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TD Ameritrade reports fiscal 2Q earnings Wednesday

Online brokerage TD Ameritrade will release fiscal 2Q earnings Wednesday morning

Associated Press

OMAHA, Neb. (AP) -- Online brokerage TD Ameritrade will release its fiscal second-quarter earnings report Wednesday morning.

The Omaha, Nebraska, based company is likely to report positive news because investors have been active in the first three months of the year.

Analysts surveyed by FactSet expect TD Ameritrade Holding Corp. to report earnings per share of 34 cents on $800 million revenue.

A year ago, TD Ameritrade reported $144 million net income, or 26 cents per share, on $679 million in the quarter.

The company makes money off of trading fees, asset-based fees on money it holds for clients and investment advice fees.

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Online:

TD Ameritrade Holding Corp.: www.amtd.com