Ameritrade Releases November Trading Metrics, Strong Outlook For Year-End

On a year-over-year basis, the brokerage had a positive month in terms of gaining net client assets and a rise in trading activity. In its fiscal year ended September, Ameritrade witnessed significant growth in all its major revenue streams - commission and transaction fees (+15%), interest-based revenue (+24%) and asset-based revenues (+12%) - largely driven by an increase in trading activity and a gain in client assets complemented by rise in yield rates. Continuing the trend from the previous...