E*TRADE Financial Corporation Reports Monthly Activity for February 2014

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

Daily Average Revenue Trades (“DARTs”) for February were 201,223, a three percent increase from January and a 32 percent increase from the year-ago period. The Company added 40,932 gross new brokerage accounts in February, ending the month with approximately 3.0 million brokerage accounts – an increase of 28,242 from January.

Net new brokerage assets were $1.6 billion in the month. During the month, customer security holdings increased by six percent, or $10.0 billion, and brokerage-related cash increased by $1.3 billion to $40.2 billion. Bank-related cash and deposits ended the month unchanged, at $6.3 billion. Customers were net buyers of approximately $0.3 billion in securities during the month.

Monthly Activity Data

         
Feb-14 Jan-14 Feb-13 % Chg. M/M % Chg. Y/Y
 
 
Trading days 19.0 21.0 19.0 N.M. N.M.
 
DARTs 201,223 195,652 152,154 2.8 % 32.2 %
 
Gross new brokerage accounts 40,932 41,367 31,123 (1.1)% 31.5 %
Gross new stock plan accounts 16,389 20,776 21,256 (21.1)% (22.9)%
Gross new banking accounts   848   898   933 (5.6)% (9.1)%
Total gross new accounts 58,169 63,041 53,312 (7.7)% 9.1 %
 
Net new brokerage accounts 28,242 18,858 9,941 N.M. N.M.
Net new stock plan accounts (3,669) 4,899 8,258 N.M. N.M.
Net new banking accounts   (2,305)   (3,637)   (2,122) N.M. N.M.
Net new accounts 22,268 20,120 16,077 N.M. N.M.
 
End of period brokerage accounts 3,045,159 3,016,917 2,922,259 0.9 % 4.2 %
End of period stock plan accounts 1,220,803 1,224,472 1,164,966 (0.3)% 4.8 %
End of period banking accounts   390,196   392,501   424,309 (0.6)% (8.0)%
End of period total accounts 4,656,158 4,633,890 4,511,534 0.5 % 3.2 %
 

Customer Assets ($B)

Security holdings $ 186.4 $ 176.4 $ 144.9 5.7 % 28.6 %
Customer payables (cash) 6.6 6.1 4.9 8.2 % 34.7 %
Customer assets held by third parties(1) 14.2 13.6 9.5 4.4 % 49.5 %
Unexercised stock plan customer options (vested)   39.3   36.4   25.5 8.0 % 54.1 %
Customer assets in brokerage and stock plan accounts   246.5   232.5   184.8 6.0 % 33.4 %
Sweep deposits 19.4 19.2 19.8 1.0 % (2.0)%
Savings, transaction and other   6.3   6.3   6.9 0.0 % (8.7)%
Customer assets in banking accounts   25.7   25.5   26.7 0.8 % (3.7)%
Total customer assets $ 272.2 $ 258.0 $ 211.5 5.5 % 28.7 %
 
Net new brokerage assets ($B)(2) $ 1.6 $ 1.0 $ 0.9 N.M. N.M.
Net new banking assets ($B)(2)   0.1   (0.1)   (0.0) N.M. N.M.
Net new customer assets ($B)(2) $ 1.7 $ 0.9 $ 0.9 N.M. N.M.
 
Brokerage related cash ($B) $ 40.2 $ 38.9 $ 34.2 3.3 % 17.5 %
Other customer cash and deposits ($B)   6.3   6.3   6.9 0.0 % (8.7)%
Total customer cash and deposits ($B) $ 46.5 $ 45.2 $ 41.1 2.9 % 13.1 %
 
Customer net (purchase) / sell activity ($B) $ (0.3) $ (2.3) $ (0.9) 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.

Contacts

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

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Contacts

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