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 $7.1 billion.
The Company also updated delinquency statistics in its loan portfolio. For the Company’s entire loan portfolio; total special mention delinquencies (30 to 89 days delinquent) increased three percent from September 30, 2012 to November 30, 2012 and decreased two percent from October 31, 2012 to November 30, 2012, while total “at risk” delinquencies (30 to 179 days delinquent) increased two percent from September 30, 2012 to November 30, 2012 and decreased two percent from October 31, 2012 to November 30, 2012. Additional loan delinquency data is provided in the second table of this release.
|Monthly Activity Data|
|Nov-12||Oct-12||Nov-11||% Chg. M/M||% Chg. Y/Y|
|Gross new brokerage accounts||26,312||23,365||24,541||12.6 %||7.2 %|
|Gross new stock plan accounts||27,360||14,164||11,383||93.2 %||140.4 %|
|Gross new banking accounts||782||857||1,391||(8.8)%||(43.8)%|
|Total gross new accounts||54,454||38,386||37,315||41.9 %||45.9 %|
|Net new brokerage accounts||7,361||(5,153)||207||N.M.||N.M.|
|Net new stock plan accounts||16,423||2,251||(781)||N.M.||N.M.|
|Net new banking accounts||(2,315)||(3,608)||(3,541)||N.M.||N.M.|
|Net new accounts||21,469||(6,510)||(4,115)||N.M.||N.M.|
|End of period brokerage accounts||2,895,060||2,887,699||2,772,187||0.3 %||4.4 %|
|End of period stock plan accounts||1,137,514||1,121,091||1,062,904||1.5 %||7.0 %|
|End of period banking accounts||431,961||434,276||466,024||(0.5)%||(7.3)%|
|End of period total accounts||4,464,535||4,443,066||4,301,115||0.5 %||3.8 %|
|Customer Assets ($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.|
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