The Omaha-based company announced Tuesday that its fiscal third quarter, which ended June 30, saw revenue increase 13% to $691.8 million. The results beat expectations by two cents per share, according to
Fred Tomczyk, TD Ameritrade's president and chief executive officer, attributed "record trading and continued strong asset-gathering" to driving the company's strong results.
Analysts said that market volatility and the May 6 Flash Crash may spurred heavy trading volume during the quarter for online brokers like TD Ameritrade.
Average daily client trades increased 5.4% to 413,000 from a year earlier. Client assets under management increased 22% to $323.8 billion.