NEW YORK--(BUSINESS WIRE)--E*TRADE Financial Corporation (NASDAQ:ETFC) today released its Monthly Activity Report for May 2016.
Daily Average Revenue Trades ("DARTs") for May were 149,475, a six percent decrease from April and a one percent decrease from the year-ago period. The Company added 30,607 gross new brokerage accounts in May and ended the month with approximately 3.3 million brokerage accounts — an increase of 8,448 from April.
Net new brokerage assets were $1.2 billion in the month. During the month, customer security holdings increased two percent, or $3.5 billion, and brokerage-related cash increased by $0.6 billion to $43.2 billion. Bank-related cash and deposits remained flat, ending the month at $5.3 billion. Customers were net buyers of approximately $0.4 billion in securities during the month.
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Monthly Activity Data |
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| May-16 | Apr-16 | May-15 | % Chg. M/M | % Chg. Y/Y | ||||||||||||||||||||||
| Trading days | 21.0 | 21.0 | 20.0 | N.M. | N.M. | |||||||||||||||||||||
| DARTs | 149,475 | 159,215 | 151,444 | (6.1)% | (1.3)% | |||||||||||||||||||||
| Gross new brokerage accounts | 30,607 | 34,724 | 27,865 | (11.9)% | 9.8% | |||||||||||||||||||||
| Gross new stock plan accounts | 19,953 | 25,202 | 26,358 | (20.8)% | (24.3)% | |||||||||||||||||||||
| Gross new banking accounts | 453 | 337 | 360 | 34.4% | 25.8% | |||||||||||||||||||||
| Total gross new accounts | 51,013 | 60,263 | 54,583 | (15.3)% | (6.5)% | |||||||||||||||||||||
| Net new brokerage accounts(1) | 8,448 | 10,866 | 7,141 | N.M. | N.M. | |||||||||||||||||||||
| Net new stock plan accounts | (1,187 | ) | 11,822 | 13,170 | N.M. | N.M. | ||||||||||||||||||||
| Net new banking accounts | (1,743 | ) | (1,727 | ) | (1,437 | ) | N.M. | N.M. | ||||||||||||||||||
| Net new accounts | 5,518 | 20,961 | 18,874 | N.M. | N.M. | |||||||||||||||||||||
| End of period brokerage accounts(1) | 3,273,314 | 3,264,866 | 3,198,095 | 0.3% | 2.4% | |||||||||||||||||||||
| End of period stock plan accounts | 1,435,200 | 1,436,387 | 1,284,879 | (0.1)% | 11.7% | |||||||||||||||||||||
| End of period banking accounts | 332,081 | 333,824 | 353,116 | (0.5)% | (6.0)% | |||||||||||||||||||||
| End of period total accounts | 5,040,595 | 5,035,077 | 4,836,090 | 0.1% | 4.2% | |||||||||||||||||||||
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Customer Assets ($B) |
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| Security holdings | $ | 209.1 | $ | 205.6 | $ | 220.6 | 1.7% | (5.2)% | ||||||||||||||||||
| Sweep deposits | 26.6 | 26.4 | 20.7 | 0.8% | 28.5% | |||||||||||||||||||||
| Customer payables (cash) | 6.9 | 6.9 | 6.6 | 0.0% | 4.5% | |||||||||||||||||||||
| Customer assets held by third parties(2) | 9.7 | 9.3 | 14.7 | 4.3% | (34.0)% | |||||||||||||||||||||
| Brokerage customer assets | 252.3 | 248.2 | 262.6 | 1.7% | (3.9)% | |||||||||||||||||||||
| Unexercised stock plan customer holdings (vested) | 30.1 | 31.4 | 39.8 | (4.1)% | (24.4)% | |||||||||||||||||||||
| Savings, checking and other banking customer assets | 5.3 | 5.3 | 5.6 | 0.0% | (5.4)% | |||||||||||||||||||||
| Total customer assets | $ | 287.7 | $ | 284.9 | $ | 308.0 | 1.0% | (6.6)% | ||||||||||||||||||
| Net new brokerage assets(3) | $ | 1.2 | $ | (0.4 | ) | $ | 1.0 | N.M. | N.M. | |||||||||||||||||
| Net new banking assets(3) | (0.1 | ) | (0.1 | ) | 0.0 | N.M. | N.M. | |||||||||||||||||||
| Net new customer assets(3) | $ | 1.1 | $ | (0.5 | ) | $ | 1.0 | N.M. | N.M. | |||||||||||||||||
| Brokerage related cash | $ | 43.2 | $ | 42.6 | $ | 42.0 | 1.4% | 2.9% | ||||||||||||||||||
| Other customer cash and deposits | 5.3 | 5.3 | 5.6 | 0.0% | (5.4)% | |||||||||||||||||||||
| Total customer cash and deposits | $ | 48.5 | $ | 47.9 | $ | 47.6 | 1.3% | 1.9% | ||||||||||||||||||
| Customer net (buy) / sell activity | $ | (0.4 | ) | $ | 0.2 | $ | (0.2 | ) | N.M. | N.M. | ||||||||||||||||
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(1) Net new brokerage and end of period accounts in May 2015
include the closure of 1,314 accounts related to the shutdown of |
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(2) Customer assets held by third parties are held outside E*TRADE
Financial and include money market funds |
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(3) Net new customer assets are total inflows to all new and
existing customer accounts less total outflows |
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
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