E*TRADE’s July DARTS Hold a Tight Consolidation, New Accounts Swell

E*TRADE Financial Corporation (NASDAQ: ETFC) has released its monthly metrics report for July 2016, which saw its DARTs held in a tight consolidation, albeit skewed to the downside MoM, according to an E*TRADE Financial statement.

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Per the latest volumes in July 2016, E*TRADE’s Daily Average Revenue Trades (DARTs) came in at 147,100, falling by a margin of -1.2% MoM from 148,941 in June 2016. By extension, over a yearly interval, E*TRADE’s July 2016 performance was also lower, albeit by the same factor of -1.5% YoY, given a DARTs figure of 149,283 set back in July 2015.

Account Growth

In terms of E*TRADE’s brokerage accounts, the group secured an increase of 11,288 gross new accounts in July 2016 – this represented a healthy rise, especially when measured against the prior month. June 2016 had added 9,273 new accounts, which represents 21.7% MoM – in total, this brings the company’s overall accounts to approximately 5.06 million.

Furthermore, E*TRADE also saw its customer security holdings Yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a Read this Term a figure of $298.8 million during July 2016, up 4.5% MoM against the $285.9 million set in June 2016, though -2.0% lower YoY from $304.9 million in April 2015.