OMAHA, Neb. (AP) — Online brokerage TD Ameritrade will release its fiscal second-quarter earnings report Tuesday morning.
The Omaha-based company may report strong trading activity because the stock market soared in the first three months of 2013.
But Credit Suisse analyst Howard Chen said in a research note that the current low interest rates will continue to create challenges for Ameritrade.
Analysts surveyed by FactSet expect Ameritrade to report earnings per share of 26 cents on revenue of $677.1 million.
Last year, Ameritrade’s quarterly profit dropped 20 percent because it handled fewer stock trades and interest rates were low.
Ameritrade reported net income of $137 million a year ago, or 25 cents per share, on revenue of $673 million in its fiscal second quarter last year.
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Online:
TD Ameritrade Holding Corp.: www.amtd.com
