E*TRADE (ETFC) Reports May Activity
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E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) released its Monthly Activity Report for May. The Company’s total retail customer assets increased 3.9% sequentially to $180.9 billion. Total Daily Average Revenue Trades increased 4.1% month over month. Net new retail accounts grew by more than 21,000.
“The growth in customer accounts, assets and activity in May further supports the restored confidence of our retail customer base,” said Donald H. Layton, Chairman and Chief Executive Officer, E*TRADE FINANCIAL Corporation. “Additionally, the quality of the underlying accounts has continued to improve with May marking the third consecutive month of growth in our highest value customer segments.”
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