E*TRADE Financial (ETFC) November DARTs Up 40%

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Go back to E*TRADE Financial (ETFC) November DARTs Up 40%

E*TRADE Financial Corporation Reports Monthly Activity for November 2016

December 14, 2016 8:05 AM EST

NEW YORK--(BUSINESS WIRE)-- E*TRADE Financial Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for November 2016.

Daily Average Revenue Trades ("DARTs") for November were 208,420, a 24 percent increase from October and a 40 percent increase from the year-ago period. Derivatives represented 28 percent of DARTs during the month. The Company added 38,140 gross new brokerage accounts in November and ended the month with approximately 3.5 million brokerage accountsan increase of 19,138 from October.

Net new brokerage assets were $1.6 billion in the month. During the month, customer security holdings increased by $4.4 billion, and brokerage-related cash increased by $2.2... More