TD Ameritrade 1Q profit falls 26 percent

OMAHA, Neb. – Online brokerage TD Ameritrade Holding Corp. said Tuesday lower interest rates and higher expenses contributed to a 26 percent drop in its first-quarter profit.
Healthy trading volume wasn’t enough to offset a decline of 10 percent in asset-based revenue and an increase of nearly 31 percent in expenses, the company said.
Expenses jumped to [...]