Do not invest more money than you can afford to lose.
Multi-asset brokerage E-Trade Financial Corp., operating under the E-Trade brand, reported it saw daily average revenue trades (DARTs) of 201,464 in January 2017, which represents an increase of 8% from the preceding month when DARTs numbered 186,196.
The broker published data for both and the last month of 2016 and the first one in 2017 at once. Both months it posted a double-digit annual growth both in January and December of 15% and 26.1%, respectively. In December, however, E-Trade’s DARTs went down by 10.7% month-on-month.
In January E-Trade handled some 5.3 million accounts in total, of which nearly 3.5 million were brokerage ones. During the month it added 14,628 net new accounts, of which 10,239 were brokerage accounts, or more than twice as much as in the preceding month or in the year-ago period.
E-Trade’s client assets stood at $320.1 billion at the end of January, which is an increase both on a monthly and annual basis of 3% and 20%, respectively. Brokerage account assets stood at $283.2 billion, or 88.5% of the total, which includes net new brokerage assets of $0.8 billion.
Meanwhile, client deposits and cash totaled $57 billion, of which brokerage-related cash was $51.8 billion. Following is more information about E-Trade’s latest monthly metrics:
New York-based E-Trade Financial Corp., offers various financial services, online brokerage and banking services. It works primarily with retail clients through its 30 offices across the US. The holding company has three subsidiaries – E-Trade Securities for securities products and services, including stocks, bonds mutual funds, options, and ETFs; E-Trade Capital Management for managed account solutions; and E-Trade Bank for bank products and services.