Company News »

E*TRADE Financial Corporation Reports Monthly Activity for April 2015

Business Wire
Share on StockTwits
Published on

E*TRADE Financial Corporation (NASDAQ:ETFC) today released its Monthly Activity Report for April 2015.

Daily Average Revenue Trades (“DARTs”) for April were 157,442, a one percent decrease from March and an eight percent decrease from the year-ago period. The Company added 37,077 gross new brokerage accounts in April, ending the month with approximately 3.2 million brokerage accounts – an increase of 8,315 from March.

Net new brokerage assets were negative $0.4 billion in the month. During the month, customer security holdings increased by one percent, or $3.1 billion, and brokerage-related cash decreased by $0.3 billion to $41.3 billion. Bank-related cash and deposits decreased by $0.3 billion, ending the month at $5.5 billion. Customers were net sellers of approximately $0.5 billion in securities during the month.

Monthly Activity Data

Apr-15 Mar-15 Apr-14 % Chg. M/M % Chg. Y/Y
Trading days 21.0 22.0 21.0 N.M. N.M.
DARTs 157,442 159,053 171,271 (1.0)% (8.1)%
Gross new brokerage accounts 37,077 39,673 40,263 (6.5)% (7.9)%
Gross new stock plan accounts 16,298 21,766 16,861 (25.1)% (3.3)%
Gross new banking accounts 425 483 801 (12.0)% (46.9)%
Total gross new accounts 53,800 61,922 57,925 (13.1)% (7.1)%
Net new brokerage accounts 8,315 10,967 12,358 N.M. N.M.
Net new stock plan accounts (1,759) 4,219 2,696 N.M. N.M.
Net new banking accounts (2,320) (2,235) (2,735) N.M. N.M.
Net new accounts 4,236 12,951 12,319 N.M. N.M.
End of period brokerage accounts 3,190,954 3,182,639 3,082,319 0.3 % 3.5 %
End of period stock plan accounts 1,271,709 1,273,468 1,231,091 (0.1)% 3.3 %
End of period banking accounts 354,553 356,873 384,813 (0.7)% (7.9)%
End of period total accounts 4,817,216 4,812,980 4,698,223 0.1 % 2.5 %

Customer Assets ($B)

Security holdings $ 216.9 $ 213.8 $ 187.9 1.4 % 15.4 %
Customer payables (cash) 6.6 6.3 5.9 4.8 % 11.9 %
Customer assets held by third parties(1) 14.0 14.8 13.9 (5.4)% 0.7 %
Sweep deposits 20.7 20.5 19.0 1.0 % 8.9 %
Brokerage customer assets 258.2 255.4 226.7 1.1 % 13.9 %
Unexercised stock plan customer holdings (vested) 38.3 38.2 33.5 0.3 % 14.3 %
Savings, checking and other banking customer assets 5.5 5.8 6.1 (5.2)% (9.8)%
Total customer assets $ 302.0 $ 299.4 $ 266.3 0.9 % 13.4 %
Net new brokerage assets ($B)(2) $ (0.4) $ 1.2 $ (0.7) N.M. N.M.
Net new banking assets ($B)(2) (0.2) 0.0 (0.2) N.M. N.M.
Net new customer assets ($B)(2) $ (0.6) $ 1.2 $ (0.9) N.M. N.M.
Brokerage related cash ($B) $ 41.3 $ 41.6 $ 38.8 (0.7)% 6.4 %
Other customer cash and deposits ($B) 5.5 5.8 6.1 (5.2)% (9.8)%
Total customer cash and deposits ($B) $ 46.8 $ 47.4 $ 44.9 (1.3)% 4.2 %
Customer net (buy) / sell activity ($B) $ 0.5 $ (1.9) $ (0.7) 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. 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, we maintain the ability to bring the majority of these customer assets back on the balance sheet with appropriate notification to the third parties
(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 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

(c) 2015 E*TRADE Financial Corporation. All rights reserved.

Share on StockTwits