E*TRADE Financial Corporation (NASDAQ:ETFC) today released its Monthly Activity Report for April 2016.

Daily Average Revenue Trades ("DARTs") for April were 159,215, a one percent increase from March and a one percent increase from the year-ago period. The Company added 34,724 gross new brokerage accounts in April and ended the month with approximately 3.3 million brokerage accounts — an increase of 10,866 from March.

Net new brokerage assets were negative $0.4 billion in the month. During the month, customer security holdings were unchanged, while brokerage-related cash remained flat, ending the month at $42.6 billion. Bank-related cash and deposits decreased $0.1 billion, ending the month at $5.3 billion. Customers were net sellers of approximately $0.2 billion in securities during the month.

                                     

Monthly Activity Data

  Apr-16 Mar-16 Apr-15 % Chg. M/M % Chg. Y/Y Trading days 21.0 22.0 21.0 N.M. N.M.   DARTs 159,215 157,242 157,442 1.3% 1.1%   Gross new brokerage accounts 34,724 35,348 37,077 (1.8)% (6.3)% Gross new stock plan accounts 25,202 18,805 16,298 34.0% 54.6% Gross new banking accounts 337 330 425 2.1% (20.7)% Total gross new accounts 60,263 54,483 53,800 10.6% 12.0%   Net new brokerage accounts(1) 10,866 17,769 8,315 N.M. N.M. Net new stock plan accounts 11,822 6,034 (1,759) N.M. N.M. Net new banking accounts (1,727) (1,447) (2,320) N.M. N.M. Net new accounts 20,961 22,356 4,236 N.M. N.M.   End of period brokerage accounts(1) 3,264,866 3,254,000 3,190,954 0.3% 2.3% End of period stock plan accounts 1,436,387 1,424,565 1,271,709 0.8% 12.9% End of period banking accounts 333,824 335,551 354,553 (0.5)% (5.8)% End of period total accounts 5,035,077 5,014,116 4,817,216 0.4% 4.5%  

Customer Assets ($B)

Security holdings $ 205.6 $ 205.6 $ 216.9 0.0% (5.2)% Sweep deposits 26.4 26.4 20.7 0.0% 27.5% Customer payables (cash) 6.9 6.8 6.6 1.5% 4.5% Customer assets held by third parties(2) 9.3 9.4 14.0 (1.1)% (33.6)% Brokerage customer assets 248.2 248.2 258.2 0.0% (3.9)%

Unexercised stock plan customer holdings(vested)

31.4 30.9 38.3 1.6% (18.0)%

Savings, checking and other bankingcustomer assets

5.3 5.4 5.5 (1.9)% (3.6)% Total customer assets $ 284.9 $ 284.5 $ 302.0 0.1% (5.7)%   Net new brokerage assets(3) $ (0.4) $ 1.0 $ (0.4) N.M. N.M. Net new banking assets(3) (0.1) 0.1 (0.2) N.M. N.M. Net new customer assets(3) $ (0.5) $ 1.1 $ (0.6) N.M. N.M.   Brokerage related cash $ 42.6 $ 42.6 $ 41.3 0.0% 3.1% Other customer cash and deposits 5.3 5.4 5.5 (1.9)% (3.6)% Total customer cash and deposits $ 47.9 $ 48.0 $ 46.8 (0.2)% 2.4%   Customer net (buy) / sell activity $ 0.2 $ 0.7 $ 0.5 N.M. N.M.   (1)   Net new brokerage accounts include the closure of 1,466 accounts in March related to the shutdown of the Company's Hong Kong and Singapore operations. (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. (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

E*TRADE Financial and its subsidiaries provide financial services including online brokerage and related banking products and services to retail investors. 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

© 2016 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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