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Article: E*TRADE FINANCIAL Corporation Reports Monthly Activity for April 2008.
- Article from:
- Business Wire
- Article date:
- May 14, 2008
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NEW YORK -- E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for April. The Company's total retail customer assets increased 3.4 percent sequentially to $174.1 billion, despite a $399 million decline in customer cash and deposits predominately related to seasonal weakness in April. Total Daily Average Revenue Trades decreased 1.6 percent month over month.
Two noteworthy events impacted the Company's metrics in April, eliminating approximately $2.3 billion in customer assets and nearly 24,000 accounts. The Company successfully completed the sale of Retirement Advisors of America (RAA), a wholly-owned subsidiary, on April ...