E*TRADE Financial Corporation Reports Monthly Activity for May 2016
14 June 2016 - 6:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for May 2016.
Daily Average Revenue Trades ("DARTs") for May were 149,475, a
six percent decrease from April and a one percent decrease from the
year-ago period. The Company added 30,607 gross new brokerage
accounts in May and ended the month with approximately 3.3 million
brokerage accounts — an increase of 8,448 from April.
Net new brokerage assets were $1.2 billion in the month. During
the month, customer security holdings increased two percent, or
$3.5 billion, and brokerage-related cash increased by $0.6 billion
to $43.2 billion. Bank-related cash and deposits remained flat,
ending the month at $5.3 billion. Customers were net buyers of
approximately $0.4 billion in securities during the month.
Monthly Activity Data
May-16 Apr-16 May-15 % Chg. M/M
% Chg. Y/Y Trading days 21.0 21.0 20.0 N.M. N.M.
DARTs 149,475 159,215 151,444 (6.1)% (1.3)% Gross new
brokerage accounts 30,607 34,724 27,865 (11.9)% 9.8% Gross new
stock plan accounts 19,953 25,202 26,358 (20.8)% (24.3)% Gross new
banking accounts 453 337 360 34.4% 25.8% Total
gross new accounts 51,013 60,263 54,583 (15.3)% (6.5)% Net
new brokerage accounts(1) 8,448 10,866 7,141 N.M. N.M. Net new
stock plan accounts (1,187 ) 11,822 13,170 N.M. N.M. Net new
banking accounts (1,743 ) (1,727 ) (1,437 ) N.M. N.M. Net new
accounts 5,518 20,961 18,874 N.M. N.M. End of period
brokerage accounts(1) 3,273,314 3,264,866 3,198,095 0.3% 2.4% End
of period stock plan accounts 1,435,200 1,436,387 1,284,879 (0.1)%
11.7% End of period banking accounts 332,081 333,824
353,116 (0.5)% (6.0)% End of period total accounts 5,040,595
5,035,077 4,836,090 0.1% 4.2%
Customer Assets
($B)
Security holdings $ 209.1 $ 205.6 $ 220.6 1.7% (5.2)% Sweep
deposits 26.6 26.4 20.7 0.8% 28.5% Customer payables (cash) 6.9 6.9
6.6 0.0% 4.5% Customer assets held by third parties(2) 9.7
9.3 14.7 4.3% (34.0)% Brokerage customer assets 252.3
248.2 262.6 1.7% (3.9)% Unexercised stock plan
customer holdings (vested) 30.1 31.4 39.8 (4.1)% (24.4)% Savings,
checking and other banking customer assets 5.3 5.3
5.6 0.0% (5.4)% Total customer assets $ 287.7 $ 284.9
$ 308.0 1.0% (6.6)% Net new brokerage
assets(3) $ 1.2 $ (0.4 ) $ 1.0 N.M. N.M. Net new banking assets(3)
(0.1 ) (0.1 ) 0.0 N.M. N.M. Net new customer assets(3) $ 1.1
$ (0.5 ) $ 1.0 N.M. N.M. Brokerage related cash $ 43.2 $
42.6 $ 42.0 1.4% 2.9% Other customer cash and deposits 5.3
5.3 5.6 0.0% (5.4)% Total customer cash and deposits
$ 48.5 $ 47.9 $ 47.6 1.3% 1.9% Customer net (buy) / sell
activity $ (0.4 ) $ 0.2 $ (0.2 ) N.M. N.M.
(1) Net new brokerage and end of period
accounts in May 2015 include the closure of 1,314 accounts related
to the shutdown ofthe Company's global trading platform and the
closure of 3,484 accounts related to the escheatment of unclaimed
property.
(2) Customer assets held by third parties
are held outside E*TRADE Financial and include money market
fundsand sweep deposit accounts at unaffiliated financial
institutions.
(3) Net new customer assets are total
inflows to all new and existing customer accounts less total
outflowsfrom all closed and existing customer accounts. The net new
banking assets and net new brokerage assets metricstreat 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. 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
© 2016 E*TRADE Financial Corporation. All rights reserved.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160613005879/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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