E*TRADE Financial Corporation (the “Company”) is presenting at the Sandler O’Neill Global Exchange and Brokerage Conference today. During the presentation, the Company will discuss its Daily Average Revenue Trades (DARTs) for the month of May. For May 2017, the Company reports DARTs of 211,500, an eight percent increase from April. Derivatives represented 32 percent of total DARTs in May, up from 31 percent in the prior month. The Company intends to issue its standard monthly activity report for May on or about June 14, 2017.
The information appearing in this Item 7.01 is being “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.
About E*TRADE Financial Corporation (NASDAQ:ETFC) E*Trade Financial Corporation is a financial services company. The Company provides brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors. The Company operates in two segments: trading and investing, and balance sheet management. Its trading and investing segment offers a suite of financial products and services to individual retail investors. Its balance sheet management segment focuses on asset allocation and managing credit, liquidity and interest rate risks. Its hybrid service delivery model is delivered through various digital platforms: E*TRADE.com, E*TRADE Mobile and E*TRADE Pro. E*TRADE.com is its site that provides customers with tools, guidance, actionable ideas, research and education to take control of their finances. E*TRADE Mobile offers trading applications for various smartphones and tablets.