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Reuters

TD Ameritrade profit rises 3.7 percent on trading growth

Reuters
2015-07-21T12:49:57Z
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A sign with the ticker symbol for TD Ameritrade is seen on the trading floor in the New York Stock Exchange, April 25, 2012 . REUTERS/Brendan McDermid
A sign with the ticker symbol for TD Ameritrade is seen on the trading floor to celebrate the transfer of the company's stock to the New York Stock Exchange Thomson Reuters

(Reuters) - TD Ameritrade Holding Corp , the biggest discount brokerage by trade executions, reported a 3.7 percent rise in quarterly profit, driven by strong growth in trading.

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The company's net income rose to $197 million, or 36 cents per share, for the third quarter ended June 30, from $190 million, or 34 cents per share, a year earlier.

Net revenue rose 4.1 percent to $794 million.

The Omaha-based company reported net new assets of $11.7 billion, down from $13.4 billion a year earlier.

(Reporting by Neha Dimri in Bengaluru; Editing by Sriraj Kalluvila)

Read the original article on Reuters. Copyright 2015. Follow Reuters on Twitter.

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