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February 19, 2014
08:13 EDTETFCE-Trade reports January DARTs up 26% from December
Daily Average Revenue Trades for January were 195,652, a 26% increase from December and a 27% increase from the year-ago period. The company added 41,367 gross new brokerage accounts in January, ending the month with approximately 3.0 million brokerage accounts an increase of 18,858 from December. Net new brokerage assets were $1B in the month. During the month, customer security holdings decreased by one percent, or $1.8B, and brokerage-related cash decreased by $0.8B to $38.9B. Bank-related cash and deposits decreased by $0.1B, ending the month at $6.3B. Customers were net buyers of approximately $2.3B in securities during the month.
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October 2, 2015
13:26 EDTETFCBanks, brokers slide as weak jobs report pushes out rate hike
Shares of banks and brokers are sliding after a weak jobs report pushed out the probability of near-term rate hike. WHAT'S NEW: Friday morning, the Labor Department reported that the U.S. economy added only 142,000 jobs in September compared to economists expectations of 203,000. The Labor Department's September jobs report strengthened the argument that the Fed will not raise rates in October, and even lessened the probability of a December rate hike. An increase in interest rates would let banks and brokers benefit from higher spreads on deposits. PRICE ACTION: Shares of Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB), and Wells Fargo (WFC) are all declining despite a rebound in the broad market. OTHERS TO WATCH: Shares of online brokers, including TD Ameritrade (AMTD), Charles Schwab (SCHW), E*TRADE (ETFC), and Interactive Brokers (IBKR) are also lower in afternoon trading.

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