TD Ameritrade Holding Corp. (AMTD) reported that its second-quarter net income increased to $144 million or $0.26 per share, from $137 million or $0.25 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter rose to $679 million from $673 million in the prior year quarter. Seventeen analysts had consensus revenue estimate of $674.49 million for the quarter.
The company said it ended the quarter with a record $517 billion in total client assets, driven by its continued double-digit organic client asset growth rate and market appreciation.
The Company has declared a $0.09 per share quarterly cash dividend, payable on May 15, 2013 to all holders of record of common stock as of May 1, 2013.
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