E*TRADE Financial Corporation Reports Monthly Activity for May 2013; Provides Updates to Its Loan Delinquencies

E*TRADE Financial Corporation

today released its Monthly Activity Report for May 2013. Daily Average Revenue Trades (“DARTs”) for May were 162,940, a 15 percent increase from April and an 11 percent increase from the year-ago period. The Company added 32,157 gross new brokerage accounts in May, ending the month with approximately 3.0 million brokerage accounts – an increase of 15,648 from April. Total accounts ended the month at approximately 4.6 million. Net new brokerage assets were positive $1.0 billion in the month. During the month, customer security holdings increased by two percent, or $2.5 billion, and brokerage-related cash increased by $1.7 billion to $36.1 billion. Bank-related cash and deposits ended the month unchanged, at $6.7 billion. Customers were net sellers of approximately $0.8 billion in securities during the month. 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) decreased 13 percent from March 31, 2013 to May 31, 2013 and decreased eight percent from April 30, 2013 to May 31, 2013, while total “at risk” delinquencies (30 to 179 days delinquent) decreased 14 percent from March 31, 2013 to May 31, 2013 and decreased six percent from April 30, 2013 to May 31, 2013. Additional loan delinquency data is provided in the second table of this release.