E*TRADE Financial Corporation (NASDAQ: ETFC) today released its
Monthly Activity Report for July 2015.
Daily Average Revenue Trades (“DARTs”) for July were 149,283, a
seven percent increase from June and a three percent decrease from
the year-ago period. The Company added 29,623 gross new brokerage
accounts in July, and ended the month with approximately 3.2
million brokerage accounts. Excluding closed accounts from the
shutdown of the Company’s global trading platform, net new
brokerage accounts were 2,727(1).
Net new brokerage assets were $0.2 billion in the month. During
the month, customer security holdings increased by 0.2 percent, or
$0.5 billion, and brokerage-related cash decreased by $0.8 billion
to $41.2 billion. Bank-related cash and deposits ended the month
unchanged at $5.5 billion. Customers were net buyers of
approximately $1.1 billion in securities during the month.
Monthly Activity Data
Jul-15
Jun-15 Jul-14 % Chg. M/M % Chg. Y/Y
Trading days 22.0 22.0 21.5
N.M.
N.M.
DARTs 149,283 140,003 153,671 6.6 % (2.9
) %
Gross new brokerage accounts 29,623 29,774 29,665 (0.5
) %
(0.1
) %
Gross new stock plan accounts 68,648 24,214 25,017 183.5 % 174.4 %
Gross new banking accounts 391
423 660 (7.6
) %
(40.8
) %
Total gross new accounts 98,662 54,411 55,342 81.3 % 78.3 %
Net new brokerage accounts(1) (11,877 ) 3,231 3,571
N.M.
N.M.
Net new stock plan accounts 52,045 9,078 9,716
N.M.
N.M.
Net new banking accounts (2,107 )
(2,163 ) (2,439 )
N.M.
N.M.
Net new accounts 38,061 10,146 10,848
N.M.
N.M.
End of period brokerage accounts(1) 3,189,449 3,201,326
3,106,537 (0.4
) %
2.7 % End of period stock plan accounts 1,346,002 1,293,957
1,255,898 4.0 % 7.2 % End of period banking accounts
348,846 350,953 376,868
(0.6
) %
(7.4
) %
End of period total accounts 4,884,297 4,846,236 4,739,303 0.8 %
3.1 %
Customer Assets
($B)
Security holdings $ 215.7 $ 215.2 $ 195.5 0.2 % 10.3 % Customer
payables (cash) 6.5 6.7 6.6 (3.0
) %
(1.5
) %
Customer assets held by third parties(2) 14.6 14.6 14.3 0.0 % 2.1 %
Sweep deposits 20.1 20.7
19.1 (2.9
) %
5.2 % Brokerage customer assets 256.9
257.2 235.5 (0.1
) %
9.1
%
Unexercised stock plan customer holdings (vested) 42.5 39.7 35.8
7.1 % 18.7 % Savings, checking and other banking customer assets
5.5 5.5 5.9
0.0 % (6.8
) %
Total customer assets $ 304.9 $ 302.4 $
277.2 0.8 % 10.0 % Net new brokerage assets
($B)(3) $ 0.2 $ 0.3 $ 0.4
N.M.
N.M.
Net new banking assets ($B)(3) (0.0 )
(0.1 ) (0.1 )
N.M.
N.M.
Net new customer assets ($B)(3) $ 0.2 $ 0.2 $ 0.3
N.M.
N.M.
Brokerage related cash ($B) $ 41.2 $ 42.0 $ 40.0 (1.9
) %
3.0 % Other customer cash and deposits ($B) 5.5
5.5 5.9 0.0 % (6.8
) %
Total customer cash and deposits ($B) $ 46.7 $ 47.5 $ 45.9 (1.7
) %
1.7 %
Customer net (buy) / sell activity
($B)
$ (1.1 ) $ (0.6 ) $ (0.7 )
N.M.
N.M.
(1) Net new brokerage accounts include the closure of
14,604 accounts in July 2015 and 2,011 accounts in June 2015
related to the shutdown of the Company's global trading platform.
(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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150814005030/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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