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E*TRADE’s January Daily Average Revenue Trades Jump 57% Year Over Year

“E*TRADE saw a double-digit increase in daily average revenue trades in January as the stock market hit record highs” writes Donna Fuscaldo for investopedia.com. In a press release, the New York-based online brokerage reported that daily average revenue trades, or DARTs, were 315,572 in January, up 29% from December and up 57% year over year.According to E*TRADE, which is paying $170 million for the portfolio of brokerage accounts, the accounts have $18 billion in assets.E*TRADE Financial Corporation (ETFC) was also able to add 64,581 gross new brokerage accounts during January and ended the month with 3.7 million brokerage accounts, an increase of 25,529 from December alone.
 
Source: investopedia.com



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