Replies to post #4270 on E TRADE Financial Corp (ETFC)

[eastunder]

E-Trade sees 17 pct increase in trades for April
E-Trade posts 17-percent gain in average US trades for April, down 14 percent year-over-year

http://finance.yahoo.com/news/ETrade-sees-17-pct-increase-apf-1461414682.html?x=0&.v=1


On Wednesday May 19, 2010, 11:14 am EDT
NEW YORK (AP) -- Online broker E-Trade Financial Corp. on Wednesday posted a 17 percent gain in average U.S. trades for April from the prior month.

The company said its daily average revenue trades, or DARTS, rose to 181,556 in April from March. Compared to the same month in 2009, the number of trades fell by 14 percent. DARTs represents the number of trades from which brokers can expect commissions or fees. It is a key metric of broker performance.

E-Trade also said it added 17,627 net brokerage accounts to end April with 2.6 million. That reverses a 3,471 decline in accounts in March, but far lower than the 31,524 net new accounts E-Trade added in April 2009.

Net new brokerage assets fell by about $300 million in April from the month before. E-Trade said clients bought net new securities worth about $1.3 billion during the month. However, bank cash and deposits fell by $400 million.

Shares of E-Trade rose a penny to $1.50 in morning trading.