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Call to the Floor: TD Ameritrade

Online brokerage TD Ameritrade reported record results earlier in the week, posting a 21% boost in client assets and beating Street estimates.

Looking at the numbers the company said net income increased 5.6 percent to $171.7 million, or 30 cents per share, in the second quarter that ended on March 31, from $162.6 million, or 27 cents per share, a year earlier.

Analysts on average were expecting 29 cents per share, according to Thomson Reuters I/B/E/S.

Revenue rose 13 percent to $718.2 million, beating Wall Street estimates of $703.6 million.

Also, TD Ameritrade added a net $11.5 billion in new funds in the quarter, an increase of 13 percent from a year earlier. Clients made an average of 439,158 trades per day, compared with 378,714 a year earlier.

Total client assets stood at about $412 billion, up 21 percent, the company said.

And commission revenue jumped nearly 16 percent from the first quarter as trading picked up.

Sounds pretty impressive. But will the online brokerage be able to sustain these gains in an environment of black swan-fueled uncertainty?

Find out from TD Ameritrade CEO Fred Tomczyk. Watch the video now!




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Trader disclosure: On April 12, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Karabell owns (AAPL); Karabell owns (BIDU); Karabell owns (GOOG); Karabell owns (MRVL); Karabell owns (SINA); Finerman and Finerman's Firm own (AAPL); Finerman and Finerman's Firm own (BP); Finerman owns (C); Finerman and Finerman's Firm own (CVS); Finerman's Firm owns (HPQ); Finerman's Firm is short (IBM) calls; Finerman's Firm owns (JPM), is long (JPM) leaps; Finerman owns (JPM); Finerman and Finerman's firm owns (MSFT); Finerman's firm owns (TGT); Finerman owns (UNG); Finreman owns (USO); Finerman's Firm is short (IWM), (MDY), (SPY); Finerman's Firm is long S&P 500 puts; Finermna's Firm is long Russell 200 Puts; Terranova Owns (VRTS); Terranova Owns (JPM); Terranova Owns (V); Terranova Owns (BX); Terranova Owns (UPL); Terranova Owns (HOC); Terranova Owns (TCK); Terranova Owns (BAX); Terranova Owns (OXY); Terranova Owns (XOM); Terranova Owns (AKAM);

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