OREANDA-NEWS. E*TRADE Financial Corporation (NASDAQ:ETFC) today released its Monthly Activity Report for August 2016.

Daily Average Revenue Trades ("DARTs") for August were 143,831, a two percent decrease from July and a 20 percent decrease from the year-ago period. The Company added 31,481 gross new brokerage accounts in August and ended the month with approximately 3.3 million brokerage accounts—an increase of 7,308 from July.

Net new brokerage assets were $0.9 billion in the month. During the month, customer security holdings increased by $0.8 billion, and brokerage-related cash increased by $1.2 billion to $46.2 billion. Bank-related cash and deposits remained flat, ending the month at $5.2 billion. Customers were net sellers of approximately $0.4 billion in securities during the month.

Monthly Activity Data

                             
        Aug-16   Jul-16   Aug-15   % Chg. M/M   % Chg. Y/Y
Trading days       23.0     20.0     21.0     N.M.   N.M.
                             
DARTs       143,831     147,100     179,908     (2.2 )%   (20.1 )%
                             
Gross new brokerage accounts       31,481     22,899     37,750     37.5 %   (16.6 )%
Gross new stock plan accounts       20,312     25,192     24,998     (19.4 )%   (18.7 )%
Gross new banking accounts       349     323     407     8.0 %   (14.3 )%
Total gross new accounts       52,142     48,414     63,155     7.7 %   (17.4 )%
                             
Net new brokerage accounts       7,308     387     14,038     N.M.   N.M.
Net new stock plan accounts       3,412     12,095     9,532     N.M.   N.M.
Net new banking accounts       (1,880 )   (1,194 )   (2,055 )   N.M.   N.M.
Net new accounts       8,840     11,288     21,515     N.M.   N.M.
                             
End of period brokerage accounts       3,284,785     3,277,477     3,203,487     0.2 %   2.5 %
End of period stock plan accounts       1,458,560     1,455,148     1,355,534     0.2 %   7.6 %
End of period banking accounts       326,651     328,531     346,791     (0.6 )%   (5.8 )%
End of period total accounts       5,069,996     5,061,156     4,905,812     0.2 %   3.3 %
                             

Customer Assets ($B)

                            
Security holdings       $ 217.5     $ 216.7     $ 203.8     0.4 %   6.7 %
Sweep deposits       26.7     27.5     20.2     (2.9 )%   32.2 %
Customer assets held by third parties(1)       11.8     10.0     14.7     18.0 %   (19.7 )%
Customer payables (cash)       7.7     7.5     6.0     2.7 %   28.3 %
Brokerage customer assets       263.7     261.7     244.7     0.8 %   7.8 %
Unexercised stock plan customer holdings (vested)       31.0     31.9     37.1     (2.8 )%   (16.4 )%
Savings, checking and other banking customer assets       5.2     5.2     5.4     0.0 %   (3.7 )%
Total customer assets       $ 299.9     $ 298.8     $ 287.2     0.4 %   4.4 %
                             
Net new brokerage assets(2)       $ 0.9     $ 0.3     $ 1.4     N.M.   N.M.
Net new banking assets(2)       —     —     (0.1 )   N.M.   N.M.
Net new customer assets(2)       $ 0.9     $ 0.3     $ 1.3     N.M.   N.M.
                             
Brokerage related cash       $ 46.2     $ 45.0     $ 40.9     2.7 %   13.0 %
Other customer cash and deposits       5.2     5.2     5.4     0.0 %   (3.7 )%
Total customer cash and deposits       $ 51.4     $ 50.2     $ 46.3     2.4 %   11.0 %
                             
Customer net (buy) / sell activity       $ 0.4     $ 2.0     $ (1.3 )   N.M.   N.M.
                                         

 

About E*TRADE Financial

E*TRADE Financial and its subsidiaries provide financial services including online brokerage and related banking products and services to retail investors. Securities products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Bank products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries.