E*TRADE Financial Corporation Reports Monthly Activity for November 2015
December 14 2015 - 8:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for November 2015.
Daily Average Revenue Trades ("DARTs") for November were
148,777, a three percent increase from October and a nine percent
decrease from the year-ago period. The Company added 27,698 gross
new brokerage accounts in November and ended the month with
approximately 3.2 million brokerage accounts — an increase of 7,255
from October.
Net new brokerage assets were $1.0 billion in the month. During
the month, customer security holdings increased by $0.1 billion,
and brokerage-related cash increased by $0.7 billion to $41.7
billion. Bank-related cash and deposits ended the month unchanged
at $5.3 billion. Customers were net buyers of approximately $0.2
billion in securities during the month.
Monthly Activity Data
Nov-15 Oct-15 Nov-14 % Chg. M/M
% Chg. Y/Y Trading days 19.5 22.0 18.5 N.M. N.M.
DARTs 148,777 144,607 163,045 2.9 % (8.8 )% Gross new
brokerage accounts 27,698 24,227 26,805 14.3 % 3.3 % Gross new
stock plan accounts 22,292 39,860 16,233 (44.1
)%
37.3 % Gross new banking accounts 355 345 493
2.9 % (28.0 )% Total gross new accounts 50,345 64,432 43,531 (21.9
)% 15.7 % Net new brokerage accounts(1) 7,255 363 8,761 N.M.
N.M. Net new stock plan accounts 6,961 26,055 1,159 N.M. N.M. Net
new banking accounts (1,281 ) (1,396 ) (1,665 ) N.M. N.M. Net new
accounts 12,935 25,022 8,255 N.M. N.M. End of period
brokerage accounts(1) 3,211,149 3,203,894 3,137,149 0.2 % 2.4 % End
of period stock plan accounts 1,391,486 1,384,525 1,267,724 0.5 %
9.8 % End of period banking accounts 341,412 342,693
368,181 (0.4 )% (7.3 )% End of period total accounts
4,944,047 4,931,112 4,773,054 0.3 % 3.6 %
Customer Assets
($B)
Security holdings $ 211.2 $ 211.1 $ 208.8 0.0 % 1.1 % Customer
payables (cash) 6.6 6.4 6.6 3.1 % 0.0 % Customer assets held by
third parties(2) 12.3 13.0 15.1 (5.4 )% (18.5 )% Sweep deposits
22.8 21.6 19.1 5.6 % 19.4 % Brokerage customer
assets 252.9 252.1 249.6 0.3 % 1.3 %
Unexercised stock plan customer holdings (vested) 37.7 37.3 38.7
1.1 % (2.6 )% Savings, checking and other banking customer assets
5.3 5.3 5.8 0.0 % (8.6 )% Total customer
assets 295.9 294.7 294.1 0.4 % 0.6 %
Net new brokerage assets ($B)(3) $ 1.0 $ 0.5 $ 1.0 N.M. N.M. Net
new banking assets ($B)(3) 0.0 0.0 0.0 N.M.
N.M. Net new customer assets ($B)(3) $ 1.0 $ 0.5 $ 1.0 N.M. N.M.
Brokerage related cash ($B) $ 41.7 $ 41.0 $ 40.8 1.7 % 2.2 %
Other customer cash and deposits ($B) 5.3 5.3 5.8
0.0 % (8.6 )% Total customer cash and deposits ($B) $ 47.0 $
46.3 $ 46.6 1.5 % 0.9 % Customer net (buy) / sell activity
($B) $ (0.2 ) $ 0.9 $ (0.2 ) N.M. N.M.
(1)
Net new brokerage accounts include the
closure of 1,621 accounts in November 2015 and 753 accounts in
October 2015 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.
Customer assets held by third parties are not reflected in the
Company's consolidated balance sheet and are not immediately
available for liquidity purposes. However, the Company maintains
the ability to transfer the majority of these customer assets to
its balance sheet with notification to the third party institutions
and customer consent, as appropriate.
(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 brokerage
assets and net new banking 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. Specific business segments
include Trading and Investing and Balance Sheet Management.
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
© 2015 E*TRADE Financial Corporation. All rights reserved.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151214005166/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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