E*Trade Reports Trade Volume Increase

FOXBusiness

E*Trade Financial (NASDAQ:ETFC) reported average trading volume increased 22% during January, while volume was up 4.9% from the year-earlier period.

In a press release, the electronic broker reported adding 12,504 U.S. brokerage accounts last month, compared with 2,392 lost accounts in the previous year. E*Trade’s customer base is now 2.7 million. Total customer assets are up 25% from 2010 and rose 2.9% since January.

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E*Trade revealed last month that its fourth-quarter loss narrowed as the company reported decreasing delinquencies across its bank’s loan portfolio. Despite this, loan-loss provisions climbed from the prior quarter.E*Trade’s stock has increased about 18% in the past year, and is up slightly Wednesday.