E*TRADE has seen its equities business rise lately, which continued into the New Year and January. During January 2015, Daily Average Revenue Trades (DARTs) came in at 172,944, up 5% MoM from December 2014. However, over a yearly timeframe, the figure dropped -12% YoY from January 2014.
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In addition, E*TRADE added a total of 30,990 gross new brokerage accounts during the month of January, with a total of 3.2 million accounts (up 7,304 accounts MoM since December 2014).
Across the group’s net new brokerage assets, January 2015 saw $0.6 billion in profits, which was a staunch decrease from $1.7 billion in December 2014 or -65.4% MoM. Finally, bank-related cash and deposits decreased by a figure of $0.1 billion, ending the month of January at $5.7 billion.