E*TRADE (ETFC) Reports Monthly Activity for February 2007
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E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) released its Monthly Activity Report for February. The Company's total retail client assets decreased 0.3% sequentially, totaling $197.7 billion. End of period margin debt balances increased 0.2% sequentially to $6.9 billion, with average margin debt balances decreasing 0.1% to just over $6.8 billion.
Total Daily Average Revenue Trades ("DARTs") increased 3.2% sequentially to 180,038. Gross new retail accounts for the month totaled 112,901, with an increase in net new accounts of 47,054 - the highest level of organic growth in at least four years.
Total Daily Average Revenue Trades ("DARTs") increased 3.2% sequentially to 180,038. Gross new retail accounts for the month totaled 112,901, with an increase in net new accounts of 47,054 - the highest level of organic growth in at least four years.
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