E*TRADE Financial Corporation Reports Monthly Activity for April 2017
May 12 2017 - 8:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for April 2017.
Daily Average Revenue Trades (DARTs) for April were 196,022, a
three percent decrease from March and a 23 percent increase from
the year-ago period. Derivatives represented 31 percent of DARTs
during the month. The Company added 38,904 gross new brokerage
accounts in April and ended the month with approximately 3.5
million brokerage accounts—an increase of 10,695 from March.
Net new brokerage assets were negative $0.2 billion in the
month. During the month, customer security holdings increased by
$4.5 billion, and brokerage-related cash decreased by $0.8 billion
to $52.7 billion. Customer margin balances increased $0.2 billion,
ending the month at $7.5 billion. Customers were net buyers of
approximately $0.5 billion in securities during the month.
Monthly Activity Data
Apr-17 Mar-17 Apr-16 % Chg. M/M
% Chg. Y/Y Trading days 19.0 23.0 21.0 N.M. N.M.
DARTs 196,022 202,526 159,215 (3 )% 23 % Derivatives DARTs % 31 %
28 % 24 % 3 % 7 % Gross new brokerage accounts 38,904 50,037
34,724 (22 )% 12 % Gross new stock plan accounts 23,276 21,276
25,202 9 % (8 )% Gross new banking accounts 252 318
337 (21 )% (25 )% Total gross new accounts 62,432 71,631
60,263 (13 )% 4 % Net new brokerage accounts 10,695 21,999
10,866 N.M. N.M. Net new stock plan accounts 9,850 2,805 11,822
N.M. N.M. Net new banking accounts (2,012 ) (1,212 ) (1,727 ) N.M.
N.M. Net new accounts 18,533 23,592 20,961 N.M. N.M. End of
period brokerage accounts 3,531,913 3,521,218 3,264,866 — % 8 % End
of period stock plan accounts 1,471,388 1,461,538 1,436,387 1 % 2 %
End of period banking accounts 311,296 312,967
333,824 (1 )% (7 )% End of period total accounts 5,314,597
5,295,723 5,035,077 — % 6 % Customer margin balances ($B)(1)
7.5 7.3 6.5 3 % 15 %
Customer Assets ($B)
Security holdings $ 248.3 $ 243.8 $ 205.6 2 % 21 % Sweep
deposits 31.6 32.0 26.4 (1 )% 20 % Customer cash held by third
parties(2) 12.1 12.6 9.3 (4 )% 30 % Customer payables (cash) 9.0
8.9 6.9 1 % 30 % Brokerage customer assets
301.0 297.3 248.2 1 % 21 % Unexercised stock
plan holdings (vested) 34.4 33.0 31.4 4 % 10 % Savings, checking
and other banking assets 5.3 5.4 5.3 (2 )% — %
Total customer assets $ 340.7 $ 335.7 $ 284.9
1 % 20 % Net new brokerage assets(3) $ (0.2 ) $ 1.6 $
(0.4 ) N.M. N.M. Net new banking assets(3) (0.2 ) 0.1 (0.1 )
N.M. N.M. Net new customer assets(3) $ (0.4 ) $ 1.7 $ (0.5 ) N.M.
N.M. Brokerage related cash $ 52.7 $ 53.5 $ 42.6 (1 )% 24 %
Other cash and deposits 5.3 5.4 5.3 (2 )% — %
Total customer cash and deposits $ 58.0 $ 58.9 $ 47.9 (2 )% 21 %
Managed products $ 4.4 $ 4.3 $ 3.3 2 % 33 % Customer net
(buy) / sell activity $ (0.5 ) $ (1.0 ) $ 0.2 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) and
OptionsHouse (Member FINRA/SIPC/NFA). 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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