E*Trade Sees November 2015 DARTS Climb Steadily MoM

E*TRADE’s Daily Average Revenue Trades (DARTs) came in at 148,777 during November, climbing 2.9% MoM from 144,607 in October 2015.

E*TRADE Financial Corporation (NASDAQ: ETFC) has reported its monthly metrics for November 2015, which were capped off by a steady MoM growth across its trading, according to a recent E*TRADE Financial statement.

As per the latest metrics release in November, E*TRADE’s Daily Average Revenue Trades (DARTs) came in at 148,777, climbing 2.9% MoM from 144,607 in October 2015. However, over a yearly interval, E*TRADE’s performance was much lower, as it saw its DARTs plunge by -8.8% YoY from 163,045 in November 2014.

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In terms of brokerage accounts, E*TRADE secured an increase of 27,698 gross new accounts in November 2015 – this corresponds to a strong uptick of 14.3% MoM from 24,227 newly added brokerage accounts in October 2015 – in total, this brings the company’s overall accounts to approximately 3.2 million.

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Furthermore, E*TRADE also saw its customer security holdings come in at $211.2 million during November 2015, virtually unchanged MoM from $211.1 million in October 2015.

Hanging over investors is E*TRADE’s recent Q3 earnings report last month, which showed the group’s net income plunge to -$153 million, or $0.53 per diluted share down from $292 million in Q2 2015. The earnings were substantially weighted down by the group’s intentions to eliminate $4.4 billion of wholesale funding obligations from its bank balance sheet by the end of Q3 2015. Investors will be eying the group’s Q4 release carefully.

E*TRADE’s share prices (NASDAQ: ETFC) have been stuck in a generally negative consolidation since the beginning of December. After trading just south of the $31.00 handle at the beginning of the month, shares have waned all the way below the $29.00 level as of Friday, currently settling at $28.87 at the time of writing, ahead of the US open Monday.

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