E*TRADE Financial Corporation Reports Monthly Activity for January 2017
February 14 2017 - 8:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for January 2017.
Daily Average Revenue Trades (DARTs) for January were 201,464,
an eight percent increase from December and a 15 percent increase
from the year-ago period. Derivatives represented 29 percent of
DARTs during the month. The Company added 42,055 gross new
brokerage accounts in January and ended the month with
approximately 3.5 million brokerage accounts—an increase of 10,239
from December.
Net new brokerage assets were $0.8 billion in the month. During
the month, customer security holdings increased by $7.0 billion,
and brokerage-related cash increased by $0.4 billion to $51.8
billion. Customer margin balances increased $0.1 billion, ending
the month at $7.2 billion. Customers were net buyers of
approximately $0.3 billion in securities during the month.
Monthly Activity Data
Jan-17 Dec-16
Jan-16 % Chg. M/M % Chg. Y/Y
Trading days 20.0 21.0 19.0 N.M. N.M. DARTs 201,464 186,196
175,346 8 % 15 % Derivatives DARTs % 29 % 29 % 25 % — % 4 %
Gross new brokerage accounts 42,055 33,250 29,666 26 % 42 % Gross
new stock plan accounts 20,004 21,447 25,145 (7 )% (20 )% Gross new
banking accounts 281 272 377 3 % (25 )% Total
gross new accounts 62,340 54,969 55,188 13 % 13 % Net new
brokerage accounts 10,239 5,520 4,815 N.M. N.M. Net new stock plan
accounts 5,698 1,352 11,395 N.M. N.M. Net new banking accounts
(1,309 ) (1,141 ) (1,580 ) N.M. N.M. Net new accounts 14,628 5,731
14,630 N.M. N.M. End of period brokerage accounts 3,473,242
3,463,003 3,218,356 — % 8 % End of period stock plan accounts
1,461,758 1,456,060 1,419,548 — % 3 % End of period banking
accounts 315,364 316,673 338,308 — % (7 )% End
of period total accounts 5,250,364 5,235,736 4,976,212 — % 6 %
Customer margin balances ($B)(1) 7.2 7.1 6.7 1 % 7 %
Customer Assets
($B)
Security holdings $ 231.4 $ 224.4 $ 190.4 3 % 22 % Sweep deposits
29.1 26.4 23.8 10 % 22 % Customer cash held by third parties(2)
14.4 16.8 11.0 (14 )% 31 % Customer payables (cash) 8.3 8.2
6.2 1 % 34 % Brokerage customer assets 283.2
275.8 231.4 3 % 22 % Unexercised stock plan holdings
(vested) 31.7 30.2 29.2 5 % 9 % Savings, checking and other banking
assets 5.2 5.3 5.3 (2 )% (2 )% Total customer
assets $ 320.1 $ 311.3 $ 265.9 3 % 20 %
Net new brokerage assets(3) $ 0.8 $ 1.4 $ 1.0 N.M. N.M. Net new
banking assets(3) (0.1 ) 0.1 (0.1 ) N.M. N.M. Net new
customer assets(3) $ 0.7 $ 1.5 $ 0.9 N.M. N.M. Brokerage
related cash $ 51.8 $ 51.4 $ 41.0 1 % 26 % Other cash and deposits
5.2 5.3 5.3 (2 )% (2 )% Total customer cash
and deposits $ 57.0 $ 56.7 $ 46.3 1 % 23 % Managed products
$ 4.0 $ 3.9 $ 3.1 3 % 29 % Customer net (buy) / sell activity $
(0.3 ) $ 0.4 $ (1.2 ) N.M. N.M.
(1) Customer margin balances include margin receivables held on
the balance sheet and customer margin balances held by a third
party.(2) Customer cash 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. Customer cash held by third
parties are not reflected in the Company's consolidated balance
sheet and are not immediately available for liquidity purposes.(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 banking products and
services to retail customers. 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, the E*TRADE logo, and OptionsHouse
are trademarks or registered trademarks of E*TRADE Financial
Corporation. ETFC-G
© 2017 E*TRADE Financial Corporation. All rights reserved.
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