("E*Trade Trading Volume Rose In July," published at 8:50 a.m. ET, gave the incorrect number of total brokerage accounts in the third paragraph. The correct version follows.) DOW JONES NEWSWIRES E*Trade Financial Corp. (ETFC) reported an 12% year-to-year increase in average trading volume for July--up 11% from the previous month--amid recent market volatility stemming from concerns about Europe's debt crisis. The online brokerage has been under pressure from its largest shareholder Citadel LLC to find a buyer as well as other steps to improve shareholder value. Daily average revenue trades for the month was 144,023. E*Trade added 24,110 brokerage accounts in July, bringing its total number of brokerage accounts to about 2.8 million. A year earlier, the company added 24,034 new brokerage accounts. Total customer assets were up 20% from a year ago at $182.7 billion. Assets fell 1.6% from June. E*Trade last month reported that its second-quarter profit climbed 34% from a year earlier as the company again set aside less money to cover losses from bad loans. However, trading volumes declined as clients recoiled from volatile markets. Shares closed Tuesday at $11.70 and were inactive premarket. The stock is down 27% this year. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com
