E*TRADE Financial Corporation Reports Monthly Activity for November 2017
December 14 2017 - 8:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for November 2017.
Daily Average Revenue Trades (DARTs) for November were 248,669,
a 15 percent increase from October and a 19 percent increase from
the year-ago period. Derivatives represented 31 percent of DARTs
during the month. The Company added 41,473 gross new brokerage
accounts in November and ended the month with approximately 3.6
million brokerage accounts, which remained flat from October.
Net new brokerage assets were $1.5 billion in the month. During
the month, customer security holdings increased by $6.8 billion,
and brokerage-related cash increased by $0.3 billion to $53.1
billion. Customer margin balances increased $0.5 billion, ending
the month at $8.9 billion. Customers were net buyers of
approximately $1.6 billion in securities during the month.
Monthly Activity Data
Nov-17 Oct-17
Nov-16 % Chg. M/M % Chg. Y/Y
Trading days 20.5 22.0 20.5 N.M. N.M. DARTs 248,669 215,689
208,420 15% 19% Derivative DARTs % 31 % 31 % 28 % —% 3%
Gross new brokerage accounts 41,473 37,636 38,140 10% 9% Gross new
stock plan accounts 21,261 22,989 15,875 (8)% 34% Gross new banking
accounts 274 293 259 (6)% 6% Total gross new
accounts 63,008 60,918 54,274 3% 16% Net new brokerage
accounts 19,353 (962 ) 19,138 N.M. 1% Net new stock plan accounts
3,662 9,143 (8,578 ) (60)% N.M. Net new banking accounts (1,230 )
(1,886 ) (5,455 ) 35% 77% Net new accounts 21,785 6,295 5,105 N.M.
N.M. End of period brokerage accounts 3,607,105 3,587,752
3,457,483 1% 4% End of period stock plan accounts 1,488,051
1,484,389 1,454,708 —% 2% End of period banking accounts 301,019
302,249 317,814 —% (5)% End of period total
accounts 5,396,175 5,374,390 5,230,005 —% 3% Customer margin
balances ($B)(1) $ 8.9 $ 8.4 $ 7.0 6% 27%
Customer Assets
($B)
Security holdings $ 285.3 $ 278.5 $ 222.5 2% 28% Sweep deposits
37.4 36.6 26.3 2% 42% Customer cash held by third parties(2) 6.0
6.9 15.8 (13)% (62)% Customer payables (cash) 9.7 9.3
8.2 4% 18% Brokerage customer assets 338.4 331.3
272.8 2% 24% Unexercised stock plan holdings (vested)
38.0 37.0 30.5 3% 25% Savings, checking and other banking assets
5.0 5.0 5.2 —% (4)% Total customer assets $
381.4 $ 373.3 $ 308.5 2% 24% Net new
brokerage assets(3) $ 1.5 $ 0.6 $ 1.6 150% (6)% Net new banking
assets(3) — — — —% —% Net new customer
assets(3) $ 1.5 $ 0.6 $ 1.6 150% (6)% Brokerage related cash
$ 53.1 $ 52.8 $ 50.3 1% 6% Other cash and deposits 5.0 5.0
5.2 —% (4)% Total customer cash and deposits $ 58.1 $
57.8 $ 55.5 1% 5% Managed products $ 5.3 $ 5.1 $ 3.7 4% 43%
Customer net (buy) / sell activity $ (1.6 ) $ (0.1 ) $ 1.1 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 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 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
© 2017 E*TRADE Financial Corporation. All rights reserved.
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