E*TRADE Financial Corporation Reports Monthly Activity for April 2016
May 13 2016 - 7:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ:ETFC) today released its
Monthly Activity Report for April 2016.
Daily Average Revenue Trades ("DARTs") for April were 159,215, a
one percent increase from March and a one percent increase from the
year-ago period. The Company added 34,724 gross new brokerage
accounts in April and ended the month with approximately 3.3
million brokerage accounts — an increase of 10,866 from March.
Net new brokerage assets were negative $0.4 billion in the
month. During the month, customer security holdings were unchanged,
while brokerage-related cash remained flat, ending the month at
$42.6 billion. Bank-related cash and deposits decreased $0.1
billion, ending the month at $5.3 billion. Customers were net
sellers of approximately $0.2 billion in securities during the
month.
Monthly Activity Data
Apr-16 Mar-16 Apr-15 % Chg. M/M
% Chg. Y/Y Trading days 21.0 22.0 21.0 N.M. N.M.
DARTs 159,215 157,242 157,442 1.3% 1.1% Gross new brokerage
accounts 34,724 35,348 37,077 (1.8)% (6.3)% Gross new stock plan
accounts 25,202 18,805 16,298 34.0% 54.6% Gross new banking
accounts 337 330 425 2.1% (20.7)% Total gross new accounts 60,263
54,483 53,800 10.6% 12.0% Net new brokerage accounts(1)
10,866 17,769 8,315 N.M. N.M. Net new stock plan accounts 11,822
6,034 (1,759) N.M. N.M. Net new banking accounts (1,727) (1,447)
(2,320) N.M. N.M. Net new accounts 20,961 22,356 4,236 N.M. N.M.
End of period brokerage accounts(1) 3,264,866 3,254,000
3,190,954 0.3% 2.3% End of period stock plan accounts 1,436,387
1,424,565 1,271,709 0.8% 12.9% End of period banking accounts
333,824 335,551 354,553 (0.5)% (5.8)% End of period total accounts
5,035,077 5,014,116 4,817,216 0.4% 4.5%
Customer Assets
($B)
Security holdings $ 205.6 $ 205.6 $ 216.9 0.0% (5.2)% Sweep
deposits 26.4 26.4 20.7 0.0% 27.5% Customer payables (cash) 6.9 6.8
6.6 1.5% 4.5% Customer assets held by third parties(2) 9.3 9.4 14.0
(1.1)% (33.6)% Brokerage customer assets 248.2 248.2 258.2 0.0%
(3.9)%
Unexercised stock plan customer
holdings(vested)
31.4 30.9 38.3 1.6% (18.0)%
Savings, checking and other
bankingcustomer assets
5.3 5.4 5.5 (1.9)% (3.6)% Total customer assets $ 284.9 $ 284.5 $
302.0 0.1% (5.7)% Net new brokerage assets(3) $ (0.4) $ 1.0
$ (0.4) N.M. N.M. Net new banking assets(3) (0.1) 0.1 (0.2) N.M.
N.M. Net new customer assets(3) $ (0.5) $ 1.1 $ (0.6) N.M. N.M.
Brokerage related cash $ 42.6 $ 42.6 $ 41.3 0.0% 3.1% Other
customer cash and deposits 5.3 5.4 5.5 (1.9)% (3.6)% Total customer
cash and deposits $ 47.9 $ 48.0 $ 46.8 (0.2)% 2.4% Customer
net (buy) / sell activity $ 0.2 $ 0.7 $ 0.5 N.M. N.M. (1)
Net new brokerage accounts include the closure of 1,466
accounts in March related to the shutdown of the Company's Hong
Kong and Singapore operations. (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. (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
E*TRADE Financial and its subsidiaries provide financial
services including online brokerage and related banking products
and services to retail investors. 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
© 2016 E*TRADE Financial Corporation. All rights reserved.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160513005073/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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