Summary Box: TD Ameritrade 4Q profit up 44 percent

AP News
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Posted: Oct 25, 2011 8:16 AM
Summary Box: TD Ameritrade 4Q profit up 44 percent

PROFIT JUMPS: TD Ameritrade Holding Corp. posted a 44 percent jump in fiscal fourth-quarter profit to $163.7 million, or 29 cents per share.

HEAVY TRADING: Average client trades per day neared 416,000 as the market whipsawed.

ASSETS RISE: Client assets ended the fiscal year at $413.7 billion, up 28 percent from last year. Total funded accounts rose to 5.6 million, a net gain of 162,000 for the year.