E*Trade April Daily Average Revenue Trade Rises 1%

Loading...
Loading...

E*TRADE Financial Corporation ETFC revealed its monthly activity report for April 2016. Accordingly, its Daily Average Revenue Trades ("DARTs") 159,215, which represented 1 percent increase from March, as well as from the year-ago period.

The Company stated it added 34,724 gross new brokerage accounts in April and closed the month with about 3.3 million brokerage accounts, which indicatedan increase of 10,866 from March.

E*Trade said net new brokerage assets were negative $0.4 billion in the month. The company said its customer security holdings were unchanged in April, while brokerage-related cash remained flat, closing at $42.6 billion in April. Bank-related cash and deposits fell $0.1 billion to close the month at $5.3 billion. The trading firm said customers were net sellers of about $0.2 billion in securities in April.

Posted In: News
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...