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Online brokerage TD Ameritrade will discuss its fiscal 2Q earnings report Tuesday


OMAHA, Nebraska — Online brokerage TD Ameritrade will release its fiscal second-quarter earnings report Tuesday morning.

The analysts surveyed by FactSet expect the company to report earnings per share of 35 cents on revenue of $819 million.

Ameritrade makes money from trading commissions and generates revenue from assets it holds for clients and fees for advice.

The current low interest rates limit Ameritrade's asset-based revenue, but the company will prosper when interest rates rise.

A year ago, TD Ameritrade's quarterly profit jumped 35 percent as trading surged. The Omaha, Nebraska-based company earned $194 million net income, or 35 cents per share, in last year's fiscal second quarter.

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