This Day On The Street
Continue to site
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

E*TRADE Financial Corporation Reports Monthly Activity For November 2012; Provides Updates To Its Loan Delinquencies

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

Daily Average Revenue Trades (“DARTs”) for November were 130,202, a five percent increase from October and an eight percent decrease from the year-ago period. The Company added 26,312 gross new brokerage accounts in November, ending the month with approximately 2.9 million brokerage accounts – an increase of 7,361 from October. Total accounts ended the month at approximately 4.5 million.

Net new brokerage assets were positive $0.8 billion in the month. During the month, customer security holdings increased by one percent, or $1.3 billion, and brokerage-related cash increased by $0.2 billion to $31.9 billion, while customers were net buyers of approximately $0.3 billion in securities. Bank-related cash and deposits ended the month unchanged, at $7.1 billion.

The Company also updated delinquency statistics in its loan portfolio. For the Company’s entire loan portfolio; total special mention delinquencies (30 to 89 days delinquent) increased three percent from September 30, 2012 to November 30, 2012 and decreased two percent from October 31, 2012 to November 30, 2012, while total “at risk” delinquencies (30 to 179 days delinquent) increased two percent from September 30, 2012 to November 30, 2012 and decreased two percent from October 31, 2012 to November 30, 2012. Additional loan delinquency data is provided in the second table of this release.
                       

Monthly Activity Data
Nov-12 Oct-12 Nov-11 % Chg. M/M % Chg. Y/Y
 
 
Trading days 20.5 21.0 20.5 N.M. N.M.
 
DARTs 130,202 124,246 141,361 4.8 % (7.9)%
 
Gross new brokerage accounts 26,312 23,365 24,541 12.6 % 7.2 %
Gross new stock plan accounts 27,360 14,164 11,383 93.2 % 140.4 %
Gross new banking accounts   782   857   1,391 (8.8)% (43.8)%
Total gross new accounts 54,454 38,386 37,315 41.9 % 45.9 %
 
Net new brokerage accounts 7,361 (5,153) 207 N.M. N.M.
Net new stock plan accounts 16,423 2,251 (781) N.M. N.M.
Net new banking accounts   (2,315)   (3,608)   (3,541) N.M. N.M.
Net new accounts 21,469 (6,510) (4,115) N.M. N.M.
 
End of period brokerage accounts 2,895,060 2,887,699 2,772,187 0.3 % 4.4 %
End of period stock plan accounts 1,137,514 1,121,091 1,062,904 1.5 % 7.0 %
End of period banking accounts   431,961   434,276   466,024 (0.5)% (7.3)%
End of period total accounts 4,464,535 4,443,066 4,301,115 0.5 % 3.8 %
 

Customer Assets ($B)
Security holdings $ 139.9 $ 138.6 $ 120.1 0.9 % 16.5 %
Customer payables (cash) 5.6 5.5 5.1 1.8 % 9.8 %
Customer cash balances held by third parties (1) 6.0 5.9 3.3 1.7 % 81.8 %
Unexercised stock plan customer options (vested)   22.1   21.3   19.1 3.8 % 15.7 %
Customer assets in brokerage and stock plan accounts   173.6   171.3   147.6 1.3 % 17.6 %
Sweep deposits 20.3 20.3 17.9 0.0 % 13.4 %
Savings, transaction and other   7.1   7.1   7.8 0.0 % (9.0)%
Customer assets in banking accounts   27.4   27.4   25.7 0.0 % 6.6 %
Total customer assets $ 201.0 $ 198.7 $ 173.3 1.2 % 16.0 %
 
Net new brokerage assets ($B) (2) $ 0.8 $ 0.3 $ 0.6 N.M. N.M.
Net new banking assets ($B) (2)   (0.0)   (0.1)   (0.1) N.M. N.M.
Net new customer assets ($B) (2) $ 0.8 $ 0.2 $ 0.5 N.M. N.M.
 
Brokerage related cash ($B) $ 31.9 $ 31.7 $ 26.3 0.6 % 21.3 %
Other customer cash and deposits ($B)   7.1   7.1   7.8 0.0 % (9.0)%
Total customer cash and deposits ($B) $ 39.0 $ 38.8 $ 34.1 0.5 % 14.4 %
 
Customer net (purchase) / sell activity ($B) $ (0.3) $ (1.3) $ (1.6) N.M. N.M.

(1) Customer cash balances held by third parties are held outside E*TRADE Financial and include money market funds and sweep deposit accounts at unaffiliated financial institutions.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,619.51 +23.16 0.13%
S&P 500 2,063.12 +5.48 0.27%
NASDAQ 4,986.8670 +28.3990 0.57%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs