TD Ameritrade Ends 2014 On A High Note As Core Businesses Drive Growth

The growth in net revenues was largely responsible for the margin improvement as most expenses remained flat. The only significant rise in the company's operating expenses was in compensation and benefits costs, which rose by nearly 9% to $199 million during the quarter. Employee compensation and benefits expenses grew mainly on account of the brokerage increasing its employee headcount to cater to the rise in trading volumes and investments. Going forward, the brokerage is likely to continue to...