E*TRADE Financial Corporation Reports Monthly Activity for November 2015

NEW YORK--()--E*TRADE Financial Corporation (NASDAQ:ETFC) today released its Monthly Activity Report for November 2015.

Daily Average Revenue Trades ("DARTs") for November were 148,777, a three percent increase from October and a nine percent decrease from the year-ago period. The Company added 27,698 gross new brokerage accounts in November and ended the month with approximately 3.2 million brokerage accounts — an increase of 7,255 from October.

Net new brokerage assets were $1.0 billion in the month. During the month, customer security holdings increased by $0.1 billion, and brokerage-related cash increased by $0.7 billion to $41.7 billion. Bank-related cash and deposits ended the month unchanged at $5.3 billion. Customers were net buyers of approximately $0.2 billion in securities during the month.

                   

Monthly Activity Data

 
Nov-15 Oct-15 Nov-14 % Chg. M/M % Chg. Y/Y
Trading days 19.5 22.0 18.5 N.M. N.M.
 
DARTs 148,777 144,607 163,045 2.9 % (8.8 )%
 
Gross new brokerage accounts 27,698 24,227 26,805 14.3 % 3.3 %
Gross new stock plan accounts 22,292 39,860 16,233 (44.1

)%

37.3 %
Gross new banking accounts 355   345   493   2.9 % (28.0 )%
Total gross new accounts 50,345 64,432 43,531 (21.9 )% 15.7 %
 
Net new brokerage accounts(1) 7,255 363 8,761 N.M. N.M.
Net new stock plan accounts 6,961 26,055 1,159 N.M. N.M.
Net new banking accounts (1,281 ) (1,396 ) (1,665 ) N.M. N.M.
Net new accounts 12,935 25,022 8,255 N.M. N.M.
 
End of period brokerage accounts(1) 3,211,149 3,203,894 3,137,149 0.2 % 2.4 %
End of period stock plan accounts 1,391,486 1,384,525 1,267,724 0.5 % 9.8 %
End of period banking accounts 341,412   342,693   368,181   (0.4 )% (7.3 )%
End of period total accounts 4,944,047 4,931,112 4,773,054 0.3 % 3.6 %
 

Customer Assets ($B)

Security holdings $ 211.2 $ 211.1 $ 208.8 0.0 % 1.1 %
Customer payables (cash) 6.6 6.4 6.6 3.1 % 0.0 %
Customer assets held by third parties(2) 12.3 13.0 15.1 (5.4 )% (18.5 )%
Sweep deposits 22.8   21.6   19.1   5.6 % 19.4 %
Brokerage customer assets 252.9   252.1   249.6   0.3 % 1.3 %
Unexercised stock plan customer holdings (vested) 37.7 37.3 38.7 1.1 % (2.6 )%
Savings, checking and other banking customer assets 5.3   5.3   5.8   0.0 % (8.6 )%
Total customer assets 295.9   294.7   294.1   0.4 % 0.6 %
 
Net new brokerage assets ($B)(3) $ 1.0 $ 0.5 $ 1.0 N.M. N.M.
Net new banking assets ($B)(3) 0.0   0.0   0.0   N.M. N.M.
Net new customer assets ($B)(3) $ 1.0 $ 0.5 $ 1.0 N.M. N.M.
 
Brokerage related cash ($B) $ 41.7 $ 41.0 $ 40.8 1.7 % 2.2 %
Other customer cash and deposits ($B) 5.3   5.3   5.8   0.0 % (8.6 )%
Total customer cash and deposits ($B) $ 47.0 $ 46.3 $ 46.6 1.5 % 0.9 %
 
Customer net (buy) / sell activity ($B) $ (0.2 ) $ 0.9 $ (0.2 ) N.M. N.M.
 

(1)

 

Net new brokerage accounts include the closure of 1,621 accounts in November 2015 and 753 accounts in October 2015 related to the shutdown of the Company's global trading platform.

(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. Customer assets held by third parties are not reflected in the Company's consolidated balance sheet and are not immediately available for liquidity purposes. However, the Company maintains the ability to transfer the majority of these customer assets to its balance sheet with notification to the third party institutions and customer consent, as appropriate.

(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 brokerage assets and net new banking 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. 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

© 2015 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

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