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.

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