E*Trade Sees November 2015 DARTS Climb Steadily MoM

E*TRADE Financial Corporation (NASDAQ: ETFC) has reported its monthly metrics for November 2015, which were capped off by a steady MoM growth across its trading, according to a recent E*TRADE Financial statement.

As per the latest metrics release in November, E*TRADE’s Daily Average Revenue Trades (DARTs) came in at 148,777, climbing 2.9% MoM from 144,607 in October 2015. However, over a yearly interval, E*TRADE’s performance was much lower, as it saw its DARTs plunge by -8.8% YoY from 163,045 in November 2014.

In terms of brokerage accounts, E*TRADE secured an increase of 27,698 gross new accounts in November 2015 – this corresponds to a strong uptick of 14.3% MoM from 24,227 newly added brokerage accounts in October 2015 – in total, this brings the company’s overall accounts to approximately 3.2 million.

Furthermore, E*TRADE also saw its customer security holdings come in at $211.2 million during November 2015, virtually unchanged MoM from $211.1 million in October 2015.

Hanging over investors is E*TRADE’s recent Q3 earnings report last month, which showed the group’s net income plunge to -$153 million, or $0.53 per diluted share down from $292 million in Q2 2015. The earnings were substantially weighted down by the group’s intentions to eliminate $4.4 billion of wholesale funding Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term from its bank balance sheet by the end of Q3 2015. Investors will be eying the group’s Q4 release carefully.

E*TRADE’s share prices (NASDAQ: ETFC) have been stuck in a generally negative consolidation since the beginning of December. After trading just south of the $31.00 handle at the beginning of the month, shares have waned all the way below the $29.00 level as of Friday, currently settling at $28.87 at the time of writing, ahead of the US open Monday.