E*TRADE Financial (ETFC) DARTs Up 27% in January

February 19, 2014 8:07 AM EST
E*TRADE Financial Corporation (Nasdaq: ETFC) released its Monthly Activity Report for January 2014.

Daily Average Revenue Trades (“DARTs”) for January were 195,652, a 26 percent increase from December and a 27 percent increase from the year-ago period. The Company added 41,367 gross new brokerage accounts in January, ending the month with approximately 3.0 million brokerage accounts – an increase of 18,858 from December.

Net new brokerage assets were $1.0 billion in the month. During the month, customer security holdings decreased by one percent, or $1.8 billion, and brokerage-related cash decreased by $0.8 billion to $38.9 billion. Bank-related cash and deposits decreased by $0.1 billion, ending the month at $6.3 billion. Customers were net buyers of approximately $2.3 billion in securities during the month.

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