OMAHA, Neb. (AP) — Online brokerage TD Ameritrade will release its fiscal first-quarter earnings report Tuesday morning.
Ameritrade's earnings report will show whether worries about the so-called fiscal cliff debate drove investors to buy and sell stocks or to retreat to the sidelines.
A year ago, Ameritrade reported $152 million net income, or 27 cents per share, in the October-December quarter as trading activity slowed because investors worried about the economy.
The Omaha, Neb., based Ameritrade generates revenue both from trading fees and from the asset-based fees they charge clients.
Analysts surveyed by FactSet, on average, expect Ameritrade to report quarterly earnings per share of 24 cents on revenue of $636 million.
TD Ameritrade Holding Corp.: www.amtd.com