E*TRADE Financial Corporation Reports Monthly Activity for July 2016
August 12 2016 - 8:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ: ETFC) today released its
Monthly Activity Report for July 2016.
Daily Average Revenue Trades ("DARTs") for July were 147,100, a
one percent decrease from June and a two percent decrease from the
year-ago period. The Company added 22,899 gross new brokerage
accounts in July and ended the month with approximately 3.3 million
brokerage accounts — an increase of 387 from June.
Net new brokerage assets were $0.3 billion in the month. During
the month, customer security holdings increased four percent, or
$7.9 billion, and brokerage-related cash increased by $2.0 billion
to $45.0 billion. Bank-related cash and deposits remained flat,
ending the month at $5.2 billion. Customers were net sellers of
approximately $2.0 billion in securities during the month.
Monthly Activity Data
Jul-16 Jun-16 Jul-15
% Chg. M/M % Chg. Y/Y Trading days 20.0
22.0 22.0 N.M. N.M. DARTs 147,100 148,941 149,283 (1.2 )%
(1.5 )% Gross new brokerage accounts 22,899 25,448 29,623
(10.0 )% (22.7 )% Gross new stock plan accounts 25,192 23,207
68,648 8.6 % (63.3 )% Gross new banking accounts 323 367
391 (12.0 )% (17.4 )% Total gross new accounts 48,414
49,022 98,662 (1.2 )% (50.9 )% Net new brokerage accounts(1)
387 3,776 (11,877 ) N.M. N.M. Net new stock plan accounts 12,095
7,853 52,045 N.M. N.M. Net new banking accounts (1,194 ) (2,356 )
(2,107 ) N.M. N.M. Net new accounts 11,288 9,273 38,061 N.M. N.M.
End of period brokerage accounts(1) 3,277,477 3,277,090
3,189,449 0.0 % 2.8 % End of period stock plan accounts 1,455,148
1,443,053 1,346,002 0.8 % 8.1 % End of period banking accounts
328,531 329,725 348,846 (0.4 )% (5.8 )% End of
period total accounts 5,061,156 5,049,868 4,884,297 0.2 % 3.6 %
Customer Assets ($B) Security holdings $ 216.7
$ 208.8 $ 215.7 3.8 % 0.5 % Sweep deposits 27.5 27.8 20.1 (1.1 )%
36.8 % Customer assets held by third parties(2) 10.0 8.5 14.6 17.6
% (31.5 )% Customer payables (cash) 7.5 6.7 6.5
11.9 % 15.4 % Brokerage customer assets 261.7 251.8
256.9 3.9 % 1.9 % Unexercised stock plan customer
holdings (vested) 31.9 28.9 42.5 10.4 % (24.9 )% Savings, checking
and other banking customer assets 5.2 5.2 5.5
0.0 % (5.5 )% Total customer assets $ 298.8 $ 285.9 $
304.9 4.5 % (2.0 )% Net new brokerage assets(3) $ 0.3
$ 0.8 $ 0.2 N.M. N.M. Net new banking assets(3) 0.0 0.0
0.0 N.M. N.M. Net new customer assets(3) $ 0.3 $ 0.8
$ 0.2 N.M. N.M. Brokerage related cash $ 45.0 $ 43.0 $ 41.2
4.7 % 9.2 % Other customer cash and deposits 5.2 5.2
5.5 0.0 % (5.5 )% Total customer cash and deposits $ 50.2 $
48.2 $ 46.7 4.1 % 7.5 % Customer net (buy) / sell activity $
2.0 $ (1.2 ) $ (1.1 ) N.M. N.M.
(1)
Net new brokerage and end of period
accounts in July 2015 include the closure of 14,604 accounts
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.
(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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160812005026/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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