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E*TRADE Financial Corporation Reports Monthly Activity For July 2014

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

Daily Average Revenue Trades (“DARTs”) for July were 153,671, a five percent increase from June and a nine percent increase from the year-ago period. The Company added 29,665 gross new brokerage accounts in July, ending the month with approximately 3.1 million brokerage accounts – an increase of 3,571 from June.

Net new brokerage assets were $0.4 billion in the month. During the month, customer security holdings decreased by 1.2 percent, or $2.3 billion, and brokerage-related cash ended the month unchanged at $40.0 billion. Bank-related cash and deposits decreased by $0.1 billion, ending the month at $5.9 billion. Customers were net buyers of approximately $0.7 billion in securities during the month.
         

Monthly Activity Data
 
Jul-14 Jun-14 Jul-13 % Chg. M/M % Chg. Y/Y
 
 
Trading days 21.5 21.0 21.5 N.M. N.M.
 
DARTs 153,671 146,648 140,898 4.8 % 9.1 %
 
Gross new brokerage accounts 29,665 29,302 25,030 1.2 % 18.5 %
Gross new stock plan accounts 25,017 24,496 20,310 2.1 % 23.2 %
Gross new banking accounts   660   624   852 5.8 % (22.5)%
Total gross new accounts 55,342 54,422 46,192 1.7 % 19.8 %
 
Net new brokerage accounts 3,571 7,057 (1,859) N.M. N.M.
Net new stock plan accounts 9,716 12,415 5,691 N.M. N.M.
Net new banking accounts   (2,439)   (3,389)   (2,497) N.M. N.M.
Net new accounts 10,848 16,083 1,335 N.M. N.M.
 
End of period brokerage accounts 3,106,537 3,102,966 2,960,872 0.1 % 4.9 %
End of period stock plan accounts 1,255,898 1,246,182 1,191,498 0.8 % 5.4 %
End of period banking accounts   376,868   379,307   411,099 (0.6)% (8.3)%
End of period total accounts 4,739,303 4,728,455 4,563,469 0.2 % 3.9 %
 

Customer Assets ($B)
Security holdings $ 195.5 $ 197.8 $ 159.1 (1.2)% 22.9 %
Customer payables (cash) 6.6 6.6 5.6 0.0 % 17.9 %

Customer assets held by third parties (1)
14.3 14.3 11.8 0.0 % 21.2 %
Unexercised stock plan customer holdings (vested)   35.8   37.1   31.7 (3.5)% 12.9 %
Customer assets in brokerage and stock plan accounts   252.2   255.8   208.2 (1.4)% 21.1 %
Sweep deposits 19.1 19.1 19.4 0.0 % (1.5)%
Savings, transaction and other   5.9   6.0   6.5 (1.7)% (9.2)%
Customer assets in banking accounts   25.0   25.1   25.9 (0.4)% (3.5)%
Total customer assets $ 277.2 $ 280.9 $ 234.1 (1.3)% 18.4 %
 

Net new brokerage assets ($B) (2)
$ 0.4 $ 0.5 $ 0.6 N.M. N.M.

Net new banking assets ($B) (2)
  (0.1)   (0.1)   (0.1) N.M. N.M.

Net new customer assets ($B) (2)
$ 0.3 $ 0.4 $ 0.5 N.M. N.M.
 
Brokerage related cash ($B) $ 40.0 $ 40.0 $ 36.8 0.0 % 8.7 %
Other customer cash and deposits ($B)   5.9   6.0   6.5 (1.7)% (9.2)%
Total customer cash and deposits ($B) $ 45.9 $ 46.0 $ 43.3 (0.2)% 6.0 %
 
Customer net (purchase) / sell activity ($B) $ (0.7) $ (0.2) $ 0.9 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.
(2) Net new customer assets are total inflows to all new and existing customer accounts less total outflows from all closed and existing customer accounts. The net new banking assets and net new brokerage assets metrics treat asset flows between E*TRADE entities in the same manner as unrelated third party accounts.
 

Historical metrics and financials can be found on E*TRADE Financial’s corporate website at https://about.etrade.com.

About E*TRADE Financial

E*TRADE Financial and its subsidiaries provide financial services including online brokerage and related banking products and services to retail investors. Specific business segments include Trading and Investing and Balance Sheet Management. Securities products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Bank products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries. More information is available at www.etrade.com.

Important Notices

E*TRADE Financial, E*TRADE and the E*TRADE logo are trademarks or registered trademarks of E*TRADE Financial Corporation. ETFC-G

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