E-Trade Reports Massive Growth In Trading Volumes And Interest Earning Assets In November

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ETFC: E*TRADE Financial logo
ETFC
E*TRADE Financial

Brokerage firm E*Trade Financial Corporation (NASDAQ:ETFC) saw impressive growth across all the key metrics in November. Concurrently, the stock price for the company experienced a 24% surge in the same month. The company has benefited from an increase in market activity that has occurred with both the recently concluded U.S. presidential elections and the improvement in the U.S. economy.  There has been a significant rise in trading volumes, both from the previous month and year over year. Additionally, the acquisition of OptionsHouse in July has contributed to a significant increase in the brokerage accounts and trading volumes. With the investors assessing the impact of Donald Trump’s election on the U.S. industries and taking positions accordingly, the markets are likely to remain volatile and propel additional growth in the company’s trading commissions.

Interest earning assets have continued to grow for over a year now. The expectation of another rate hike in the near term had boosted the asset growth in November. With the recent hike and likelihood of a series of hikes in 2017, we expect the growth in assets to continue promoting the revenue growth for the company.

The company’s focus on increasing its customer base, mainly by extensive marketing of its products and services, is likely to enhance the growth of both customer accounts and assets. With the recent entry into digital advisory services, E-Trade’s Adaptive Portfolio is likely to boost the company’s assets under management in the future.

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See Our Complete Analysis For E-Trade Here

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