TD Ameritrade Reports Record 2014 Earnings, Double-Digit Asset Growth

The TD Ameritrade Holding Corp (NYSE: AMTD) released its results for fiscal 2014. The Company gathered approximately $53 billion in net new client assets, maintaining its industry-leading double-digit net new client asset growth rate for six years in a row.

The firm’s results for the fiscal year which ended on September 30, 2014, have marked a set of record numbers for the company. TD Ameritrade Holding Corp (NYSE:AMTD) reported $1.42 earnings per diluted share on net income of $787 million and record net new client assets totaling approximately $53 billion, which is an annualized growth rate of 10 percent.

The firm also reported record average client trades per day totaling 427,000, which is higher by 6.9%. Client assets held at TD Ameritrade Holding Corp (NYSE:AMTD) of approximately $653 billion, are up by 17% year-over-year.

The company’s President and CEO, Fred Tomczyk, said, “With improved investor sentiment, retail investors returned to the markets in 2014, increasing engagement across our platforms and boosting trading volumes. Asset gathering remained strong, as we gathered a record $53 billion of net new client assets, our sixth consecutive year of double-digit growth.”

The company is continuing an impressive period of constant growth as it gathered $219 billion of net new clients assets over the past five years.

“We had a strong year and have good momentum as we start 2015. We will continue to adapt and evolve as an organization by optimizing newer technologies like Big Data Big Data Big data refers to the collection of data that is too complex and too large for processing by standard database tools. There is no specific quantity of data, which is set as a minimum level to be considered Big data. Image the data collected on global credit card transactions. Many governments used Big data analysis to study the recent pandemic spread. The term Big data was first introduced in 1980 by Charles Tilly.The term Big data was primarily used in computer science, statistics, and econome Big data refers to the collection of data that is too complex and too large for processing by standard database tools. There is no specific quantity of data, which is set as a minimum level to be considered Big data. Image the data collected on global credit card transactions. Many governments used Big data analysis to study the recent pandemic spread. The term Big data was first introduced in 1980 by Charles Tilly.The term Big data was primarily used in computer science, statistics, and econome Read this Term, social media and mobile, in order to enhance our clients’ investing and trading experience and drive continued strong organic growth,” Mr. Tomczyk explained in the company’s announcement.

TD Ameritrade Holding Corp's (NYSE:AMTD) Executive Vice President and CFO, Bill Gerber, explained in the company’s announcement, “Interest rate-sensitive assets have grown to a record $100 billion, mitigating the impact of the macroeconomic environment and giving us the flexibility to invest in and grow the business.”

“As a result, fiscal 2014 earnings were a record $1.42 per diluted share, client assets are at an all-time high of $653 billion, and we effectively returned more than 90 percent of our net income to shareholders in the form of cash dividends and share repurchases,” he concluded.

The TD Ameritrade Holding Corp (NYSE:AMTD) also released an updated Outlook Statement which reflects expected earnings of $1.45 to $1.70 per diluted share for its 2015 fiscal year.