This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

E*TRADE Financial Corporation Reports Monthly Activity For January 2012

Stocks in this article: ETFC

E*TRADE Financial Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for January 2012.

Daily Average Revenue Trades (“DARTs”) for January were 145,390, a 20 percent increase from December and a 20 percent decrease from the year-ago period. The company added 30,298 gross new brokerage accounts in January, ending the month with approximately 2.8 million brokerage accounts – an increase of 10,041 from December. Total accounts ended the month at approximately 4.3 million.

Net new brokerage assets were positive $0.7 billion in the month. During the month, customer security holdings increased by seven percent, or $8.4 billion, and brokerage-related cash increased by $1.3 billion to $29.0 billion, as customers were net sellers of approximately $0.9 billion in securities. Bank-related cash and deposits ended the month unchanged, at $7.8 billion.

Monthly Activity Data

                     
Jan-12 Dec-11 Jan-11 % Chg. M/M % Chg. Y/Y
 
 
Trading days 20.0 21.0 20.0 N.M. N.M.
 
DARTs 145,390 121,135 180,967 20.0 % (19.7)%
 
Gross new brokerage accounts 30,298 28,689 37,005 5.6 % (18.1)%
Gross new stock plan accounts 29,569 17,272 29,267 71.2 % 1.0 %
Gross new banking accounts   1,525   1,409   1,942 8.2 % (21.5)%
Total gross new accounts 61,392 47,370 68,214 29.6 % (10.0)%
 
Net new brokerage accounts 10,041 10,825 12,504 N.M. N.M.
Net new stock plan accounts 18,234 7,510 16,201 N.M. N.M.
Net new banking accounts   (2,478)   (2,456)   (6,275) N.M. N.M.
Net new accounts 25,797 15,879 22,430 N.M. N.M.
 
End of period brokerage accounts 2,793,053 2,783,012 2,696,815 0.4 % 3.6 %
End of period stock plan accounts 1,088,648 1,070,414 1,064,725 1.7 % 2.2 %
End of period banking accounts   461,090   463,568   508,722 (0.5)% (9.4)%
End of period total accounts 4,342,791 4,316,994 4,270,262 0.6 % 1.7 %
 

Customer Assets ($B)

Security holdings $ 126.5 $ 118.1 $ 124.3 7.1 % 1.8 %
Customer payables (cash) 6.1 5.6 5.3 8.9 % 15.1 %
Customer cash balances held by third parties 3.6 3.5 3.4 2.9 % 5.9 %
Unexercised stock plan customer options (vested)   22.1   18.8   23.0 17.6 % (3.9)%
Customer assets in brokerage and stock plan accounts   158.3   146.0   156.0 8.4 % 1.5 %
Sweep deposits 19.3 18.6 16.5 3.8 % 17.0 %
Savings, transaction and other   7.8   7.8   8.8 0.0 % (11.4)%
Customer assets in banking accounts   27.1   26.4   25.3 2.7 % 7.1 %
Total customer assets $ 185.4 $ 172.4 $ 181.3 7.5 % 2.3 %
 
Net new brokerage assets ($B) (1) $ 0.7 $ 0.5 $ 1.2 N.M. N.M.
Net new banking assets ($B) (1)   (0.1)   0.1   (0.2) N.M. N.M.
Net new customer assets ($B) (1) $ 0.6 $ 0.6 $ 1.0 N.M. N.M.
 
Brokerage related cash ($B) $ 29.0 $ 27.7 $ 25.2 4.7 % 15.1 %
Other customer cash and deposits ($B)   7.8   7.8   8.8 0.0 % (11.4)%
Total customer cash and deposits ($B) $ 36.8 $ 35.5 $ 34.0 3.7 % 8.2 %
 
Customer net (purchase) / sell activity ($B) $ 0.9 $ 1.6 $ (0.7) N.M. N.M.
 

(1) 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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs