TD Ameritrade Reports April Trade Volume Down 6% YoY

Financial News Network
May 10, 2011 AT 5:38 PM
TD Ameritrade Holding Corporation (NASDAQ:AMTD) reported an average of 402,000 client trades per day in April 2011, down 6% from April 2010 and down 3% from March 2011.The company reported total client assets of $423 billion as of April 30, 2011, up 21% from April 2010 and up 3% from March 2011.The average spread-based balance was up 14% year-over-year to $61.6 billion, while the average fee-based balance was up 28% year-over-year to $81.9 billion.TD Ameritrade Holding has a potential upside of 8.8% based on a current price of $21.32 and an average consensus analyst price target of $23.2.