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Article: E*TRADE Financial Corporation Reports Monthly Activity for October 2007.
- Article from:
- Business Wire
- Article date:
- November 12, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for October. The Company's total retail client assets increased 4.0 percent sequentially to $226.7 billion. End of period margin debt balances increased 4.8 percent to $8.0 billion, with average margin debt balances increasing 1.0 percent to $7.8 billion. Total Daily Average Revenue Trades ("DARTs") increased 22.9 percent sequentially to 227,344. Gross new retail accounts for the month totaled 105,601 resulting in total end of period retail accounts of 4,742,304.
"We continue to see momentum with new and existing customers," said R. Jarrett Lilien, President and ...