E*TRADE Reveals Positive Metrics for October 2017, DARTs Pointed Higher

The group added 60,918 gross new brokerage accounts in October 2017.

E*TRADE Financial Corporation (NASDAQ: ETFC) has just released its latest tranche of monthly metrics. October 2017 featured positive metrics that collectively managed to secure a steady rise over yearly and monthly intervals.

In October 2017, E*TRADE revealed that Daily Average Revenue Trades (DARTs) pointed higher, coming in at 215,689 a day, an increase by a factor of 7 percent month-over-month from 202,499 in September 2017. Over a yearly timetable, E*TRADE’s October 2017 DARTs were also higher by 28 percent year-over-year, compared to 168,739 in October 2016.

In terms of E*TRADE’s net new accounts growth, the group added 60,918 gross new brokerage accounts in October 2017, compared to 55,181 set back in September 2017, which reflects a positive advance of more than 10 percent. ‎In addition, this figure is also better when weighed against last year, as new brokerage accounts rose 5.0 percent from 58,134 in October 2016.

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In total, this brings the company’s overall accounts to approximately 5.37 million in October 2017, which reflected a marginal increase of 3 percent compared to 5.22 million in October 2016, but almost a flat change month-over-month.

Another area of strength for the month was E*TRADE’s brokerage customer assets which rose to $373.3 million last month, up 24 percent year-over-year from $300.4 million in 2016. Meanwhile, the month on month comparison also shows an increase of 2 percent from $365.3 million in September.

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