E*TRADE (ETFC) DARTs Fall 20% in January
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E*TRADE Financial Corporation (Nasdaq: ETFC) today released its Monthly Activity Report for January 2012.
Daily Average Revenue Trades for January were 145,390, a 20 percent increase from December and a 20 percent decrease from the year-ago period. The company added 30,298 gross new brokerage accounts in January, ending the month with approximately 2.8 million brokerage accounts – an increase of 10,041 from December. Total accounts ended the month at approximately 4.3 million.
Net new brokerage assets were positive $0.7 billion in the month. During the month, customer security holdings increased by seven percent, or $8.4 billion, and brokerage-related cash increased by $1.3 billion to $29.0 billion, as customers were net sellers of approximately $0.9 billion in securities. Bank-related cash and deposits ended the month unchanged, at $7.8 billion.
Daily Average Revenue Trades for January were 145,390, a 20 percent increase from December and a 20 percent decrease from the year-ago period. The company added 30,298 gross new brokerage accounts in January, ending the month with approximately 2.8 million brokerage accounts – an increase of 10,041 from December. Total accounts ended the month at approximately 4.3 million.
Net new brokerage assets were positive $0.7 billion in the month. During the month, customer security holdings increased by seven percent, or $8.4 billion, and brokerage-related cash increased by $1.3 billion to $29.0 billion, as customers were net sellers of approximately $0.9 billion in securities. Bank-related cash and deposits ended the month unchanged, at $7.8 billion.
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