E*TRADE Financial Corporation Reports Monthly Activity for July 2016
E*TRADE Financial Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for July 2016.
Daily Average Revenue Trades ("DARTs") for July were 147,100, a one percent decrease from June and a two percent decrease from
the year-ago period. The Company added 22,899 gross new brokerage accounts in July and ended the month with approximately 3.3
million brokerage accounts — an increase of 387 from June.
Net new brokerage assets were $0.3 billion in the month. During the month, customer security holdings increased four percent, or
$7.9 billion, and brokerage-related cash increased by $2.0 billion to $45.0 billion. Bank-related cash and deposits remained flat,
ending the month at $5.2 billion. Customers were net sellers of approximately $2.0 billion in securities during the month.
Monthly Activity Data
|
|
Jul-16 |
|
Jun-16 |
|
Jul-15 |
|
% Chg. M/M |
|
% Chg. Y/Y |
| Trading days |
|
20.0 |
|
|
22.0 |
|
|
22.0 |
|
|
N.M. |
|
N.M. |
|
|
|
|
|
|
|
|
|
|
|
| DARTs |
|
147,100 |
|
|
148,941 |
|
|
149,283 |
|
|
(1.2 |
)% |
|
(1.5 |
)% |
|
|
|
|
|
|
|
|
|
|
|
| Gross new brokerage accounts |
|
22,899 |
|
|
25,448 |
|
|
29,623 |
|
|
(10.0 |
)% |
|
(22.7 |
)% |
| Gross new stock plan accounts |
|
25,192 |
|
|
23,207 |
|
|
68,648 |
|
|
8.6 |
% |
|
(63.3 |
)% |
| Gross new banking accounts |
|
323 |
|
|
367 |
|
|
391 |
|
|
(12.0 |
)% |
|
(17.4 |
)% |
| Total gross new accounts |
|
48,414 |
|
|
49,022 |
|
|
98,662 |
|
|
(1.2 |
)% |
|
(50.9 |
)% |
|
|
|
|
|
|
|
|
|
|
|
| Net new brokerage accounts(1) |
|
387 |
|
|
3,776 |
|
|
(11,877 |
) |
|
N.M. |
|
N.M. |
| Net new stock plan accounts |
|
12,095 |
|
|
7,853 |
|
|
52,045 |
|
|
N.M. |
|
N.M. |
| Net new banking accounts |
|
(1,194 |
) |
|
(2,356 |
) |
|
(2,107 |
) |
|
N.M. |
|
N.M. |
| Net new accounts |
|
11,288 |
|
|
9,273 |
|
|
38,061 |
|
|
N.M. |
|
N.M. |
|
|
|
|
|
|
|
|
|
|
|
| End of period brokerage accounts(1) |
|
3,277,477 |
|
|
3,277,090 |
|
|
3,189,449 |
|
|
0.0 |
% |
|
2.8 |
% |
| End of period stock plan accounts |
|
1,455,148 |
|
|
1,443,053 |
|
|
1,346,002 |
|
|
0.8 |
% |
|
8.1 |
% |
| End of period banking accounts |
|
328,531 |
|
|
329,725 |
|
|
348,846 |
|
|
(0.4 |
)% |
|
(5.8 |
)% |
| End of period total accounts |
|
5,061,156 |
|
|
5,049,868 |
|
|
4,884,297 |
|
|
0.2 |
% |
|
3.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
| Customer Assets ($B) |
|
|
|
|
|
|
|
|
|
|
| Security holdings |
|
$ |
216.7 |
|
|
$ |
208.8 |
|
|
$ |
215.7 |
|
|
3.8 |
% |
|
0.5 |
% |
| Sweep deposits |
|
27.5 |
|
|
27.8 |
|
|
20.1 |
|
|
(1.1 |
)% |
|
36.8 |
% |
| Customer assets held by third parties(2) |
|
10.0 |
|
|
8.5 |
|
|
14.6 |
|
|
17.6 |
% |
|
(31.5 |
)% |
| Customer payables (cash) |
|
7.5 |
|
|
6.7 |
|
|
6.5 |
|
|
11.9 |
% |
|
15.4 |
% |
| Brokerage customer assets |
|
261.7 |
|
|
251.8 |
|
|
256.9 |
|
|
3.9 |
% |
|
1.9 |
% |
| Unexercised stock plan customer holdings (vested) |
|
31.9 |
|
|
28.9 |
|
|
42.5 |
|
|
10.4 |
% |
|
(24.9 |
)% |
| Savings, checking and other banking customer assets |
|
5.2 |
|
|
5.2 |
|
|
5.5 |
|
|
0.0 |
% |
|
(5.5 |
)% |
| Total customer assets |
|
$ |
298.8 |
|
|
$ |
285.9 |
|
|
$ |
304.9 |
|
|
4.5 |
% |
|
(2.0 |
)% |
|
|
|
|
|
|
|
|
|
|
|
| Net new brokerage assets(3) |
|
$ |
0.3 |
|
|
$ |
0.8 |
|
|
$ |
0.2 |
|
|
N.M. |
|
N.M. |
| Net new banking assets(3) |
|
0.0 |
|
|
0.0 |
|
|
0.0 |
|
|
N.M. |
|
N.M. |
| Net new customer assets(3) |
|
$ |
0.3 |
|
|
$ |
0.8 |
|
|
$ |
0.2 |
|
|
N.M. |
|
N.M. |
|
|
|
|
|
|
|
|
|
|
|
| Brokerage related cash |
|
$ |
45.0 |
|
|
$ |
43.0 |
|
|
$ |
41.2 |
|
|
4.7 |
% |
|
9.2 |
% |
| Other customer cash and deposits |
|
5.2 |
|
|
5.2 |
|
|
5.5 |
|
|
0.0 |
% |
|
(5.5 |
)% |
| Total customer cash and deposits |
|
$ |
50.2 |
|
|
$ |
48.2 |
|
|
$ |
46.7 |
|
|
4.1 |
% |
|
7.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
| Customer net (buy) / sell activity |
|
$ |
2.0 |
|
|
$ |
(1.2 |
) |
|
$ |
(1.1 |
) |
|
N.M. |
|
N.M. |
|
(1)
|
|
Net new brokerage and end of period accounts in July 2015 include the closure of 14,604 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.
E*TRADE Media Relations
Thayer Fox, 646-521-4418
thayer.fox@etrade.com
or
E*TRADE Investor Relations
Brett Goodman, 646-521-4406
brett.goodman@etrade.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20160812005026/en/