E*TRADE’s DARTS Edge Higher By Double Digits In January

E*TRADE Financial Corporation (NASDAQ: ETFC) has released its metrics for the month ending January 2016, which was highlighted by an good performance in its volumes MoM, according to a recent E*TRADE Financial statement.

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As per its latest metrics release, E*TRADE’s Daily Average Revenue Trades (DARTs) came in at 175,346 in January 2016, growing 18.7% MoM from 147,668 in December 2015. However, over a yearly timetable, E*TRADE’s performance was virtually congruent, as it saw its DARTs plunge rise marginally by a factor of 1.4% YoY from 172,944 in January 2015.

In terms of brokerage accounts, E*TRADE notched an increase of 29,666 gross new accounts in January 2016 – this corresponds to a healthy uptick of 8.0% MoM from 27,472 newly added brokerage accounts in December 2015 – overall, this brings the company’s total accounts to roughly 3.2 million.

Moreover, E*TRADE also saw its customer security holdings come in at $190.4 million during January 2016, or -6.6% MoM from $203.8 million in December 2015.

Last month, E*TRADE also released its much anticipated Q3 earnings report, 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 weighed 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.

Last month, E*TRADE’s customers received a new feature to help them with their stock analysis after the broker announced the integration of an analysts rating tool, TipRanks. TipRanks is a service that rates recommendations from stock analysts, aggregating information from thousands of individuals including professional analysts and advisors on financial trading sites.