E*TRADE Financial Corporation Reports May Daily Average Trades Down 22% YoY

E*TRADE Financial Corporation ETFC today released its Monthly Activity Report for May 2011. Daily Average Revenue Trades for May were 153,943, a four percent decrease from April and a 22 percent decrease from the year-ago period. The company ended the month with approximately 2.8 million brokerage accounts – including gross new brokerage accounts of 28,895 and net new brokerage accounts of 4,520 during the month. Total accounts ended the month at approximately 4.3 million. Net new brokerage assets were positive $0.6 billion in the month. During the month, customer security holdings declined by two percent, and brokerage-related cash increased by $0.1 billion to $26.5 billion, while customers were net purchasers of approximately $0.4 billion in securities. Bank-related cash and deposits decreased by $0.1 billion, ending the month at $8.5 billion.