Fin Stocks Watchful! TD Ameritrade Holding Corp. (AMTD), Vereit Inc (VER)

Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) ended Tuesday session in red amid volatile trading. The shares closed down -0.16 points or -0.47% at $34.05 with 2.24 million shares getting traded. Post opening the session at $34.40, the shares hit an intraday low of $33.67 and an intraday high of $34.52 and the price vacillated in this range throughout the day. The company has a market cap of $18.06 billion and the numbers of outstanding shares have been calculated to be 527.00 million shares.

TD Ameritrade Holding Corp. (AMTD) released results for fiscal year 2016.

The Company generated record earnings and a record $1.58 per diluted share, driven by strong organic growth.

The Company’s results for the fiscal year ended Sept. 30, 2016 include the following:

Record $1.58 in earnings per diluted share, on net income of $842 million

Net new client assets of approximately $60 billion, a growth rate of 9 percent

Average client trades per day of approximately 463,000, up slightly year over year

Record net revenues of $3.3 billion, 57 percent of which were asset-based

Investment product fee revenue of $374 million, up 12 percent year over year

Pre-tax income of $1.3 billion, or 38 percent of net revenues

EBITDA of $1.5 billion, or 45 percent of net revenues

Interest rate-sensitive assets of $119 billion, up 10 percent year over year

Record client assets of approximately $774 billion, up 16 percent year over year

Shares of Vereit Inc (NYSE:VER) ended Tuesday session in green amid volatile trading. The shares closed up +0.02 points or 0.22% at $9.21. Post opening the session at $9.65, the shares hit an intraday low of $9.20 and an intraday high of $9.84 and the price vacillated in this range throughout the day. The company has a market cap of $8.84 billion and the numbers of outstanding shares have been calculated to be 965.19 million shares.

Vereit Inc (VER) announced its operating results for the three months ending September 30, 2016.

Third Quarter 2016 Highlights

Net Income of $30.2 million and Net Income per diluted share of $0.01

Achieved $0.20 AFFO per diluted share

Completed $278.0 million of dispositions at an average cash cap rate of 6.6%

Decreased Debt from $8.5 billion to $6.6 billion and Net Debt from $7.5 billion to $6.5 billion

Reduced Net Debt to Normalized EBITDA from 6.6x to 5.7x

Cole Capital® raised $136.4 million of new equity capital

Completed $702.5 million common stock offering

S&P raised its corporate credit rating of VEREIT to ‘BB+’ from ‘BB’ and the rating on corporate debt to ‘BBB-‘ from ‘BB+’

 

 

 

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