E*TRADE Financial Corporation Reports Monthly Activity for May 2015
June 12 2015 - 08:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for May 2015.
Daily Average Revenue Trades (“DARTs”) for May were 151,444, a
four percent decrease from April and a three percent increase from
the year-ago period. The Company added 27,865 gross new brokerage
accounts in May, ending the month with approximately 3.2 million
brokerage accounts — an increase of 7,141 from April.
Net new brokerage assets were $1.0 billion in the month. During
the month, customer security holdings increased by two percent, or
$3.7 billion, and brokerage-related cash increased by $0.7 billion
to $42.0 billion. Bank-related cash and deposits increased by $0.1
billion, ending the month at $5.6 billion. Customers were net
buyers of approximately $0.2 billion in securities during the
month.
Monthly Activity Data
May-15 Apr-15
May-14 % Chg. M/M % Chg.
Y/Y Trading days 20.0 21.0 21.0 N.M. N.M.
DARTs 151,444 157,442 147,661 (3.8)% 2.6% Gross new
brokerage accounts 27,865 37,077 29,571 (24.8)% (5.8)% Gross new
stock plan accounts 26,358 16,298 17,727 61.7% 48.7% Gross new
banking accounts 360 425 576
(15.3)% (37.5)% Total gross new accounts 54,583 53,800
47,874 1.5% 14.0% Net new brokerage accounts(1) 7,141 8,315
13,590 N.M. N.M. Net new stock plan accounts 13,170 (1,759 ) 2,676
N.M. N.M. Net new banking accounts (1,437 ) (2,320 )
(2,117 ) N.M. N.M. Net new accounts 18,874 4,236 14,149 N.M.
N.M. End of period brokerage accounts(1) 3,198,095 3,190,954
3,095,909 0.2% 3.3% End of period stock plan accounts 1,284,879
1,271,709 1,233,767 1.0% 4.1% End of period banking accounts
353,116 354,553 382,696 (0.4)%
(7.7)% End of period total accounts 4,836,090 4,817,216 4,712,372
0.4% 2.6%
Customer Assets
($B)
Security holdings $ 220.6 $ 216.9 $ 191.8 1.7% 15.0% Customer
payables (cash) 6.6 6.6 6.5 0.0% 1.5% Customer assets held by third
parties(2) 14.7 14.0 14.2 5.0% 3.5% Sweep deposits 20.7
20.7 19.2 0.0% 7.8% Brokerage
customer assets 262.6 258.2
231.7 1.7% 13.3% Unexercised stock plan customer holdings
(vested) 39.8 38.3 34.3 3.9% 16.0% Savings, checking and other
banking customer assets 5.6 5.5
6.1 1.8% (8.2)% Total customer assets $ 308.0 $ 302.0
$ 272.1 2.0% 13.2% Net new brokerage assets
($B)(3) $ 1.0 $ (0.4 ) $ 1.2 N.M. N.M. Net new banking assets
($B)(3) - (0.2 ) (0.0 ) N.M. N.M. Net
new customer assets ($B)(3) $ 1.0 $ (0.6 ) $ 1.2 N.M. N.M.
Brokerage related cash ($B) $ 42.0 $ 41.3 $ 39.9 1.7% 5.3% Other
customer cash and deposits ($B) 5.6 5.5
6.1 1.8% (8.2)% Total customer cash and deposits ($B)
$ 47.6 $ 46.8 $ 46.0 1.7% 3.5% Customer net (buy) / sell
activity ($B) $ (0.2 ) $ 0.5 $ 0.5 N.M. N.M. (1) In
May 2015, net new brokerage accounts and end of period accounts
include the closure of approximately 5,000 accounts primarily
attributable to the escheatment of unclaimed property. (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, we maintain the ability to bring the majority of these
customer assets back on the balance sheet with appropriate
notification to the third parties. (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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150612005055/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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