E*TRADE Financial Corporation Reports Monthly Activity for October 2017
November 14 2017 - 8:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for October 2017.
Daily Average Revenue Trades (DARTs) for October were 215,689, a
seven percent increase from September and a 28 percent increase
from the year-ago period. Derivatives represented 31 percent of
DARTs during the month. The Company added 37,636 gross new
brokerage accounts in October and ended the month with
approximately 3.6 million brokerage accounts, which remained flat
from September.
Net new brokerage assets were $0.6 billion in the month. During
the month, customer security holdings increased by $8.4 billion,
and brokerage-related cash increased by $0.5 billion to $52.8
billion. Customer margin balances decreased $0.1 billion, ending
the month at $8.4 billion. Customers were net buyers of
approximately $0.1 billion in securities during the month.
Monthly Activity Data
Oct-17 Sep-17 Oct-16 % Chg. M/M
% Chg. Y/Y Trading days 22.0 20.0 21.0 N.M. N.M.
DARTs 215,689 202,499 168,739 7% 28% Derivative DARTs % 31 % 31 %
31 % —% —% Gross new brokerage accounts 37,636 35,048 30,747
7% 22% Gross new stock plan accounts 22,989 19,863 27,075 16% (15)%
Gross new banking accounts 293 270 312 9% (6)%
Total gross new accounts 60,918 55,181 58,134 10% 5% Net new
brokerage accounts (962 ) 10,201 (630 ) N.M. 53% Net new stock plan
accounts 9,143 (16,936 ) 8,865 N.M. 3% Net new banking accounts
(1,886 ) (1,726 ) (1,381 ) 9% 37% Net new accounts 6,295 (8,461 )
6,854 N.M. (8)% End of period brokerage accounts 3,587,752
3,588,714 3,438,345 —% 4% End of period stock plan accounts
1,484,389 1,475,246 1,463,286 1% 1% End of period banking accounts
302,249 304,135 323,269 (1)% (7)% End of
period total accounts 5,374,390 5,368,095 5,224,900 —% 3%
Customer margin balances ($B)(1) $ 8.4 $ 8.5 $ 7.1 (1)% 18%
Customer Assets
($B)
Security holdings $ 278.5 $ 270.1 $ 218.1 3% 28% Sweep deposits
36.6 36.5 26.5 —% 38% Customer cash held by third parties(2) 6.9
7.1 14.1 (3)% (51)% Customer payables (cash) 9.3 8.7
7.5 7% 24% Brokerage customer assets 331.3 322.4
266.2 3% 24% Unexercised stock plan holdings (vested)
37.0 37.9 29.0 (2)% 28% Savings, checking and other banking assets
5.0 5.0 5.2 —% (4)% Total customer assets $
373.3 $ 365.3 $ 300.4 2% 24% Net new
brokerage assets(3) $ 0.6 $ 1.0 $ 0.2 (40)% N.M. Net new banking
assets(3) — — — N.M. N.M. Net new customer
assets(3) $ 0.6 $ 1.0 $ 0.2 (40)% N.M. Brokerage related
cash $ 52.8 $ 52.3 $ 48.1 1% 10% Other cash and deposits 5.0
5.0 5.2 —% (4)% Total customer cash and deposits $
57.8 $ 57.3 $ 53.3 1% 8% Managed products $ 5.1 $ 4.9 $ 3.6
4% 42% Customer net (buy) / sell activity $ (0.1 ) $ 0.1 $ (0.7 )
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 the week of August 7, 2017
in connection with the integration of OptionsHouse. (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 the week of August 7, 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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