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E*TRADE Reports Record DARTs For Q1 but Sees Moderation in April

Donna Fuscaldo

E*TRADE's stock was inching higher in trading Friday after the company reported first quarter results that beat Wall Street views and posted record daily average revenue trades (DARTs) as volatility in the stock market drew out more active traders. Wall Street, according to Zacks Investment Research, had expected the brokerage to weigh in with EPS of $0.79 and revenue of $690 million. During the quarter, E*TRADE Financial Corporation ( ETFC) saw a 3% increase in net new brokerage accounts, adding 59,685, and net new brokerage assets of $5.3 billion.