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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?

To: max power who wrote (1083)	2/16/2000 9:30:00 AM
From: Lou Weed	Read Replies (1) \| Respond to of 1413

Wow.....take a look at them coconuts!!!!!! These nos. are spectacular! BLOWOUT NUMBERS TD Waterhouse Group, Inc. Reports Record 1st Quarter Results; All Key Financial Indicators Set Record Highs 1st quarter highlights: - Net income of $57 million for the fiscal quarter ended January 31, 2000 - up by 184% from first quarter 1999 and 172% from fourth quarter 1999. - Earnings per share of $0.15 compared to $0.06 for both first and fourth quarters of last year. Excluding the impact of goodwill, earnings per share were $0.17 versus $0.09 a year ago and $0.08 last quarter. - Revenues up 77% year-over-year, to $382 million. - New account openings increased by 56% to 260,000, exclusive of acquisitions, versus 167,000 a year ago and 74% from the last quarter's 150,000. Cost per account was $139 as compared with $69 a year ago and $161 in the last quarter. - Customer assets topped $150 billion, up 57% versus last year and 24% from the last quarter. - Average trades per day were 190,000, up 94% versus last year, and 84% from last quarter; 72% of all trades were transacted online versus 58% a year ago and 68% in the last quarter. - Estimated global market share of online trades increased to 13.3% in the fourth calendar quarter, according to a recent U.S. Bancorp Piper Jaffrey Online Brokerage Survey. NEW YORK, Feb. 16 /CNW/ -- TD Waterhouse Group, Inc. (NYSE: TWE; Toronto) today announced record earnings for the first quarter of 2000 with earnings soaring 184% from the first quarter of 1999. "We believe our four growth strategies are delivering exceptional results in all key metrics," said Stephen D. McDonald, Chief Executive Officer. "In each strategic area we have experienced major successes, be it extending our global reach, expanding core and new growth segments, optimizing customer relationships or leveraging technology." Active accounts increased 37% with customer assets growing 57%, to top $150 billion. Average trades per day rose to 190,000 compared to 98,000 a year ago and 103,500 in the last quarter of 1999. Online trades continue to grow to 72% of total trades versus 58% a year ago and 68% in the last quarter. "Our business model of 'clicks and bricks' combined with leading edge technology and a wide array of products and services at an attractive price is playing a critical role in building shareholder value. And, all are important building blocks in helping us to realize our vision of becoming the global online financial services powerhouse," he continued. newswire.ca