E*TRADE Financial Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for January 2013.
Daily Average Revenue Trades (“DARTs”) for January were 153,580, an 18 percent increase from December and a six percent increase from the year-ago period. The Company added 31,286 gross new brokerage accounts in January, ending the month with approximately 2.9 million brokerage accounts – an increase of 9,127 from December. Total accounts ended the month at approximately 4.5 million.
Net new brokerage assets were positive $1.0 billion in the month. During the month, customer security holdings increased by 3.7 percent, or $5.1 billion, and brokerage-related cash increased by $0.3 billion to $34.2 billion, while customers were net buyers of approximately $0.3 billion in securities. Bank-related cash and deposits decreased by $0.2 billion, ending the month at $6.9 billion.
Monthly Activity Data
|Jan-13||Dec-12||Jan-12||% Chg. M/M||% Chg. Y/Y|
|DARTs||153,580||129,756||145,390||18.4 %||5.6 %|
|Gross new brokerage accounts||31,286||31,608||30,298||(1.0)%||3.3 %|
|Gross new stock plan accounts||21,310||22,410||29,569||(4.9)%||(27.9)%|
|Gross new banking accounts||980||742||1,525||32.1 %||(35.7)%|
|Total gross new accounts||53,576||54,760||61,392||(2.2)%||(12.7)%|
|Net new brokerage accounts||9,127||8,131||10,041||N.M.||N.M.|
|Net new stock plan accounts||9,114||10,080||18,234||N.M.||N.M.|
|Net new banking accounts||(2,841)||(2,689)||(2,478)||N.M.||N.M.|
|Net new accounts||15,400||15,522||25,797||N.M.||N.M.|
|End of period brokerage accounts||2,912,318||2,903,191||2,793,053||0.3 %||4.3 %|
|End of period stock plan accounts||1,156,708||1,147,594||1,088,648||0.8 %||6.3 %|
|End of period banking accounts||426,431||429,272||461,090||(0.7)%||(7.5)%|
|End of period total accounts||4,495,457||4,480,057||4,342,791||0.3 %||3.5 %|
Customer Assets ($B)
|Security holdings||$||143.8||$||138.7||$||126.5||3.7 %||13.7 %|
|Customer payables (cash)||5.1||5.0||6.1||2.0 %||(16.4)%|
|Customer cash balances held by third parties (1)||9.3||7.6||3.6||22.4 %||158.3 %|
|Unexercised stock plan customer options (vested)||25.2||21.5||22.1||17.2 %||14.0 %|
|Customer assets in brokerage and stock plan accounts||183.4||172.8||158.3||6.1 %||15.9 %|
|Sweep deposits||19.8||21.3||19.3||(7.0)%||2.6 %|
|Savings, transaction and other||6.9||7.1||7.8||(2.8)%||(11.5)%|
|Customer assets in banking accounts||26.7||28.4||27.1||(6.0)%||(1.5)%|
|Total customer assets||$||210.1||$||201.2||$||185.4||4.4 %||13.3 %|
|Net new brokerage assets ($B) (2)||$||1.0||$||1.2||$||0.7||N.M.||N.M.|
|Net new banking assets ($B) (2)||(0.2)||0.0||(0.1)||N.M.||N.M.|
|Net new customer assets ($B) (2)||$||0.8||$||1.2||$||0.6||N.M.||N.M.|
|Brokerage related cash ($B)||$||34.2||$||33.9||$||29.0||0.9 %||17.9 %|
|Other customer cash and deposits ($B)||6.9||7.1||7.8||(2.8)%||(11.5)%|
|Total customer cash and deposits ($B)||$||41.1||$||41.0||$||36.8||0.2 %||11.7 %|
|Customer net (purchase) / sell activity ($B)||$||(0.3)||$||1.1||$||0.9||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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