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.

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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.

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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