E*TRADE Financial Corporation Reports Monthly Activity for August 2016
September 14 2016 - 8:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for August 2016.
Daily Average Revenue Trades ("DARTs") for August were 143,831,
a two percent decrease from July and a 20 percent decrease from the
year-ago period. The Company added 31,481 gross new brokerage
accounts in August and ended the month with approximately 3.3
million brokerage accounts—an increase of 7,308 from July.
Net new brokerage assets were $0.9 billion in the month. During
the month, customer security holdings increased by $0.8 billion,
and brokerage-related cash increased by $1.2 billion to $46.2
billion. Bank-related cash and deposits remained flat, ending the
month at $5.2 billion. Customers were net sellers of approximately
$0.4 billion in securities during the month.
Monthly Activity Data
Aug-16
Jul-16 Aug-15 % Chg. M/M % Chg. Y/Y
Trading days 23.0 20.0 21.0 N.M. N.M. DARTs 143,831 147,100
179,908 (2.2 )% (20.1 )% Gross new brokerage accounts 31,481
22,899 37,750 37.5 % (16.6 )% Gross new stock plan accounts 20,312
25,192 24,998 (19.4 )% (18.7 )% Gross new banking accounts 349
323 407 8.0 % (14.3 )% Total gross new
accounts 52,142 48,414 63,155 7.7 % (17.4 )% Net new
brokerage accounts 7,308 387 14,038 N.M. N.M. Net new stock plan
accounts 3,412 12,095 9,532 N.M. N.M. Net new banking accounts
(1,880 ) (1,194 ) (2,055 ) N.M. N.M. Net new accounts 8,840 11,288
21,515 N.M. N.M. End of period brokerage accounts 3,284,785
3,277,477 3,203,487 0.2 % 2.5 % End of period stock plan accounts
1,458,560 1,455,148 1,355,534 0.2 % 7.6 % End of period banking
accounts 326,651 328,531 346,791 (0.6 )% (5.8
)% End of period total accounts 5,069,996 5,061,156 4,905,812 0.2 %
3.3 %
Customer Assets
($B)
Security holdings $ 217.5 $ 216.7 $ 203.8 0.4 % 6.7 % Sweep
deposits 26.7 27.5 20.2 (2.9 )% 32.2 % Customer assets held by
third parties(1) 11.8 10.0 14.7 18.0 % (19.7 )% Customer payables
(cash) 7.7 7.5 6.0 2.7 % 28.3 % Brokerage
customer assets 263.7 261.7 244.7 0.8 % 7.8 %
Unexercised stock plan customer holdings (vested) 31.0 31.9 37.1
(2.8 )% (16.4 )% Savings, checking and other banking customer
assets 5.2 5.2 5.4 0.0 % (3.7 )% Total
customer assets $ 299.9 $ 298.8 $ 287.2 0.4 %
4.4 % Net new brokerage assets(2) $ 0.9 $ 0.3 $ 1.4 N.M.
N.M. Net new banking assets(2) — — (0.1 ) N.M. N.M.
Net new customer assets(2) $ 0.9 $ 0.3 $ 1.3 N.M. N.M.
Brokerage related cash $ 46.2 $ 45.0 $ 40.9 2.7 % 13.0 % Other
customer cash and deposits 5.2 5.2 5.4 0.0 %
(3.7 )% Total customer cash and deposits $ 51.4 $ 50.2 $ 46.3 2.4 %
11.0 % Customer net (buy) / sell activity $ 0.4 $ 2.0 $ (1.3
) N.M. N.M.
(1) 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.
(2) 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160914005163/en/
E*TRADE Media
RelationsThayer Fox,
646-521-4418thayer.fox@etrade.comorE*TRADE
Investor RelationsBrett Goodman,
646-521-4406brett.goodman@etrade.com
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