E*TRADE reported third quarter earnings that rose to 33 cents per share excluding one-time charges. With the charges, E*TRADE reported a loss of 53 cents per share. The one-time charges were related to the termination of its wholesale funding obligations. In the same period last year, E*TRADE reported profits of 29 cents per share. Analysts had actually projected E*TRADE would report 29 cents per share again this year, but they beat the consensus estimate by 4 cents per share. Revenues came in at $443 million vs. expectations of $446 million. In the same period a year ago, revenue was $440 million.

Daily Average Revenue Trades (DARTs) were 196,000 in the third quarter. That is a two percent increase from a year ago and a four percent increase from last quarter. E*TRADE’s retail customer base did log a record 394,000 trades in a day in August when global growth fears were spooking the market. Net new accounts in the quarter totaled 19,000. That compares to 24,000 net new accounts in the same quarter a year ago. Brokerage account attrition came in at 9.3 percent in the┬ámost recent quarter. Commissions, fees, service charges, and other revenue was $170 million in the quarter, as the average commission per trade was $10.87.

E*TRADE also announced that President Navtej S. Nandra will depart at the end of the year. The company doesn’t intend to replace the position.

E*TRADE ended the third quarter with $277 billion in total customer assets compared to $282 billion a year ago. Shares of ETFC rose 4.58% on Friday following this earnings release.

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