E*TRADE Financial Corporation Reports Monthly Activity for August 2017
15 September 2017 - 10:05PM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for August 2017.
Daily Average Revenue Trades (DARTs) for August were 206,572, a
one percent decrease from July and a 44 percent increase from the
year-ago period. Derivatives represented 31 percent of DARTs during
the month. The Company added 40,831 gross new brokerage accounts in
August and ended the month with approximately 3.6 million brokerage
accounts—an increase of 19,031 from July.
Net new brokerage assets were $1.1 billion in the month. During
the month, customer security holdings increased by $6.4 billion,
and brokerage-related cash decreased by $0.2 billion to $51.5
billion. Customer margin balances increased $0.4 billion, ending
the month at $8.5 billion. Customers were net buyers of
approximately $1.3 billion in securities during the month.
Monthly Activity Data
Aug-17 Jul-17 Aug-16 % Chg. M/M %
Chg. Y/Y Trading days 23.0 19.5 23.0 N.M. N.M. DARTs
206,572 208,156 143,831 (1)% 44% Derivative DARTs % 31 % 34 % 23 %
(3)% 8% Gross new brokerage accounts 40,831 29,287 31,481
39% 30% Gross new stock plan accounts 21,527 32,804 20,312 (34)% 6%
Gross new banking accounts 322 242 349 33%
(8)% Total gross new accounts 62,680 62,333 52,142 1% 20%
Net new brokerage accounts 19,031 (3,007 ) 7,308 N.M. 160% Net new
stock plan accounts (748 ) 18,238 3,412 N.M. N.M. Net new banking
accounts (1,368 ) (1,500 ) (1,880 ) (9)% (27)% Net new accounts
16,915 13,731 8,840 23% 91% End of period brokerage accounts
3,578,513 3,559,482 3,284,785 1% 9% End of period stock plan
accounts 1,492,182 1,492,930 1,458,560 —% 2% End of period banking
accounts 305,861 307,229 326,651 —% (6)% End
of period total accounts 5,376,556 5,359,641 5,069,996 —% 6%
Customer margin balances ($B)(1) $ 8.5 $ 8.1 $ 6.5 5% 31%
Customer Assets
($B)
Security holdings $ 267.3 $ 260.9 $ 217.5 2% 23% Sweep deposits
36.4 35.0 26.7 4% 36% Customer cash held by third parties(2) 6.7
8.5 11.8 (21)% (43)% Customer payables (cash) 8.4 8.2
7.7 2% 9% Brokerage customer assets 318.8 312.6
263.7 2% 21% Unexercised stock plan holdings (vested)
37.6 37.6 31.0 —% 21% Savings, checking and other banking assets
5.0 5.1 5.2 (2)% (4)% Total customer assets $
361.4 $ 355.3 $ 299.9 2% 21% Net new
brokerage assets(3) $ 1.1 $ 0.1 $ 0.9 N.M. N.M. Net new banking
assets(3) — (0.1 ) — N.M. N.M. Net new customer
assets(3) $ 1.1 $ — $ 0.9 N.M. N.M. Brokerage related cash $
51.5 $ 51.7 $ 46.2 —%
11% Other cash and deposits 5.0 5.1 5.2 (2)%
(4)% Total customer cash and deposits $ 56.5 $ 56.8 $ 51.4 (1)% 10%
Managed products $ 4.7 $ 4.7 $ 3.6 —% 31% Customer net (buy)
/ sell activity $ (1.3 ) $ (0.1 ) $ 0.4 N.M. N.M. (1)
Customer margin balances at July 2017 includes margin receivables
held on the balance sheet and customer margin balances held by a
third party. The balances held by a third party were transferred to
E*TRADE during the week of August 7, 2017 in connection with the
integration of OptionsHouse. (2) Customer cash held by third
parties is held outside E*TRADE and includes money market funds and
sweep deposit accounts at unaffiliated financial institutions. At
July 2017, customer cash held by third parties also included
customer cash held by a third party clearing firm. These balances
were transferred during the week of August 7, 2017 in connection
with the integration of OptionsHouse. Customer cash held by third
parties is not reflected in the Company's consolidated balance
sheet and is not immediately available for liquidity purposes. (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.
Historical metrics and financials can be found on E*TRADE
Financial's corporate website at https://about.etrade.com.
About E*TRADE Financial
Securities products and services are offered by E*TRADE
Securities LLC, Member FINRA/SIPC. Investment advisory services are
offered through E*TRADE Capital Management, LLC, a Registered
Investment Adviser. Commodity futures products and services are
offered by E*TRADE Futures LLC, Member NFA. Banking products and
services are offered by E*TRADE Bank, a federal savings bank,
Member FDIC, or its subsidiaries. E*TRADE Securities LLC, E*TRADE
Capital Management, LLC, E*TRADE Futures LLC, and E*TRADE Bank are
separate but affiliated companies. More information is available at
www.etrade.com.
Important Notices
E*TRADE Financial, E*TRADE, the E*TRADE logo, and OptionsHouse
are trademarks or registered trademarks of E*TRADE Financial
Corporation. ETFC-G
© 2017 E*TRADE Financial Corporation. All rights reserved.
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