E*TRADE Financial Corporation Reports Monthly Activity for November 2016
December 14 2016 - 8:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for November 2016.
Daily Average Revenue Trades ("DARTs") for November were
208,420, a 24 percent increase from October and a 40 percent
increase from the year-ago period. Derivatives represented 28
percent of DARTs during the month. The Company added 38,140 gross
new brokerage accounts in November and ended the month with
approximately 3.5 million brokerage accounts—an increase of 19,138
from October.
Net new brokerage assets were $1.6 billion in the month. During
the month, customer security holdings increased by $4.4 billion,
and brokerage-related cash increased by $2.2 billion to $50.3
billion. Customer margin balances decreased $0.1 billion, ending
the month at $7.0 billion. Customers were net sellers of
approximately $1.1 billion in securities during the month.
Monthly Activity Data
Nov-16 Oct-16
Nov-15 % Chg. M/M
% Chg. Y/Y Trading days 20.5 21.0 19.5 N.M. N.M.
DARTs 208,420 168,739 148,777 23.5% 40.1% Derivatives
DARTs % 28 % 31 % 25 % N.M. N.M. Gross new brokerage
accounts 38,140 30,747 27,698 24.0% 37.7% Gross new stock plan
accounts 15,875 27,075 22,292 (41.4)% (28.8)% Gross new banking
accounts 259 312 355 (17.0)% (27.0)% Total
gross new accounts 54,274 58,134 50,345 (6.6)% 7.8% Net new
brokerage accounts(1) 19,138 (630 ) 7,255 N.M. N.M. Net new stock
plan accounts (8,578 ) 8,865 6,961 N.M. N.M. Net new banking
accounts (5,455 ) (1,381 ) (1,281 ) N.M. N.M. Net new accounts
5,105 6,854 12,935 N.M. N.M. End of period brokerage
accounts(1) 3,457,483 3,438,345 3,211,149 0.6% 7.7% End of period
stock plan accounts 1,454,708 1,463,286 1,391,486 (0.6)% 4.5% End
of period banking accounts 317,814 323,269 341,412
(1.7)% (6.9)% End of period total accounts 5,230,005
5,224,900 4,944,047 0.1% 5.8% Customer margin balances
($B)(2) 7.0 7.1 7.5 (1.4)% (6.7)%
Customer Assets
($B)
Security holdings $ 222.5 $ 218.1 $ 211.2 2.0% 5.4% Sweep deposits
26.3 26.5 22.8 (0.8)% 15.4% Customer assets held by third
parties(3) 15.8 14.1 12.3 12.1% 28.5% Customer payables (cash) 8.2
7.5 6.6 9.3% 24.2% Brokerage customer assets
272.8 266.2 252.9 2.5% 7.9% Unexercised stock
plan customer holdings (vested) 30.5 29.0 37.7 5.2% (19.1)%
Savings, checking and other banking customer assets 5.2 5.2
5.3 0.0% (1.9)% Total customer assets $ 308.5
$ 300.4 $ 295.9 2.7% 4.3% Net new brokerage
assets(4) $ 1.6 $ 0.2 $ 1.0 N.M. N.M. Net new banking assets(4) —
— — N.M.
N.M.
Net new customer assets(4) $ 1.6 $ 0.2 $ 1.0 N.M. N.M.
Brokerage related cash $ 50.3 $ 48.1 $ 41.7 4.6% 20.6% Other
customer cash and deposits 5.2 5.2 5.3 0.0%
(1.9)% Total customer cash and deposits $ 55.5 $ 53.3 $ 47.0 4.1%
18.1% Managed products $ 3.7 $ 3.6 $ 3.2 2.8% 15.6% Customer
net (buy) / sell activity $ 1.1 $ (0.7 ) $ (0.2 ) N.M. N.M.
(1) Net new brokerage accounts include the closure of 1,621
accounts in November 2015 related to the shutdown of the Company's
global trading platform. (2) Customer margin balances include
margin receivables held on the balance sheet and customer margin
balances held by a third party. (3) 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 and customer cash held at a third party clearing firm.
(4) 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.
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