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E*TRADE’s February Numbers: Daily Average Revenue Trades

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February 2018 numbers

On March 14, 2018, E*TRADE Financial Corporation (ETFC) reported its metrics for February 2018. The company witnessed daily average revenue trades or DARTs of 330,121 in February 2018, which reflects a rise of 5% sequentially and 51% YoY (year-over-year). In comparison, other brokerage giants (XLF) Interactive Brokers Group (IBKR) and TD Ameritrade Holding Corporation (AMTD) reported DARTs of 102,0000 and 101,1000, respectively.

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In February 2018, E*TRADE witnessed derivative DARTs of 102,304, which represents a 7% rise on a sequential basis and a 65% increase on a YoY basis. During the same month, ETFC saw 51,988 gross new brokerage accounts, which reflects a decline of 19% sequentially. However, on a YoY basis, it reflected a 14% increase. As of February 2018, the company recorded brokerage accounts totaling around 3.7 million.

Brokerage-related cash

Compared to January 2018, E*TRADE saw a rise in brokerage-related cash of $0.1 billion to $53.1 billion in February 2018. Sequentially, there was no change in customer margin balances, which in February 2018 stood at $9.4 billion. However, on a YoY basis, it reflected an increase of 32%.

Recently, The Charles Schwab Corporation (SCHW) reported its February 2018 numbers. It ended the month with 10.9 million active brokerage accounts.

Next in this series, we’ll look at E*TRADE’s views on the Fed meeting, trade wars, and expectations. We’ll also look into E*TRADE’s recommendations to market participants, past performance, valuations, February numbers, and analyst ratings.

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