E*TRADE Sees August 2015 DARTs Surge Higher MoM

E*TRADE’s Daily Average Revenue Trades (DARTs) came in at 179,908 in August 2015, growing 20.5% MoM from 149,283 in July

E*TRADE Financial Corporation (NASDAQ: ETFC) has reported its metrics for the month ending August 2015, according to a recent E*TRADE Financial statement.

As per its latest metrics release, E*TRADE’s Daily Average Revenue Trades (DARTs) came in at 179,908 in August 2015, growing 20.5% MoM from 149,283 in July 2015. However, over a yearly timetable, E*TRADE saw its DARTs storm higher by 23.1% YoY from 146,165 in August 2014.

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August 2015’s strong performance builds off an equally impressive outing last month, in which E*TRADE saw its DARTs swell by 6.6% MoM from 140,003 in June 2015. In terms of brokerage accounts, E*TRADE notched an increase of 37,750 gross new accounts in August 2015 – this corresponds to a strong uptick of 27.4% MoM from 29,623 newly added brokerage accounts in July 2015 – overall, this brings the company’s total accounts to approximately 3.2 million.

In addition, E*TRADE also saw its customer security holdings come in at $203.8 million during August 2015, or -5.5% MoM from $215.7 million in July 2015.

Earlier this month, E*TRADE made headlines after revealing its intention to eliminate $4.4 billion of wholesale funding obligations from its bank balance sheet by the end of Q3 2015. At the time of writing, E*TRADE’s (NASDAQ: ETFC) stock is trading at $27.03 during US trading, up 1.16% at the time of writing (Tuesday).

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