E*TRADE Financial Corporation (NASDAQ:ETFC) today released its Monthly
Activity Report for October 2015.
Daily Average Revenue Trades ("DARTs") for October were 144,607, a four
percent increase from September and an 18 percent decrease from the
year-ago period. The Company added 24,227 gross new brokerage accounts
in October and ended the month with approximately 3.2 million brokerage
accounts — an increase of 363 from September.
Net new brokerage assets were $0.5 billion in the month. During the
month, customer security holdings increased by seven percent, or $14.1
billion, and brokerage-related cash increased by $0.8 billion to $41.0
billion. Bank-related cash and deposits ended the month unchanged at
$5.3 billion. Customers were net sellers of approximately $0.9 billion
in securities during the month.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Monthly Activity Data
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oct-15
|
|
Sep-15
|
|
Oct-14
|
|
% Chg. M/M
|
|
% Chg. Y/Y
|
|
Trading days
|
|
22.0
|
|
|
21.0
|
|
|
23.0
|
|
|
N.M.
|
|
|
N.M.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DARTs
|
|
144,607
|
|
|
139,084
|
|
|
175,447
|
|
|
4.0
|
%
|
|
(17.6
|
)%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross new brokerage accounts
|
|
24,227
|
|
|
25,951
|
|
|
26,919
|
|
|
(6.6
|
)%
|
|
(10.0
|
)%
|
|
Gross new stock plan accounts
|
|
39,860
|
|
|
17,085
|
|
|
15,711
|
|
|
133.3
|
%
|
|
153.7
|
%
|
|
Gross new banking accounts
|
|
345
|
|
|
360
|
|
|
600
|
|
|
(4.2
|
)%
|
|
(42.5
|
)%
|
|
Total gross new accounts
|
|
64,432
|
|
|
43,396
|
|
|
43,230
|
|
|
48.5
|
%
|
|
49.0
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net new brokerage accounts(1)
|
|
363
|
|
|
44
|
|
|
1,912
|
|
|
N.M.
|
|
|
N.M.
|
|
|
Net new stock plan accounts
|
|
26,055
|
|
|
2,936
|
|
|
2,836
|
|
|
N.M.
|
|
|
N.M.
|
|
|
Net new banking accounts
|
|
(1,396
|
)
|
|
(2,702
|
)
|
|
(1,780
|
)
|
|
N.M.
|
|
|
N.M.
|
|
|
Net new accounts
|
|
25,022
|
|
|
278
|
|
|
2,968
|
|
|
N.M.
|
|
|
N.M.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
End of period brokerage accounts(1)
|
|
3,203,894
|
|
|
3,203,531
|
|
|
3,128,388
|
|
|
0.0
|
%
|
|
2.4
|
%
|
|
End of period stock plan accounts
|
|
1,384,525
|
|
|
1,358,470
|
|
|
1,266,565
|
|
|
1.9
|
%
|
|
9.3
|
%
|
|
End of period banking accounts
|
|
342,693
|
|
|
344,089
|
|
|
369,846
|
|
|
(0.4
|
)%
|
|
(7.3
|
)%
|
|
End of period total accounts
|
|
4,931,112
|
|
|
4,906,090
|
|
|
4,764,799
|
|
|
0.5
|
%
|
|
3.5
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer Assets ($B)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security holdings
|
|
$
|
211.1
|
|
|
$
|
197.0
|
|
|
$
|
203.7
|
|
|
7.2
|
%
|
|
3.6
|
%
|
|
Customer payables (cash)
|
|
6.4
|
|
|
6.0
|
|
|
6.4
|
|
|
6.7
|
%
|
|
0.0
|
%
|
|
Customer assets held by third parties(2)
|
|
13.0
|
|
|
13.9
|
|
|
14.8
|
|
|
(6.5
|
)%
|
|
(12.2
|
)%
|
|
Sweep deposits
|
|
21.6
|
|
|
20.3
|
|
|
18.8
|
|
|
6.4
|
%
|
|
14.9
|
%
|
|
Brokerage customer assets
|
|
252.1
|
|
|
237.2
|
|
|
243.7
|
|
|
6.3
|
%
|
|
3.4
|
%
|
|
Unexercised stock plan customer holdings
(vested)
|
|
37.3
|
|
|
34.1
|
|
|
38.8
|
|
|
9.4
|
%
|
|
(3.9
|
)%
|
|
Savings, checking and other banking
customer assets
|
|
5.3
|
|
|
5.3
|
|
|
5.7
|
|
|
0.0
|
%
|
|
(7.0
|
)%
|
|
Total customer assets
|
|
294.7
|
|
|
276.6
|
|
|
288.2
|
|
|
6.5
|
%
|
|
2.3
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net new brokerage assets ($B)(3)
|
|
$
|
0.5
|
|
|
$
|
0.5
|
|
|
$
|
0.8
|
|
|
N.M.
|
|
|
N.M.
|
|
|
Net new banking assets ($B)(3)
|
|
0.0
|
|
|
(0.1
|
)
|
|
(0.1
|
)
|
|
N.M.
|
|
|
N.M.
|
|
|
Net new customer assets ($B)(3)
|
|
$
|
0.5
|
|
|
$
|
0.4
|
|
|
$
|
0.7
|
|
|
N.M.
|
|
|
N.M.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brokerage related cash ($B)
|
|
$
|
41.0
|
|
|
$
|
40.2
|
|
|
$
|
40.0
|
|
|
2.0
|
%
|
|
2.5
|
%
|
|
Other customer cash and deposits ($B)
|
|
5.3
|
|
|
5.3
|
|
|
5.7
|
|
|
0.0
|
%
|
|
(7.0
|
)%
|
|
Total customer cash and deposits ($B)
|
|
$
|
46.3
|
|
|
$
|
45.5
|
|
|
$
|
45.7
|
|
|
1.8
|
%
|
|
1.3
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer net (buy) / sell activity ($B)
|
|
$
|
0.9
|
|
|
$
|
(1.3
|
)
|
|
$
|
(0.5
|
)
|
|
N.M.
|
|
|
N.M.
|
|
|
(1)
|
|
Net new brokerage accounts include the closure of 753 accounts in
October 2015 and 1,809 accounts in September 2015 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. Customer assets held by
third parties are not reflected in the Company's consolidated
balance sheet and are not immediately available for liquidity
purposes. However, the Company maintains the ability to transfer the
majority of these customer assets to its balance sheet with
notification to the third party institutions and customer consent,
as appropriate.
|
|
(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 brokerage assets and net new banking
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. Specific business segments include Trading and
Investing and Balance Sheet Management. 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
© 2015 E*TRADE Financial Corporation. All rights reserved.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151113005051/en/
Copyright Business Wire 2015