E*TRADE Financial Corporation Reports Monthly Activity for January 2018
February 12 2018 - 8:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for January 2018.
Daily Average Revenue Trades (DARTs) for January were 315,572, a
29 percent increase from December and a 57 percent increase from
the year-ago period. Derivatives represented 30 percent of DARTs
during the month. The Company added 64,581 gross new brokerage
accounts in January and ended the month with approximately 3.7
million brokerage accounts—an increase of 25,529 from December.
Net new brokerage assets were $1.5 billion in the month. During
the month, customer security holdings increased by $17.4 billion,
and brokerage-related cash increased by $0.1 billion to $53.0
billion. Customer margin balances increased $0.3 billion, ending
the month at $9.4 billion. Customers were net buyers of
approximately $1.5 billion in securities during the month.
Monthly Activity Data
Jan-18 Dec-17
Jan-17 % Chg. M/M % Chg. Y/Y
Trading days 21.0 20.0 20.0 N.M. N.M. DARTs 315,572 245,172
201,464 29% 57% Derivative DARTs 95,496 65,074 58,218 47% 64%
Derivative DARTs % 30 % 27 % 29 % 3% 1% Gross new brokerage
accounts 64,581 53,922 42,055 20% 54% Gross new stock plan accounts
26,620 20,754 20,004 28% 33% Gross new banking accounts 466
357 281 31% 66% Total gross new accounts 91,667
75,033 62,340 22% 47% Net new brokerage accounts 25,529
27,804 10,239 (8)% 149% Net new stock plan accounts 13,175 4,325
5,698 205% 131% Net new banking accounts (1,602 ) (2,170 ) (1,309 )
26% (22)% Net new accounts 37,102 29,959 14,628 24% 154% End
of period brokerage accounts 3,660,438 3,634,909 3,473,242 1% 5%
End of period stock plan accounts 1,505,551 1,492,376 1,461,758 1%
3% End of period banking accounts 297,247 298,849
315,364 (1)% (6)% End of period total accounts 5,463,236
5,426,134 5,250,364 1% 4% Customer margin balances ($B)(1) $
9.4 $ 9.1 $ 7.2 3% 31%
Customer Assets
($B)
Security holdings $ 304.7 $ 287.3 $ 231.4 6% 32% Sweep deposits
38.4 37.7 29.1 2% 32% Customer cash held by third parties(2) 4.8
5.7 14.4 (16)% (67)% Customer payables (cash) 9.8 9.5
8.3 3% 18% Brokerage customer assets 357.7 340.2
283.2 5% 26% Unexercised stock plan holdings (vested)
42.3 38.1 31.7 11% 33% Savings, checking and other banking assets
4.9 5.0 5.2 (2)% (6)% Total customer assets $
404.9 $ 383.3 $ 320.1 6% 26% Net new
brokerage assets(3) $ 1.5 $ 1.1 $ 0.8 36% 88% Net new banking
assets(3) (0.2 ) — (0.1 ) N.M. N.M. Net new customer
assets(3) $ 1.3 $ 1.1 $ 0.7 18% 86% Brokerage related cash $
53.0 $ 52.9 $ 51.8 —% 2% Other cash and deposits 4.9 5.0
5.2 (2)% (6)% Total customer cash and deposits $ 57.9
$ 57.9 $ 57.0 —% 2% Managed products $ 5.7 $ 5.4 $ 4.0 6%
43% Customer net (buy) / sell activity $ (1.5 ) $ (0.6 ) $ (0.3 )
N.M. N.M. (1) Represents margin receivables held on the
balance sheet and customer margin balances held by a third party
clearing firm. The balances held by a third party were transferred
to E*TRADE Securities during August 2017 in connection with the
OptionsHouse integration. (2) Customer cash held by third parties
is held outside E*TRADE and includes money market funds and sweep
deposit accounts at unaffiliated financial institutions. During
August 2017, customer cash held by a third party clearing firm,
which had previously been included in customer cash held by third
parties, was transferred to E*TRADE Securities in connection with
the OptionsHouse integration. Customer cash held by third parties
is not reflected in the Company's consolidated balance sheet and is
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
Securities products and services are offered by E*TRADE
Securities LLC, Member FINRA/SIPC. Investment advisory services are
offered through E*TRADE Capital Management, LLC, a Registered
Investment Adviser. Commodity futures and options on futures
products and services are offered by E*TRADE Futures LLC, Member
NFA. Banking products and services are offered by E*TRADE Bank, a
federal savings bank, Member FDIC, or its subsidiaries. E*TRADE
Securities LLC, E*TRADE Capital Management, LLC, E*TRADE Futures
LLC, and E*TRADE Bank are separate but affiliated companies. 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
© 2018 E*TRADE Financial Corporation. All rights reserved.
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