E*TRADE Financial Corporation ETFC today released its Monthly
Activity Report for August 2012.
Daily Average Revenue Trades (“DARTs”) for August were 121,570, a five percent
decrease from July and a 37 percent decrease from the year-ago period. The
Company added 33,303 gross new brokerage accounts in August, ending the month
with approximately 2.9 million brokerage accounts – an increase of 18,034 from
July. Total accounts ended the month at approximately 4.4 million.
Net new brokerage assets were positive $1.1 billion in the month. During the
month, customer security holdings increased by three percent, or $4.0 billion,
and brokerage-related cash increased by $1.8 billion to $31.4 billion, as
customers were net sellers of approximately $1.2 billion in securities.
Bank-related cash and deposits ended the month unchanged, at $7.3 billion.
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