E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for October 2016.
Daily Average Revenue Trades ("DARTs") for October were 168,739,
a two percent increase from September and a 17 percent increase
from the year-ago period. The Company added 30,747 gross new
brokerage accounts in October and ended the month with
approximately 3.4 million brokerage accounts—a decrease of 630 from
September.
Net new brokerage assets were $0.2 billion in the month. During
the month, customer security holdings decreased by $4.0 billion,
and brokerage-related cash decreased by $0.2 billion to $48.1
billion. Other customer cash and deposits remained flat, ending the
month at $5.2 billion. Customers were net buyers of approximately
$0.7 billion in securities during the month.
Monthly Activity Data
Oct-16 Sep-16 Oct-15 %
Chg. M/M % Chg. Y/Y Trading days 21.0 21.0 22.0
N.M. N.M. DARTs 168,739 165,326 144,607 2.1 % 16.7 %
Gross new brokerage accounts 30,747 172,929 24,227
(82.2)
%
26.9 % Gross new stock plan accounts 27,075 16,640 39,860 62.7 %
(32.1)
%
Gross new banking accounts 312 389 345
(19.8)
%
(9.6)
%
Total gross new accounts 58,134 189,958 64,432
(69.4)
%
(9.8)
%
Net new brokerage accounts(1) (630 ) 154,190 363 N.M. N.M.
Net new stock plan accounts 8,865 (4,139 ) 26,055 N.M. N.M. Net new
banking accounts (1,381 ) (2,001 ) (1,396 ) N.M. N.M. Net new
accounts 6,854 148,050 25,022 N.M. N.M. End of period
brokerage accounts(1) 3,438,345 3,438,975 3,203,894 0.0 % 7.3 % End
of period stock plan accounts 1,463,286 1,454,421 1,384,525 0.6 %
5.7 % End of period banking accounts 323,269 324,650
342,693
(0.4)
%
(5.7)
%
End of period total accounts 5,224,900 5,218,046 4,931,112 0.1 %
6.0 %
Customer Assets
($B)
Security holdings $ 218.1 $ 222.1 $ 211.1
(1.8)
%
3.3 % Sweep deposits 26.5 26.5 21.6 0.0 % 22.7 % Customer assets
held by third parties(2) 14.1 14.0 13.0 0.7 % 8.5 % Customer
payables (cash) 7.5 7.8 6.4
(3.8)
%
17.2 % Brokerage customer assets 266.2 270.4 252.1
(1.6)
%
5.6 % Unexercised stock plan customer holdings (vested) 29.0 31.2
37.3
(7.1)
%
(22.3)
%
Savings, checking and other banking customer assets 5.2 5.2
5.3 0.0 %
(1.9)
%
Total customer assets $ 300.4 $ 306.8 $ 294.7
(2.1)
%
1.9 % Net new brokerage assets(3) $ 0.2 $ 4.2 $ 0.5 N.M.
N.M. Net new banking assets(3) — — — N.M.
N.M. Net new customer assets(3) $ 0.2 $ 4.2 $ 0.5 N.M. N.M.
Brokerage related cash $ 48.1 $ 48.3 $ 41.0
(0.4)
%
17.3 % Other customer cash and deposits 5.2 5.2 5.3
0.0 %
(1.9)
%
Total customer cash and deposits $ 53.3 $ 53.5 $ 46.3
(0.4)
%
15.1 % Customer net (buy) / sell activity $ (0.7 ) $ - $ 0.9
N.M. N.M.
(1) Net new brokerage accounts in September 2016 include 147,761
accounts acquired as part of the OptionsHouse acquisition. Net new
brokerage accounts in October 2015 include the closure of 753
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/20161114005198/en/
E*TRADE Media
RelationsThayer Fox,
646-521-4418thayer.fox@etrade.comorE*TRADE
Investor RelationsBrett Goodman,
646-521-4406ir@etrade.com
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