What Led E*TRADE’s Fees and Service Revenues to Rise in 2Q17?
Year-over-year and sequential increases
E*TRADE’s (ETFC) fees and service-related revenues increased 58% in 2Q17 compared to 2Q16. Its total fees and service-related revenues in 2Q17 stood at $98 million.
In 2Q16, the company generated total fees and service-related revenues of $62 million. This substantial increase was mostly due to order flow revenues.
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In 2Q17, E*TRADE generated order flow revenues of $34.0 million compared to $22.0 million in 2Q16, reflecting a 55% increase. However, advisory management fee-related revenues rose 50% in 2Q17 compared to 2Q16. In 2Q17, these revenues stood at $9.0 million compared to $6.0 million in 2Q16.
From January 2016 to June 2016, E*TRADE posted total fees and service-related revenues of $120.0 million. From January 2017 to June 2017, the company posted total fees and service-related revenues of $184.0 million, reflecting a 53% increase.