E*TRADE Financial Corporation Reports Monthly Activity for April 2015
E*TRADE Financial Corporation (NASDAQ:ETFC) released its Monthly Activity Report for April 2015.
Daily Average Revenue Trades (“DARTs”) for April were 157,442, a one percent decrease from March and an eight percent decrease from the year-ago period. The Company added 37,077 gross new brokerage accounts in April, ending the month with approximately 3.2 million brokerage accounts — an increase of 8,315 from March.
Net new brokerage assets were negative $0.4 billion in the month. During the month, customer security holdings increased by one percent, or $3.1 billion, and brokerage-related cash decreased by $0.3 billion to $41.3 billion. Bank-related cash and deposits decreased by $0.3 billion, ending the month at $5.5 billion. Customers were net sellers of approximately $0.5 billion in securities during the month.