Business & Finance
Business and Finance
Business and Finance
Mon, August 9, 2010 
OMAHA, Neb.--([ BUSINESS WIRE ])--TD AMERITRADE Holding Corporation (NASDAQ: AMTD) today announced that its board of directors has authorized the Company to repurchase up to 30 million shares of common stock in the open market and in block trades. As of July 31, 2010, TD AMERITRADE had approximately 576 million shares of common stock outstanding.
"At current prices we see further repurchases of our stock to be an attractive use of capital, providing additional value for our shareholders."
"We continue to execute well against our core growth strategies in trading and asset gathering. Our balance sheet and cash position are strong," said Fred Tomczyk, president and chief executive officer. "At current prices we see further repurchases of our stock to be an attractive use of capital, providing additional value for our shareholders."
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About TDAMERITRADE Holding Corporation
TDAMERITRADE Holding Corporation (NASDAQ: AMTD), through its brokerage subsidiaries,(1) combines innovative trading technology, easy-to-use and understand [ trading tools ], investment services, investor education and superior client service to create a market-leading financial services experience. Now home to the award-winning thinkorswim trading technology(2) and the Investools investor education program, TD AMERITRADE provides millions of retail investors, traders and independent registered investment advisors with the tools, service and support they need to help build confidence in today's rapidly-changing market environment. For more information and resources for journalists, please visit the [ TD AMERITRADE newsroom ] at [ www.amtd.com ].
Forward-looking Statements
This document contains forward-looking statements 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, effective tax rates, client trading activity, benefits of the thinkorswim acquisition, accounts or stock price, as well as the assumptions on which such expectations are based, 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, interest rates, market fluctuations and changes in client trading activity, increased competition, systems failures and capacity constraints, ability to service debt obligations, ability to realize the expected benefits from the thinkorswim acquisition, regulatory and legal matters and uncertainties and other risk factors described in our latest Annual Report on Form 10-K, filed with the SEC on Nov. 13, 2009, and our latest Quarterly Report on Form 10-Q filed thereafter. 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) TDAMERITRADE, Inc., member FINRA ([ www.FINRA.org ]) /SIPC ([ www.SIPC.org ]) /NFA ([ www.nfa.futures.org ]), and TDAMERITRADE Clearing, Inc., member FINRA/SIPC.
(2) thinkorswim, prior to joining TD AMERITRADE, earned 4.9 stars, the top score, in the category aTrading Technologya, and was rated #1 overall online broker in Barrona™s ranking of online brokers, 3/15/2010. thinkorswim was evaluated versus others in eight total categories, including trade experience, trading technology, usability, range of offerings, research amenities, portfolio analysis and reporting, customer service and education and costs. thinkorswim topped the list in 2006, 2007, 2009, and 2010 with the highest weighted-average score. Barrona™s is a registered trademark of Dow Jones & Company © 2006a"2010.
