E*TRADE Financial Corporation Reports Monthly Activity for April 2020
May 14 2020 - 8:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ: ETFC) today released its
Monthly Activity Report for April 2020.
Monthly Activity Data
Apr-20
Mar-20
Apr-19
% Chg. M/M
% Chg. Y/Y
Trading days
21.0
22.0
21.0
N.M.
N.M.
DARTs(1)
927,671
902,340
279,065
3
%
232
%
Derivative DARTs(1)
227,702
215,959
89,122
5
%
155
%
Derivative DARTs %(1)
25
%
24
%
32
%
1
%
(7
)
%
Margin receivables ($B)
$
7.8
$
7.3
$
10.0
7
%
(22
)
%
Net new retail accounts
134,382
260,493
1,219
(48
)
%
N.M.
Net new advisor services accounts
(2,003
)
(703
)
52
(185
)
%
N.M.
Net new corporate services accounts
6,030
12,709
18,202
(53
)
%
(67
)
%
Net new accounts
138,409
272,499
19,473
(49
)
%
N.M.
End of period retail accounts
5,632,978
5,498,596
5,089,816
2
%
11
%
End of period advisor services
accounts
142,450
144,453
151,274
(1
)
%
(6
)
%
End of period corporate services
accounts
1,952,986
1,946,956
1,836,185
—
%
6
%
End of period accounts
7,728,414
7,590,005
7,077,275
2
%
9
%
Net new retail assets ($B)(2)
$
5.0
$
11.0
$
(0.7
)
(55
)
%
N.M.
Net new advisor services assets
($B)(2)
—
(0.1
)
(0.1
)
100
%
100
%
Net new retail and advisor services assets
($B)
$
5.0
$
10.9
$
(0.8
)
(54
)
%
N.M.
Total Customer
Assets ($B)
Security holdings
$
289.8
$
253.2
$
287.6
14
%
1
%
Cash and deposits
86.5
84.6
61.7
2
%
40
%
Retail and advisor services assets
$
376.3
$
337.8
$
349.3
11
%
8
%
Corporate services vested assets
164.0
135.8
146.5
21
%
12
%
Retail, advisor services, and
corporate
services vested assets
$
540.3
$
473.6
$
495.8
14
%
9
%
Corporate services unvested holdings
137.6
113.7
119.6
21
%
15
%
Total customer assets
$
677.9
$
587.3
$
615.4
15
%
10
%
Net (Buy) / Sell
Activity ($B)
Retail net (buy) / sell activity
$
(3.1
)
$
0.2
$
1.0
N.M.
N.M.
Advisor services net (buy) / sell
activity
(0.5
)
0.8
—
N.M.
N.M.
Net (buy) / sell activity
$
(3.6
)
$
1.0
$
1.0
N.M.
N.M.
Total Cash and
Deposits ($B)
Brokerage sweep deposits
$
35.4
$
38.1
$
38.0
(7
)
%
(7
)
%
Bank sweep deposits(3)
0.1
0.7
—
(86
)
%
100
%
Customer payables
17.1
16.0
10.8
7
%
58
%
Savings, checking and other banking
assets(3)
3.4
3.3
7.9
3
%
(57
)
%
Total on-balance sheet customer cash and
deposits
$
56.0
$
58.1
$
56.7
(4
)
%
(1
)
%
Brokerage sweep deposits at unaffiliated
financial institutions
19.1
15.4
3.3
24
%
479
%
Bank sweep deposits at unaffiliated
financial institutions(4)
9.5
9.1
—
4
%
100
%
Money market funds and other
1.9
2.0
1.7
(5
)
%
12
%
Total customer cash held by third
parties(5)
$
30.5
$
26.5
$
5.0
15
%
N.M.
Total customer cash and deposits
$
86.5
$
84.6
$
61.7
2
%
40
%
(1) March 2020 has been updated to reflect approximately 15,000
DARTs, including approximately 3,000 Derivative DARTs, that were
not previously reflected in that period’s reporting. (2) Net new
retail and advisor services assets exclude the effects of market
movements in the value of retail and advisor services assets. (3)
Beginning November 2019, bank sweep deposits include Premium
Savings Accounts participating in the bank sweep deposit account
program. Savings, checking, and other banking assets include $4.3
billion of deposits as of April 30, 2019 in our Premium Savings
Account product that were subsequently converted to the bank sweep
deposit account program. (4) Bank sweep deposits at unaffiliated
financial institutions include customer cash related to Premium
Savings Accounts held outside E*TRADE Financial presented net of
deposit balances from unaffiliated financial institutions held
on-balance sheet. (5) Customer cash held by third parties is held
outside E*TRADE and includes money market funds and sweep deposit
accounts at unaffiliated financial institutions, net of deposit
balances from unaffiliated financial institutions held on-balance
sheet. Customer cash held by third parties is not reflected in
E*TRADE's consolidated or condensed consolidated balance sheet and
is not immediately available for liquidity purposes.
Historical metrics and financials can be found on E*TRADE
Financial's corporate website at https://about.etrade.com.
About E*TRADE Financial Corporation
E*TRADE Financial Corporation and its subsidiaries provide
financial services including brokerage and related products and
services to traders, investors, stock plan administrators and
participants, and registered investment advisers (RIAs). Securities
products and services are offered by E*TRADE Securities LLC (Member
FINRA/SIPC). Commodity futures and options on futures products and
services are offered by E*TRADE Futures LLC (Member NFA). Managed
Account Solutions are offered through E*TRADE Capital Management,
LLC, a Registered Investment Adviser. Bank products and services
are offered by E*TRADE Bank, and RIA custody solutions are offered
by E*TRADE Savings Bank, both of which are federal savings banks
(Members FDIC). Employee stock and student loan benefit plan
solutions are offered by E*TRADE Financial Corporate Services, Inc.
E*TRADE Securities LLC, E*TRADE Futures LLC, E*TRADE Capital
Management, LLC, E*TRADE Bank, E*TRADE Savings Bank, and E*TRADE
Financial Corporate Services, Inc. are separate but affiliated
companies. More information is available at www.etrade.com.
Important Notices
E*TRADE, E*TRADE Financial, E*TRADE Bank, E*TRADE Savings Bank,
and the E*TRADE logo are trademarks or registered trademarks of
E*TRADE Financial Corporation. ETFC-G
© 2020 E*TRADE Financial Corporation. All rights reserved.
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646-521-4418 mediainq@etrade.com
E*TRADE Investor Relations
646-521-4406 ir@etrade.com
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