E*TRADE November Daily Trades up 9%

E*TRADE Financial Corporation ETFC today released its Monthly Activity Report for November 2010. Daily Average Revenue Trades for November were 158,770, a nine percent increase from October and a four percent increase from the year-ago period. The Company ended the month with approximately 2.7 million brokerage accounts – including gross new brokerage accounts of 30,355 and net new brokerage accounts of 5,182 during the month. Total accounts ended the month at approximately 4.2 million. Net new brokerage assets were positive $0.8 billion in the month, totaling $7.4 billion year to date. During the month, customer security holdings increased by one percent, or $0.8 billion, and brokerage-related cash increased by $0.3 billion to $23.8 billion, with customers as net buyers of approximately $0.8 billion in securities in November. Bank-related cash and deposits declined by $0.1 billion, ending the month at $9.0 billion.