E*TRADE Financial Corporation Reports Monthly Activity for February 2018
March 14 2018 - 8:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for February 2018.
Daily Average Revenue Trades (DARTs) for February were 330,121,
a five percent increase from January and a 51 percent increase from
the year-ago period. Derivatives represented 31 percent of DARTs
during the month. The Company added 51,988 gross new brokerage
accounts in February and ended the month with approximately 3.7
million brokerage accounts—an increase of 26,486 from January.
Net new brokerage assets were $2.0 billion in the month. During
the month, customer security holdings decreased by $4.5 billion,
and brokerage-related cash increased by $0.1 billion to $53.1
billion. Customer margin balances remained flat, ending the month
at $9.4 billion. Customers were net buyers of approximately $1.8
billion in securities during the month.
Monthly Activity Data
Feb-18
Jan-18 Feb-17 % Chg. M/M % Chg. Y/Y
Trading days 19.0 21.0 19.0 N.M. N.M. DARTs 330,121 315,572
218,964 5% 51% Derivative DARTs 102,304 95,496 61,989 7% 65%
Derivative DARTs % 31 % 30 % 28 % 1% 3% Gross new brokerage
accounts 51,988 64,581 45,767 (19)% 14% Gross new stock plan
accounts 30,435 26,620 16,639 14% 83% Gross new banking accounts
341 466 281 (27)% 21% Total gross new accounts
82,764 91,667 62,687 (10)% 32% Net new brokerage accounts
26,486 25,529 25,977 4% 2% Net new stock plan accounts 10,381
13,175 (3,025 ) (21)% N.M. Net new banking accounts (1,163 ) (1,602
) (1,185 ) 27% 2% Net new accounts 35,704 37,102 21,767 (4)% 64%
End of period brokerage accounts 3,686,924 3,660,438
3,499,219 1% 5% End of period stock plan accounts 1,515,932
1,505,551 1,458,733 1% 4% End of period banking accounts 296,084
297,247 314,179 —% (6)% End of period total
accounts 5,498,940 5,463,236 5,272,131 1% 4% Customer margin
balances ($B)(1) $ 9.4 $ 9.4 $ 7.1 —% 32%
Customer Assets
($B)
Security holdings $ 300.2 $ 304.7 $ 241.2 (1)% 24% Sweep deposits
38.6 38.4 30.8 1% 25% Customer cash held by third parties(2) 4.9
4.8 13.3 2% (63)% Customer payables (cash) 9.6 9.8
9.1 (2)% 5% Brokerage customer assets 353.3 357.7
294.4 (1)% 20% Unexercised stock plan holdings
(vested) 40.9 42.3 33.6 (3)% 22% Savings, checking and other
banking assets 4.9 4.9 5.3 —% (8)% Total
customer assets $ 399.1 $ 404.9 $ 333.3 (1)%
20% Net new brokerage assets(3) $ 2.0 $ 1.5 $ 1.8 33% 11%
Net new banking assets(3) — (0.2 ) 0.1 N.M. N.M. Net
new customer assets(3) $ 2.0 $ 1.3 $ 1.9 54% 5% Brokerage
related cash $ 53.1 $ 53.0 $ 53.2 —% —% Other cash and deposits 4.9
4.9 5.3 —% (8)% Total customer cash and
deposits $ 58.0 $ 57.9 $ 58.5 —% (1)% Managed products $ 5.6
$ 5.7 $ 4.1 (2)% 37% Customer net (buy) / sell activity $ (1.8 ) $
(1.5 ) $ (0.3 ) 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 to
E*TRADE Securities 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 and options on 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
© 2018 E*TRADE Financial Corporation. All rights reserved.
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