fourth quarter as the company continued to benefit from its latest acquisition.

Ameritrade earned $128.1 million, or 21 cents per share, on revenue of $488.7 million during the quarter. Analysts polled by Thomson Financial expected quarterly earnings per share of 22 cents on revenue of $505.3 million.

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Ameritrade acquired TD Waterhouse's U.S. retail securities business in January as part of a plan to attract more long-term investors and diversify its revenue stream. But the company is still working to integrate TD Waterhouse's assets.

"Everything we do in the next year will be based on successfully completing the integration and positioning our franchise for long-term success," Chief Executive Joe Moglia said. "We will be relentless in driving down costs, stimulating organic growth and becoming a more sales-focused organization."

During Ameritrade's 2006 fiscal year, the company earned $526.8 million, or 95 cents per share, up 55 percent from 2005. But when a one-time gain from the sale of its investment in Knight Capital Group Inc. is excluded, the company earned $483 million, or 87 cents per share, in 2006.

For the full fiscal year, analysts polled by Thomson Financial expected earnings per share of 89 cents on revenue of $1.83 billion.

Ameritrade said it generated revenue of $1.8 billion in 2006, up 80 percent from the previous year.

Moglia said the company also paid off about one-quarter of its debt during 2006 and repurchased 3.8 million shares of Ameritrade stock.

Ameritrade reported handling 204,480 trades a day on average during its fourth fiscal quarter, which is down from the 252,784 trades a day it handled during the third quarter.

Throughout the full year, Ameritrade handled 216,970 trades a day on average, up from the 155,696 trades a day it handled in 2005.

New concerns about a commission price war emerged earlier this month when Bank of America Corp. announced a plan to give some of its customers up to 30 free online trades a month if they have at least $25,000 in deposits.

So far, Ameritrade -- and rivals E-Trade Financial Corp. and Charles Schwab Corp. -- have resisted any pressure to cut their commissions in response, although the stock prices of all three brokerages took a hit after Bank of America's announcement.

Analyst Howard Chen with Credit Suisse First Boston said in a research note after Bank of America's announcement that he didn't think many Ameritrade customers would switch brokers because of the offer. The average Ameritrade customer makes 10.5 trades per year and holds an average cash and money market balance of $6,150 -- well below what Bank of America requires for free trades.

Ameritrade adjusted its earnings projections for fiscal 2007 on Tuesday to a range of 98 cents to $1.22 per share. That's a slightly larger range than the 99 cents to $1.21 per share the company predicted in July.

Analysts expect earnings per share of $1.20 in fiscal 2007.

needs to combine with ET.....the we'll have a powerhouse