E*TRADE Financial Corporation Reports Monthly Activity for February 2015
March 13 2015 - 8:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for February 2015.
Daily Average Revenue Trades (“DARTs”) for February were
179,420, a four percent increase from January and an 11 percent
decrease from the year-ago period. The Company added 37,224 gross
new brokerage accounts in February, ending the month with
approximately 3.2 million brokerage accounts — an increase of
20,715 from January.
Net new brokerage assets were $1.7 billion in the month. During
the month, customer security holdings increased by six percent, or
$12.2 billion, and brokerage-related cash increased by $2.1 billion
to $42.1 billion. Bank-related cash and deposits increased by $0.1
billion, ending the month at $5.8 billion. Customers were net
sellers of approximately $0.8 billion in securities during the
month.
Monthly Activity Data
Feb-15 Jan-15 Feb-14 % Chg. M/M
% Chg. Y/Y Trading days 19.0 20.0 19.0 N.M.
N.M. DARTs 179,420 172,944 201,223 3.7 % (10.8)%
Gross new brokerage accounts 37,224 30,990 40,932 20.1 % (9.1)%
Gross new stock plan accounts 15,166 28,201 16,389 (46.2)% (7.5)%
Gross new banking accounts 422 344 848 22.7 %
(50.2)% Total gross new accounts 52,812 59,535 58,169 (11.3)%
(9.2)% Net new brokerage accounts 20,715 7,034 28,242 N.M.
N.M. Net new stock plan accounts (4,307) 9,772 (3,669) N.M. N.M.
Net new banking accounts (1,373) (1,563)
(2,305) N.M. N.M. Net new accounts 15,035 15,243 22,268 N.M. N.M.
End of period brokerage accounts 3,171,672 3,150,957
3,045,159 0.7 % 4.2 % End of period stock plan accounts 1,269,249
1,273,556 1,220,803 (0.3)% 4.0 % End of period banking accounts
359,108 360,481 390,196 (0.4)% (8.0)% End of
period total accounts 4,800,029 4,784,994 4,656,158 0.3 % 3.1 %
Customer Assets
($B)
Security holdings $ 216.0 $ 203.8 $ 186.4 6.0 % 15.9 % Customer
payables (cash) 6.7 6.1 6.6 9.8 % 1.5 % Customer assets held by
third parties(1) 16.1 15.2 14.2 5.9 % 13.4 % Unexercised stock plan
customer holdings (vested) 39.6 37.2 39.3 6.5
% 0.8 % Customer assets in brokerage and stock plan accounts
278.4 262.3 246.5 6.1 % 12.9 % Sweep deposits 19.3
18.7 19.4 3.2 % (0.5)% Savings, transaction and other 5.8
5.7 6.3 1.8 % (7.9)% Customer assets in banking
accounts 25.1 24.4 25.7 2.9 % (2.3)% Total
customer assets $ 303.5 $ 286.7 $ 272.2 5.9 % 11.5 % Net new
brokerage assets ($B)(2) $ 1.7 $ 0.6 $ 1.6 N.M. N.M. Net new
banking assets ($B)(2) 0.1 (0.1) 0.1 N.M. N.M.
Net new customer assets ($B)(2) $ 1.8 $ 0.5 $ 1.7 N.M. N.M.
Brokerage related cash ($B) $ 42.1 $ 40.0 $ 40.2 5.3 % 4.7 % Other
customer cash and deposits ($B) 5.8 5.7 6.3
1.8 % (7.9)%
Total customer cash and deposits ($B)
$ 47.9 $ 45.7 $ 46.5 4.8 % 3.0 % Customer net (buy) / sell
activity ($B) $ 0.8 $ (2.0) $ (0.3) N.M. N.M.
(1) 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. (2) 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.
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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