LOWER PROFIT: Online brokerage TD Ameritrade says the uncertain economy and record-low interest rates hurt its fiscal third-quarter profit, and those factors aren’t likely to change anytime soon.
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TRADING TROUBLE: The average number of trades Ameritrade handled each day fell 4 percent to 355,449 in the quarter.
PROFIT PLAN: Ameritrade says its net income dipped 2 percent to $153.8 million, or 28 cents per share, but still topped Wall Street expectations. Lower expenses and an increase in the assets investors entrusted with Ameritrade helped.
