E*TRADE Financial Corporation (NASDAQ: ETFC) has unveiled its monthly metrics for the month ending July 2015, according to a recent E*TRADE Financial statement.
In particular, E*TRADE’s Daily Average Revenue Trades (DARTs) came in at 149,283 in July 2015, growing 6.6% MoM from 140,003 in June 2015. However, over a yearly timetable, E*TRADE saw its DARTs wither by -2.9% YoY from 153,671 in July 2014.
Despite the uneven performance of DARTs this past month, E*TRADE did secure a healthy growth in its brokerage accounts, yielding an increase of 29,623 gross new accounts in July 2015 – this corresponds to a marginal decline of less than -1% MoM from 29,774 newly added brokerage accounts in June 2015. Overall however, this brings the company’s total accounts to 3.2 million.
FBS Receives Best Forex Broker Europe 2019 Award by The European MagazineGo to article >>
Furthermore, E*TRADE also saw its customer security holdings by $500 million during July 2015, or 0.2% MoM from June 2015, with its brokerage-related cash incurring a loss of $800 million, to $41.2 billion in July 2015.
Last month, E*TRADE made waves after releasing its Q2 financial metrics, having reported a net income of $292 million, or $0.99 per diluted share. The latest figures represented a substantial jump from $40 million, or $0.14 per diluted share in Q1 2015 and $69 million, or $0.24 per diluted share in Q2 2014.