Pending finalization of financial results, TD Waterhouse Group, Inc. announced today that it expects to earn between US$0.00 to US$0.01 per share (excluding the impact of goodwill amortization) for the quarter ended October 31.

The discount brokerage reports that Total customer assets were $125 billion as of October 31, up 4% from September 2001, and 21% lower than October 2000.

Total trades per day averaged 92,200 for the month of October. This a 13% decrease from September 2001 and is 43% lower than October 2000.

For the quarter ended October 31, trades per day averaged 90,400, down 11% from third quarter 2001, and down 40% from fourth quarter 2000.

New accounts totalled 36,100, up 19% from September, but 36% lower than October 2000.

In the first few days of November, average trades per day were about 85,000.