TD Ameritrade Earnings Preview: Asset-Based Revenues To Drive Results

On the asset front, while TD Ameritrade witnessed a slight decline in spread-based assets in November on a sequential basis, average balances through Q1 fiscal 2016 were approximately 8% higher on an annual basis. Also, fee-based balances increased by 7% year over year (y-o-y) in the months of October and November, which bodes well for the quarter. On the other hand, subdued trade volumes could offset TD Ameritrade?s gains on the asset side of the business.