BTC iShares U.S. Broker-Dealers ETF
Latest BTC iShares U.S. Broker-Dealers ETF News and Updates
E*TRADE Bank Saw Continued Expansion, Supported Broking
E*TRADE’s bank offers its clients FDIC insurance on a certain amount of deposits. It deploys funds primarily in low-risk securities.
E*TRADE Saw Subdued DARTs amid Mixed Volatility in 3Q16
E*TRADE Financial reported DARTs (daily average revenue trades) of ~151,905 during 3Q16. It included 6,500 DARTs from the OptionsHouse acquisition.
Assets, Rates to Have Pushed E*TRADE’s Bank Revenues Higher in 3Q16
E*TRADE Financial (ETFC) operates the federally chartered savings bank E*TRADE Bank. This structure has been deployed by many major brokers in the US.
How Volatility Affects E*TRADE’s DARTs
E*TRADE Financial reported DARTs (daily average revenue trades) of ~153,000 in 2Q16. The company’s DARTs fell 8% from the previous quarter and rose 2% YoY.
Charles Schwab Trading at Multiyear Low Valuations
Charles Schwab’s valuations declined significantly over the past month mainly due to macro factors such as China’s slowing economy and a weaker domestic economy.