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

Daily Average Revenue Trades ("DARTs") for July were 147,100, a one percent decrease from June and a two percent decrease from the year-ago period. The Company added 22,899 gross new brokerage accounts in July and ended the month with approximately 3.3 million brokerage accounts — an increase of 387 from June.

Net new brokerage assets were $0.3 billion in the month. During the month, customer security holdings increased four percent, or $7.9 billion, and brokerage-related cash increased by $2.0 billion to $45.0 billion. Bank-related cash and deposits remained flat, ending the month at $5.2 billion. Customers were net sellers of approximately $2.0 billion in securities during the month.

Monthly Activity Data

    Jul-16   Jun-16   Jul-15   % Chg. M/M   % Chg. Y/Y
Trading days   20.0     22.0     22.0     N.M.   N.M.
                     
DARTs   147,100     148,941     149,283     (1.2 )%   (1.5 )%
                     
Gross new brokerage accounts   22,899     25,448     29,623     (10.0 )%   (22.7 )%
Gross new stock plan accounts   25,192     23,207     68,648     8.6 %   (63.3 )%
Gross new banking accounts   323     367     391     (12.0 )%   (17.4 )%
Total gross new accounts   48,414     49,022     98,662     (1.2 )%   (50.9 )%
                     
Net new brokerage accounts(1)   387     3,776     (11,877 )   N.M.   N.M.
Net new stock plan accounts   12,095     7,853     52,045     N.M.   N.M.
Net new banking accounts   (1,194 )   (2,356 )   (2,107 )   N.M.   N.M.
Net new accounts   11,288     9,273     38,061     N.M.   N.M.
                     
End of period brokerage accounts(1)   3,277,477     3,277,090     3,189,449     0.0 %   2.8 %
End of period stock plan accounts   1,455,148     1,443,053     1,346,002     0.8 %   8.1 %
End of period banking accounts   328,531     329,725     348,846     (0.4 )%   (5.8 )%
End of period total accounts   5,061,156     5,049,868     4,884,297     0.2 %   3.6 %
                     
Customer Assets ($B)                    
Security holdings   $ 216.7     $ 208.8     $ 215.7     3.8 %   0.5 %
Sweep deposits   27.5     27.8     20.1     (1.1 )%   36.8 %
Customer assets held by third parties(2)   10.0     8.5     14.6     17.6 %   (31.5 )%
Customer payables (cash)   7.5     6.7     6.5     11.9 %   15.4 %
Brokerage customer assets   261.7     251.8     256.9     3.9 %   1.9 %
Unexercised stock plan customer holdings (vested)   31.9     28.9     42.5     10.4 %   (24.9 )%
Savings, checking and other banking customer assets   5.2     5.2     5.5     0.0 %   (5.5 )%
Total customer assets   $ 298.8     $ 285.9     $ 304.9     4.5 %   (2.0 )%
                     
Net new brokerage assets(3)   $ 0.3     $ 0.8     $ 0.2     N.M.   N.M.
Net new banking assets(3)   0.0     0.0     0.0     N.M.   N.M.
Net new customer assets(3)   $ 0.3     $ 0.8     $ 0.2     N.M.   N.M.
                     
Brokerage related cash   $ 45.0     $ 43.0     $ 41.2     4.7 %   9.2 %
Other customer cash and deposits   5.2     5.2     5.5     0.0 %   (5.5 )%
Total customer cash and deposits   $ 50.2     $ 48.2     $ 46.7     4.1 %   7.5 %
                     
Customer net (buy) / sell activity   $ 2.0     $ (1.2 )   $ (1.1 )   N.M.   N.M.

(1)

  

Net new brokerage and end of period accounts in July 2015 include the closure of 14,604 accounts related to the shutdown of the Company's global trading platform.

(2)

  

Customer assets held by third parties are held outside E*TRADE Financial and include money market funds and sweep deposit accounts at unaffiliated financial institutions.

(3)

  

Net new customer assets are total inflows to all new and existing customer accounts less total outflows from all closed and existing customer accounts. The net new banking assets and net new brokerage assets metrics treat asset flows between E*TRADE entities in the same manner as unrelated third party accounts.