E*TRADE’s DARTs Climb Higher MoM in April Despite Lagging Behind 2015

E*TRADE saw an increase in its DARTs during April, which was offset by less brokerage accounts added during the month.

E*TRADE Financial Corporation (NASDAQ: ETFC) has reported its latest tranche of monthly metrics, which in the month of April 2016 managed to secure a steady rise in DARTs, according to a recent E*TRADE Financial statement.

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Per the latest volumes in April 2016, E*TRADE’s Daily Average Revenue Trades (DARTs) came in at 159,215, rising by a margin of 1.1% MoM from 157,242 in March 2016. By extension, over a yearly interval, E*TRADE’s April 2016 performance was also higher, albeit by the same factor of 1.1% YoY, given a DARTs figure of 157,442 set back in April 2015.

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In terms of E*TRADE’s brokerage accounts, the group secured an increase of 10,866 gross new accounts in April 2016 – this represented a rather large decline, especially when measured against the prior month. March 2016 had added 17,769 new accounts, which compared to April 2016 was indicative of fall -38.8% MoM – in total, this brings the company’s overall accounts to approximately 3.26 million.

Furthermore, E*TRADE also saw its customer security holdings yield a figure of $205.6 million during April 2016, unchanged MoM to the $205.6 million set in March 2016, though -5.2% lower YoY from $216.9 million in April 2015.

Last month, E*TRADE also released its Q1 2016 earnings, which echoed a largely positive tune across its business over the past three months. Revenues and earnings per share (EPS) were all pointed higher, rounding out what was a positive quarter for the venue.

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