E*TRADE Financial May Daily Average Revenue Trades Up 3%

(RTTNews) - E*Trade Financial Corp (ETFC) said its Daily Average Revenue Trades or DARTs for May were 151,444, down 4% from April and up 3% from the year-ago period.

The company added 27,865 gross new brokerage accounts in May, ending the month with approximately 3.2 million brokerage accounts — an increase of 7,141 from April.

Net new brokerage assets were $1.0 billion in the month. During the month, customer security holdings increased by two percent, or $3.7 billion, and brokerage-related cash increased by $0.7 billion to $42.0 billion. Bank-related cash and deposits increased by $0.1 billion, ending the month at $5.6 billion. Customers were net buyers of approximately $0.2 billion in securities during the month.