TD Ameritrade (AMTD) reported third quarter earnings earlier this week. The online broker reported a profit of 39 cents per share in the quarter, which was 39 percent higher than the same quarter a year ago. Analysts were expecting 35 cents per share on the bottom line. Revenue rose almost 10 percent to $709 million, but that fell short of analysts estimates of $718 million.

The all-important Daily Average Revenue Trades number was 382,000 in the quarter. That is up 16 percent year over year. Even more encouraging on the trade activity front is the 419,000 trades per day that TD Ameritrade reported between October 1 and October 28. Market volatility is creeping up, and the average retail investor is slowly getting back into the market.TD Ameritrade reported total client assets worth $555.9 billion, up 18 percent from a year ago. Operating income increased by 20 percent year over year.

It wasn’t all  good news from TD Ameritrade. Net interest margin for the company was just 1.41% down 25 basis points from 1.66% in the previous quarter. In addition, investors weren’t thrilled with TD Ameritrade’s guidance for 2014. The company said it expects to earn between $1.20 and $1.40 per share in 2014. The average analyst estimate for TD Ameritrade earnings next year is currently $1.33 per share.

TD Ameritrade announced a dividend hike on the earnings call. The broker bumped its quarterly dividend up by 33 percent to 12 cents per share. It also announced a special dividend of 50 cents per share.

Shares of AMTD have edged lower in the days following this latest earnings report as investors try to digest what to make of the company’s outlook.

For more information on this earnings report click here for the full earnings presentation from TD Ameritrade.

AMTD 10-31