E*TRADE Financial Corporation Reports Monthly Activity for April 2015
May 14 2015 - 8:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for April 2015.
Daily Average Revenue Trades (“DARTs”) for April were 157,442, a
one percent decrease from March and an eight percent decrease from
the year-ago period. The Company added 37,077 gross new brokerage
accounts in April, ending the month with approximately 3.2 million
brokerage accounts — an increase of 8,315 from March.
Net new brokerage assets were negative $0.4 billion in the
month. During the month, customer security holdings increased by
one percent, or $3.1 billion, and brokerage-related cash decreased
by $0.3 billion to $41.3 billion. Bank-related cash and deposits
decreased by $0.3 billion, ending the month at $5.5 billion.
Customers were net sellers of approximately $0.5 billion in
securities during the month.
Monthly Activity Data
Apr-15
Mar-15 Apr-14 % Chg.
M/M % Chg. Y/Y Trading days
21.0 22.0 21.0 N.M. N.M. DARTs 157,442 159,053 171,271
(1.0)% (8.1)% Gross new brokerage accounts 37,077 39,673
40,263 (6.5)% (7.9)% Gross new stock plan accounts 16,298 21,766
16,861 (25.1)% (3.3)% Gross new banking accounts 425
483 801 (12.0)% (46.9)% Total gross new accounts 53,800
61,922 57,925 (13.1)% (7.1)% Net new brokerage accounts
8,315 10,967 12,358 N.M. N.M. Net new stock plan accounts (1,759)
4,219 2,696 N.M. N.M. Net new banking accounts (2,320)
(2,235) (2,735) N.M. N.M. Net new accounts 4,236
12,951 12,319 N.M. N.M. End of period brokerage accounts
3,190,954 3,182,639 3,082,319 0.3 % 3.5 % End of period stock plan
accounts 1,271,709 1,273,468 1,231,091 (0.1)% 3.3 % End of period
banking accounts 354,553 356,873 384,813
(0.7)% (7.9)% End of period total accounts 4,817,216 4,812,980
4,698,223 0.1 % 2.5 %
Customer Assets
($B)
Security holdings $ 216.9 $ 213.8 $ 187.9 1.4 % 15.4 % Customer
payables (cash) 6.6 6.3 5.9 4.8 % 11.9 % Customer assets held by
third parties(1) 14.0 14.8 13.9 (5.4)% 0.7 % Sweep deposits
20.7 20.5 19.0 1.0 % 8.9 % Brokerage customer assets
258.2 255.4 226.7 1.1 % 13.9 % Unexercised
stock plan customer holdings (vested) 38.3 38.2 33.5 0.3 % 14.3 %
Savings, checking and other banking customer assets 5.5
5.8 6.1 (5.2)% (9.8)% Total customer assets $ 302.0 $
299.4 $ 266.3 0.9 % 13.4 % Net new brokerage assets ($B)(2)
$ (0.4) $ 1.2 $ (0.7) N.M. N.M. Net new banking assets ($B)(2)
(0.2) 0.0 (0.2) N.M. N.M. Net new customer
assets ($B)(2) $ (0.6) $ 1.2 $ (0.9) N.M. N.M. Brokerage
related cash ($B) $ 41.3 $ 41.6 $ 38.8 (0.7)% 6.4 % Other customer
cash and deposits ($B) 5.5 5.8 6.1 (5.2)%
(9.8)% Total customer cash and deposits ($B) $ 46.8 $ 47.4 $ 44.9
(1.3)% 4.2 % Customer net (buy) / sell activity ($B) $ 0.5 $
(1.9) $ (0.7) 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. 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, we maintain
the ability to bring the majority of these customer assets back on
the balance sheet with appropriate notification to the third
parties (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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