Home / Markets / Industries / Finance
Wednesday, November 18, 2009
E-Trade October Volume Drops 22%
FOXBusiness
E-Trade Financial (ETFC) Wednesday announced that daily trading volume dropped 22% in October compared with last year’s results.
Overall volume at the online brokerage is down 5% since September.
Average revenue trades fell to 194,662, compared with 248,817 in October 2008 and 205,526 in September of this year. However, customer assets rose 20% to $142.9 billion last month compared with the same month a year prior.
At the end of October, brokerage accounts were up 6% from the year prior, and flat when compared with September. Total accounts, including banking, brokerage and stock plan, totaled 4.5 million at the end of October, a rise of 2.2% from the year prior.
E-Trade shares were up 9% at $1.68.
Fox Business Video
-
-
Lou Dobbs on Immigration
-
Feb 10, 2010
Lou Dobbs: Need rational, humane immigration policy
-
-
-
Walt Disney Beats Estimates
-
Feb 10, 2010
Disney’s good results from cable tv, not parks
-
-
-
Gov. Paterson on the Push for ...
-
Feb 10, 2010
Gov. Paterson on his success as governor
-
-
-
Gov. Paterson Denies 'Salaciou...
-
Feb 10, 2010
Gov. Paterson on rumors of his cheating
-
-
-
Gov. Paterson: We Need to Focu...
-
Feb 10, 2010
Gov. Paterson on New York’s financial crisis
-
Last 5 Stocks
- Ticker
- Company
- Price
- Change