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The Globe and Mail

TD Ameritrade posts lower quarterly profit

Customers at a TD Ameritrade office check online stock prices Friday, April 13, 2007 in New York.


TD Ameritrade Holding Corp. reported a lower quarterly profit on Tuesday as near-zero interest rates and low intraday volatility cut into the discount brokerage's income, and as expenses rose.

The company said it earned 25 cents (U.S.) a share, or $136.7-million in its fiscal second quarter, ended March 31. It earned 30 cents a share, or $171.7-million in the year-earlier period.

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