Ameritrade Reports Monthly Metrics.OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb. -- Ameritrade Holding Corporation (Nasdaq:AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ) today reported 113,000 average client trades per day in August 2004. The Company opened 20,000 new accounts and closed 10,000 accounts during August resulting in an aggregate of 3,509,000 total accounts. Margin Balances and Client Assets The Company reported average client margin balances in August of approximately $3.2 billion. On August 27, 2004, client margin balances totaled approximately $3.1 billion. Client assets totaled approximately $67.4 billion of which cash and money market assets totaled $12.2 billion. Outlook Ameritrade expects its earnings per share to be near the lower end of the $0.10 to $0.22 guidance for the fourth quarter of fiscal 2004. The Outlook Statement is available at the Company's corporate Web site located at www.amtd.com. Other Corporate Matters Share Repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. During August, Ameritrade utilized $11.0 million to repurchase approximately 1.0 million shares of its stock. Since the stock buy-back program was initiated, through August 27, 2004, the Company has invested about $402.9 million in repurchasing 41.4 million shares at a weighted average price of $9.73 per share. About Ameritrade Holding Corporation Ameritrade Holding Corporation has a 29-year history of providing investment services to self-directed individuals. Ameritrade develops and provides innovative products and services tailored to meet the varying investing and portfolio management needs of individual investors and institutional distribution partners. A brokerage industry leader, Ameritrade, Inc.,(1) a subsidiary of Ameritrade Holding Corporation, was the first financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organization recognized by J.D. Power and Associates as a Certified See certification. Call Center. For more information, please visit www.amtd.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This document contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws. In particular, any projections regarding our future revenues, expenses, earnings, capital expenditures or activity rates are forward-looking statements. These statements reflect only our current expectations and are not guarantees of future performance or results. These statements involve risks, uncertainties and assumptions that could cause actual results or performance to differ materially from those contained in the forward-looking statements. These risks, uncertainties and assumptions include general economic and political conditions, market fluctuations and changes in client trading activity, increased competition, systems failures and capacity constraints, regulatory and legal matters and uncertainties and other risk factors described in our latest Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Quarterly Report on Form 10-Q Form 10-Q See 10-Q. . These forward-looking statements speak only as of the date on which the statements were made. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. (1) Ameritrade, Inc., member NASD/SIPC |
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