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E*TRADE Financial Corporation Reports Monthly Activity For January 2014

E*TRADE Financial Corporation (NASDAQ:ETFC) today released its Monthly Activity Report for January 2014.

Daily Average Revenue Trades (“DARTs”) for January were 195,652, a 26 percent increase from December and a 27 percent increase from the year-ago period. The Company added 41,367 gross new brokerage accounts in January, ending the month with approximately 3.0 million brokerage accounts – an increase of 18,858 from December.

Net new brokerage assets were $1.0 billion in the month. During the month, customer security holdings decreased by one percent, or $1.8 billion, and brokerage-related cash decreased by $0.8 billion to $38.9 billion. Bank-related cash and deposits decreased by $0.1 billion, ending the month at $6.3 billion. Customers were net buyers of approximately $2.3 billion in securities during the month.

(more)

 

Monthly Activity Data

             
Jan-14 Dec-13 Jan-13 % Chg. M/M % Chg. Y/Y
 
 
Trading days 21.0 20.5 21.0 N.M. N.M.
 
DARTs 195,652 155,764 153,580 25.6 % 27.4 %
 
Gross new brokerage accounts 41,367 29,085 31,286 42.2 % 32.2 %
Gross new stock plan accounts 20,776 20,530 21,310 1.2 % (2.5)%
Gross new banking accounts   898   781   980 15.0 % (8.4)%
Total gross new accounts 63,041 50,396 53,576 25.1 % 17.7 %
 
Net new brokerage accounts 18,858 7,117 9,127 N.M. N.M.
Net new stock plan accounts 4,899 6,329 9,114 N.M. N.M.
Net new banking accounts   (3,637)   (3,977)   (2,841) N.M. N.M.
Net new accounts 20,120 9,469 15,400 N.M. N.M.
 
End of period brokerage accounts 3,016,917 2,998,059 2,912,318 0.6 % 3.6 %
End of period stock plan accounts 1,224,472 1,219,573 1,156,708 0.4 % 5.9 %
End of period banking accounts   392,501   396,138   426,431 (0.9)% (8.0)%
End of period total accounts 4,633,890 4,613,770 4,495,457 0.4 % 3.1 %
 

Customer Assets ($B)

Security holdings $ 176.4 $ 178.2 $ 143.8 (1.0)% 22.7 %
Customer payables (cash) 6.1 6.3 5.1 (3.2)% 19.6 %

Customer assets held by third parties (1)

13.6 13.8 9.3 (1.4)% 46.2 %
Unexercised stock plan customer options (vested)   36.4   36.5   25.2 (0.3)% 44.4 %
Customer assets in brokerage and stock plan accounts   232.5   234.8   183.4 (1.0)% 26.8 %
Sweep deposits 19.2 19.6 19.8 (2.0)% (3.0)%
Savings, transaction and other   6.3   6.4   6.9 (1.6)% (8.7)%
Customer assets in banking accounts   25.5   26.0   26.7 (1.9)% (4.5)%
Total customer assets $ 258.0 $ 260.8 $ 210.1 (1.1)% 22.8 %
 

Net new brokerage assets ($B) (2)

$ 1.0 $ 0.9 $ 1.0 N.M. N.M.

Net new banking assets ($B) (2)

  (0.1)   (0.0)   (0.2) N.M. N.M.

Net new customer assets ($B) (2)

$ 0.9 $ 0.9 $ 0.8 N.M. N.M.
 
Brokerage related cash ($B) $ 38.9 $ 39.7 $ 34.2 (2.0)% 13.7 %
Other customer cash and deposits ($B)   6.3   6.4   6.9 (1.6)% (8.7)%
Total customer cash and deposits ($B) $ 45.2 $ 46.1 $ 41.1 (2.0)% 10.0 %
 
Customer net (purchase) / sell activity ($B) $ (2.3) $ 0.2 $ (0.3) N.M. N.M.
 

(1) Customer assets 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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