TD Ameritrade reports Q3 EPS 34c, consensus 34c Reports Q3 revenue $763M, consensus $758.73M. Reports net new client assets of $13.4B for a 9% annualized growth rate. Reports Q3 average client trades per day of 401K for an activity rate of 6.5%.
TD Ameritrade downgraded to Neutral from Buy at Citigroup Citigroup downgraded TD Ameritrade to Neutral after lowering its estimates to reflect the company's leverage to the flattening of rates. It dropped its price target for shares to $39 from $40.