E*TRADE Financial (ETFC) Reports Increase in February Activity
Tweet
Share
E-mailGet Alerts ETFC Hot Sheet
Join SI Premium – FREE
E*TRADE Financial Corporation (NASDAQ: ETFC) released its Monthly Activity Report for February 2011.
Daily Average Revenue Trades (“DARTs”) for February were 185,717, a 3% increase from January and a 34 percent increase from the year-ago period. The company ended the month with approximately 2.7 million brokerage accounts – including gross new brokerage accounts of 37,109 and net new brokerage accounts of 18,343 during the month. Total accounts ended the month at approximately 4.3 million.
Net new brokerage assets were positive $1.4 billion in the month, the highest level since October 2008. During the month, customer security holdings increased by four percent, or $5.4 billion, and brokerage-related cash increased by $0.7 billion to $25.9 billion, while customers were net buyers of approximately $0.8 billion in securities in February. Bank-related cash and deposits increased by $0.1 billion, ending the month at $8.9 billion.
Daily Average Revenue Trades (“DARTs”) for February were 185,717, a 3% increase from January and a 34 percent increase from the year-ago period. The company ended the month with approximately 2.7 million brokerage accounts – including gross new brokerage accounts of 37,109 and net new brokerage accounts of 18,343 during the month. Total accounts ended the month at approximately 4.3 million.
Net new brokerage assets were positive $1.4 billion in the month, the highest level since October 2008. During the month, customer security holdings increased by four percent, or $5.4 billion, and brokerage-related cash increased by $0.7 billion to $25.9 billion, while customers were net buyers of approximately $0.8 billion in securities in February. Bank-related cash and deposits increased by $0.1 billion, ending the month at $8.9 billion.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- L.B. Foster names new rail chief as longtime executive retires
- DXC Technology names Paul Taylor president, reshapes leadership
- Phunware names sales VP, adds advisors after HITEC conference
Create E-mail Alert Related Categories
Corporate News, Retail SalesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
