Bold/emphasis added.
“We’re off to an outstanding start in 2018, with powerful momentum and financial strength continuing across all core metrics. Our enhanced competitive position and increased scale, thanks to our recent acquisition of Scottrade, is further accelerating our earnings power, which we expect to continue following the final clearing conversion,” said Tim Hockey, TD Ameritrade president and chief executive officer. “Trading was at record levels, and investor engagement has continued across all client segments as the market reached new highs. Enhanced consumer interest in blockchain and cannabis-related securities drove a further surge in engagement in the final weeks of the quarter, particularly among first-time investors. New account growth is at record levels, interest in our digital guidance solutions remains high, and use of our multiple mobile offerings continues to rise. Our fully-staffed service centers are busy, providing education to clients and arming them with the information they need to make informed investment decisions.”
Just an FYI. I'm not going to say that this is a top by any means, but TD Ameritrade specifically saying that "first time investors are piling into weed stocks and blockchain stocks" isn't something you hear at bottoms, either.
Submitted January 23, 2018 at 12:08PM by dvdmovie1 http://ift.tt/2BnIXi3
