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TD Ameritrade (AMTD) Stock Gains on Q3 Earnings Beat

NEW YORK (TheStreet) -- Shares of TD Ameritrade (AMTD) are climbing 2.47% to $29.97 late Tuesday morning after the company reported better-than-expected results for the 2016 fiscal third quarter.

Before today's opening bell, the Omaha, NE-based brokerage posted adjusted earnings of 39 cents per share, topping analysts' forecasts by one cent.

Revenue for the quarter was $838 million, higher than analysts' projections of $830 million.

President Tim Hockey said the quarterly results reflected mixed investor sentiment.

"Long-term investors expressed some reticence to move new money, while traders increased their equity...


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