E*TRADE Financial Corporation Reports Monthly Activity for October 2015
14 November 2015 - 12:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for October 2015.
Daily Average Revenue Trades ("DARTs") for October were 144,607,
a four percent increase from September and an 18 percent decrease
from the year-ago period. The Company added 24,227 gross new
brokerage accounts in October and ended the month with
approximately 3.2 million brokerage accounts — an increase of 363
from September.
Net new brokerage assets were $0.5 billion in the month. During
the month, customer security holdings increased by seven percent,
or $14.1 billion, and brokerage-related cash increased by $0.8
billion to $41.0 billion. Bank-related cash and deposits ended the
month unchanged at $5.3 billion. Customers were net sellers of
approximately $0.9 billion in securities during the month.
Monthly Activity Data
Oct-15 Sep-15 Oct-14 % Chg. M/M %
Chg. Y/Y Trading days 22.0 21.0 23.0 N.M. N.M. DARTs
144,607 139,084 175,447 4.0 % (17.6 )% Gross new brokerage
accounts 24,227 25,951 26,919 (6.6 )% (10.0 )% Gross new stock plan
accounts 39,860 17,085 15,711 133.3 % 153.7 % Gross new banking
accounts 345 360 600 (4.2
)%
(42.5 )% Total gross new accounts 64,432 43,396 43,230 48.5 % 49.0
% Net new brokerage accounts(1) 363 44 1,912 N.M. N.M. Net
new stock plan accounts 26,055 2,936 2,836 N.M. N.M. Net new
banking accounts (1,396 ) (2,702 ) (1,780 ) N.M. N.M. Net new
accounts 25,022 278 2,968 N.M. N.M. End of period brokerage
accounts(1) 3,203,894 3,203,531 3,128,388 0.0 % 2.4 % End of period
stock plan accounts 1,384,525 1,358,470 1,266,565 1.9 % 9.3 % End
of period banking accounts 342,693 344,089 369,846
(0.4 )% (7.3 )% End of period total accounts 4,931,112
4,906,090 4,764,799 0.5 % 3.5 %
Customer Assets
($B)
Security holdings $ 211.1 $ 197.0 $ 203.7 7.2 % 3.6 % Customer
payables (cash) 6.4 6.0 6.4 6.7 % 0.0 % Customer assets held by
third parties(2) 13.0 13.9 14.8 (6.5 )% (12.2 )% Sweep deposits
21.6 20.3 18.8 6.4 % 14.9 % Brokerage customer
assets 252.1 237.2 243.7 6.3 % 3.4 %
Unexercised stock plan customer
holdings(vested)
37.3 34.1 38.8 9.4 % (3.9 )%
Savings, checking and other
bankingcustomer assets
5.3 5.3 5.7 0.0 % (7.0 )% Total customer
assets 294.7 276.6 288.2 6.5 % 2.3 %
Net new brokerage assets ($B)(3) $ 0.5 $ 0.5 $ 0.8 N.M. N.M. Net
new banking assets ($B)(3) 0.0 (0.1 ) (0.1 ) N.M. N.M. Net
new customer assets ($B)(3) $ 0.5 $ 0.4 $ 0.7 N.M. N.M.
Brokerage related cash ($B) $ 41.0 $ 40.2 $ 40.0 2.0 % 2.5 % Other
customer cash and deposits ($B) 5.3 5.3 5.7
0.0 % (7.0 )% Total customer cash and deposits ($B) $ 46.3 $ 45.5 $
45.7 1.8 % 1.3 % Customer net (buy) / sell activity ($B) $
0.9 $ (1.3 ) $ (0.5 ) N.M. N.M. (1) Net new brokerage
accounts include the closure of 753 accounts in October 2015 and
1,809 accounts in September 2015 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. Customer assets held by third parties are not
reflected in the Company's consolidated balance sheet and are not
immediately available for liquidity purposes. However, the Company
maintains the ability to transfer the majority of these customer
assets to its balance sheet with notification to the third party
institutions and customer consent, as appropriate. (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 brokerage assets and net new banking assets
metrics treat asset flows between E*TRADE entities in the same
manner as unrelated third party accounts.
Historical metrics and financials can be found on E*TRADE
Financial's corporate website at https://about.etrade.com.
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. Specific business segments
include Trading and Investing and Balance Sheet Management.
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. More information is available at www.etrade.com.
Important Notices
E*TRADE Financial, E*TRADE, and the E*TRADE logo are trademarks
or registered trademarks of E*TRADE Financial Corporation.
ETFC-G
© 2015 E*TRADE Financial Corporation. All rights reserved.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151113005051/en/
E*TRADE Media
RelationsThayer Fox,
646-521-4418thayer.fox@etrade.comorE*TRADE
Investor RelationsBrett Goodman,
646-521-4406brett.goodman@etrade.com
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