E*TRADE Financial Corporation (NASDAQ:ETFC) has released its activity and trading volumes for the month ending April 2015, according to an E*TRADE statement.
Last month, E*TRADE reported its Q1 2015 metrics, having notched a net income of $40.0 million, or $0.14 per share. This represented a loss of -2.4% QoQ from $41.0 million in Q4 2014 and $0.14 per share.
E*TRADE saw its Daily Average Revenue Trades (DARTs) for April 2015 come in at 157,442, a -1.0% decrease MoM from 159,053 in March 2015 and an -8.0% drop YoY from 171,271 in April 2014.
Stocks to Watch This Week – Expedia Group, IncGo to article >>
In addition, E*TRADE added 37,077 gross new brokerage accounts in April 2015, ending the month with 3.2 million brokerage accounts. This represents a drop of -6.5% MoM from 39,673 accounts in March 2015 and -7.9% YoY from 40,263 accounts in April 2014.
E*TRADE also reported net new brokerage assets of -$0.4 billion in the month of April 2015. During April, customer security holdings increased by 1.0%, or $3.1 billion, and brokerage-related cash decreased by -$0.3 billion to $41.3 billion.
Finally, bank-related cash and deposits fell by $0.3 billion, culminating in a month end figure of $5.5 billion in April 2015.