TD Ameritrade Quarterly Earnings Rise 5.2%
Author: Brett Philbin</br></br>NEW YORK--TD Ameritrade Holding Corp.'s fiscal third-quarter profit climbed 5.2%, as the online brokerage benefited from the stock market's May 6 "flash crash," posting its highest quarter of trading volume to date.</br></br>However, during a conference call, TD Ameritrade Chief Executive Fred Tomczyk warned analysts that investors are "taking a breather" from trading and said he has seen signs that "a summer slowdown appears to be in progress."</br></br>Shares of TD Ameritrade recently traded down 48 cents, or 3%, at $15.34. The company's stock is down almost 14% over the past year.</br></br>The Omaha, Neb. online brokerage and rivals experienced a burst of trading during the quarter. Volatility has remained the prevailing market theme amid concern about European economies and fears that the U.S. economic recovery might be stalling.