E*TRADE’s November DARTs Jump MoM, Accounts Reach New Highs

E*TRADE Financial Corporation (NASDAQ: ETFC) has just reported its monthly metrics report for November 2016, which kept up with the pace of the rest of the industry, securing a robust gain in its DARTs. The figures also represent one of the brokerage's best performances in 2016, according to an E*TRADE Financial report.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

Looking at its latest volumes in November 2016, E*TRADE’s Daily Average Revenue Trades (DARTs) were reported at 208,420, rising by a factor of 23.5% MoM from 168,739 in October 2016. Over a yearly interval, E*TRADE’s November 2016 DARTs were also on the uptick, as indicated by a surge of 40.1% YoY, compared to a DARTs figure of 148,777 set back in November 2015.

New Account Growth Continues to Slow

In terms of E*TRADE’s net new accounts, the group managed to secure an increase of 5,105 gross new accounts in November 2016 – while this figure reflects a continued account growth, it is slightly weaker when compared against the prior month. October 2016 had added 6,854 new accounts, which represents -28.6% MoM.

Moreover, the slowdown is even larger compared to November 2015, which saw 12,935 accounts added. The trend has been present at E*TRADE for the past several months now. In total however, this brings the company’s overall accounts to approximately 5.23 million in November 2016, up from 5.2 million in October 2016.

Finally, 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 $222.5 million during November 2016, up 2.0% MoM against the $218.1 million set in October 2016, though 5.4% higher YoY from $211.2 million in November 2015.