News Column

E*TRADE Financial Corporation Reports Monthly Activity for April 2014

May 14, 2014

NEW YORK--(BUSINESS WIRE)-- E*TRADE Financial Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for April 2014.

Daily Average Revenue Trades (“DARTs”) for April were 171,271, a 13 percent decrease from March and a 21 percent increase from the year-ago period. The Company added 40,263 gross new brokerage accounts in April, ending the month with approximately 3.1 million brokerage accounts – an increase of 12,358 from March.

Net new brokerage assets were negative $0.7 billion in the month. During the month, customer security holdings increased by 0.4 percent, or $0.7 billion, and brokerage-related cash decreased by $1.3 billion to $38.8 billion. Bank-related cash and deposits decreased by $0.2 billion, ending the month at $6.1 billion. Customers were net buyers of approximately $0.7 billion in securities during the month.

       

Monthly Activity Data

Apr-14Mar-14Apr-13% Chg. M/M% Chg. Y/Y
 
Trading days 21.0 21.0 22.0 N.M. N.M.
 
DARTs 171,271 197,269 141,255 (13.2)% 21.2 %
 
Gross new brokerage accounts 40,263 43,043 33,090 (6.5)% 21.7 %
Gross new stock plan accounts 16,861 19,528 17,056 (13.7)% (1.1)%
Gross new banking accounts   801   912   904 (12.2)% (11.4)%
Total gross new accounts 57,925 63,483 51,050 (8.8)% 13.5 %
 
Net new brokerage accounts 12,358 24,802 6,534 N.M. N.M.
Net new stock plan accounts 2,696 7,592 4,828 N.M. N.M.
Net new banking accounts   (2,735)   (2,648)   (3,161) N.M. N.M.
Net new accounts 12,319 29,746 8,201 N.M. N.M.
 
End of period brokerage accounts 3,082,319 3,069,961 2,939,759 0.4 % 4.8 %
End of period stock plan accounts 1,231,091 1,228,395 1,172,595 0.2 % 5.0 %
End of period banking accounts   384,813   387,548   418,831 (0.7)% (8.1)%
End of period total accounts 4,698,223 4,685,904 4,531,185 0.3 % 3.7 %
 

Customer Assets ($B)

Security holdings $ 187.9 $ 187.2 $ 151.7 0.4 % 23.9 %
Customer payables (cash) 5.9 6.3 5.1 (6.3)% 15.7 %

Customer assets held by third parties(1)

13.9 14.4 10.9 (3.5)% 27.5 %
Unexercised stock plan customer options (vested)   33.5   35.4   27.9 (5.4)% 20.1 %
Customer assets in brokerage and stock plan accounts   241.2   243.3   195.6 (0.9)% 23.3 %
Sweep deposits 19.0 19.4 18.4 (2.1)% 3.3 %
Savings, transaction and other   6.1   6.3   6.7 (3.2)% (9.0)%
Customer assets in banking accounts   25.1   25.7   25.1 (2.3)% 0.0 %
Total customer assets $ 266.3 $ 269.0 $ 220.7 (1.0)% 20.7 %
 

Net new brokerage assets ($B)(2)

$ (0.7) $ 1.5 $ 0.0 N.M. N.M.

Net new banking assets ($B)(2)

  (0.2)   (0.0)   (0.3) N.M. N.M.

Net new customer assets ($B)(2)

$ (0.9) $ 1.5 $ (0.3) N.M. N.M.
 
Brokerage related cash ($B) $ 38.8 $ 40.1 $ 34.4 (3.2)% 12.8 %
Other customer cash and deposits ($B)   6.1   6.3   6.7 (3.2)% (9.0)%
Total customer cash and deposits ($B) $ 44.9 $ 46.4 $ 41.1 (3.2)% 9.2 %
 
Customer net (purchase) / sell activity ($B) $ (0.7) $ (1.3) $ 0.0 N.M. N.M.
 
(1) 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.
(2) 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

The E*TRADE Financial family of companies provides 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

© 2014 E*TRADE Financial Corporation. All rights reserved.




E*TRADE Media Relations

Thayer Fox

646-521-4418

thayer.fox@etrade.com

or

E*TRADE Investor Relations

Brett Goodman

646-521-4406

brett.goodman@etrade.com

Source: E*TRADE Financial Corporation


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