E*TRADE Reports Mixed Metrics for October 2018, DARTs Continues Uptrend

[kreslik.news]

In October 2018, Discount brokerage giant E*Trade Financial Corporation revealed that Daily Average Revenue Trades (DARTs) pointed higher, coming in at 301,625 a day, an increase by a factor of seven percent month-over-month from 281,408 ‎in September 2018. Over a yearly timetable, E*TRADE’s October 2018 DARTs were also higher by 40 percent year-over-year, compared to 215,689 in October 2017.

In terms of E*TRADE’s net new accounts growth, the group added 75,735 gross new brokerage accounts in October 2018, compared to 115,390 in September 2018, which reflects a negative change of more than 34 percent. However, this figure is better when weighed against last ... (read more)