E*TRADE Financial Corporation (NASDAQ: ETFC) today released its monthly trading revenues data for July 2017. The report contained the good set of numbers in terms of Daily Average Revenue Trades (DARTs) which has recorded steady performance over the year. The only negative in the report was the company’s falling graph in new account acquisition over the past couple of months.
In the month of July 2107, DARTs for the company came in at 208,156, a decrease of 3 percent on a MoM basis from 215,415, in June 2017. But it has registered a healthy growth of 42 percent from 1,47,100 in July 2016 over the year. The share of derivatives in DARTs came in at 34 percent this July, which is 9 percent greater than the previous year.
Five Common Mistakes Traders MakeGo to article >>
In the new clients acquisition segment, E*Trade added 29,287 gross new brokerage accounts in July 2017, a decrease of 15 percent compared to the previous month (34,461).
The company has closed the month of July 2017 with a total of 3.6 million active brokerage accounts, a marginal decrease of 3007 accounts from June 2017 and 9 percent growth on a YoY basis. Net new brokerage assets for the month was $0.1 billion.
Brokerage customer assets posted healthy growth of 19 percent YoY at $312.6 billion, from $261.7 billion in July 2016.