E*TRADE Financial Corporation ETFC today released its Monthly Activity Report for May 2016.
Daily Average Revenue Trades ("DARTs") for May were 149,475, a six percent decrease from April and a one percent decrease from the year-ago period. The Company added 30,607 gross new brokerage accounts in May and ended the month with approximately 3.3 million brokerage accounts — an increase of 8,448 from April.
Net new brokerage assets were $1.2 billion in the month. During the month, customer security holdings increased two percent, or $3.5 billion, and brokerage-related cash increased by $0.6 billion to $43.2 billion. Bank-related cash and deposits remained flat, ending the month at $5.3 billion. Customers were net buyers of approximately $0.4 billion in securities during the month.
Monthly Activity Data |
||||||||||||||||||||||||||
May-16 | Apr-16 | May-15 | % Chg. M/M | % Chg. Y/Y | ||||||||||||||||||||||
Trading days | 21.0 | 21.0 | 20.0 | N.M. | N.M. | |||||||||||||||||||||
DARTs | 149,475 | 159,215 | 151,444 | (6.1)% | (1.3)% | |||||||||||||||||||||
Gross new brokerage accounts | 30,607 | 34,724 | 27,865 | (11.9)% | 9.8% | |||||||||||||||||||||
Gross new stock plan accounts | 19,953 | 25,202 | 26,358 | (20.8)% | (24.3)% | |||||||||||||||||||||
Gross new banking accounts | 453 | 337 | 360 | 34.4% | 25.8% | |||||||||||||||||||||
Total gross new accounts | 51,013 | 60,263 | 54,583 | (15.3)% | (6.5)% | |||||||||||||||||||||
Net new brokerage accounts(1) | 8,448 | 10,866 | 7,141 | N.M. | N.M. | |||||||||||||||||||||
Net new stock plan accounts | (1,187 | ) | 11,822 | 13,170 | N.M. | N.M. | ||||||||||||||||||||
Net new banking accounts | (1,743 | ) | (1,727 | ) | (1,437 | ) | N.M. | N.M. | ||||||||||||||||||
Net new accounts | 5,518 | 20,961 | 18,874 | N.M. | N.M. | |||||||||||||||||||||
End of period brokerage accounts(1) | 3,273,314 | 3,264,866 | 3,198,095 | 0.3% | 2.4% | |||||||||||||||||||||
End of period stock plan accounts | 1,435,200 | 1,436,387 | 1,284,879 | (0.1)% | 11.7% | |||||||||||||||||||||
End of period banking accounts | 332,081 | 333,824 | 353,116 | (0.5)% | (6.0)% | |||||||||||||||||||||
End of period total accounts | 5,040,595 | 5,035,077 | 4,836,090 | 0.1% | 4.2% | |||||||||||||||||||||
Customer Assets ($B) |
||||||||||||||||||||||||||
Security holdings | $ | 209.1 | $ | 205.6 | $ | 220.6 | 1.7% | (5.2)% | ||||||||||||||||||
Sweep deposits | 26.6 | 26.4 | 20.7 | 0.8% | 28.5% | |||||||||||||||||||||
Customer payables (cash) | 6.9 | 6.9 | 6.6 | 0.0% | 4.5% | |||||||||||||||||||||
Customer assets held by third parties(2) | 9.7 | 9.3 | 14.7 | 4.3% | (34.0)% | |||||||||||||||||||||
Brokerage customer assets | 252.3 | 248.2 | 262.6 | 1.7% | (3.9)% | |||||||||||||||||||||
Unexercised stock plan customer holdings (vested) | 30.1 | 31.4 | 39.8 | (4.1)% | (24.4)% | |||||||||||||||||||||
Savings, checking and other banking customer assets | 5.3 | 5.3 | 5.6 | 0.0% | (5.4)% | |||||||||||||||||||||
Total customer assets | $ | 287.7 | $ | 284.9 | $ | 308.0 | 1.0% | (6.6)% | ||||||||||||||||||
Net new brokerage assets(3) | $ | 1.2 | $ | (0.4 | ) | $ | 1.0 | N.M. | N.M. | |||||||||||||||||
Net new banking assets(3) | (0.1 | ) | (0.1 | ) | 0.0 | N.M. | N.M. | |||||||||||||||||||
Net new customer assets(3) | $ | 1.1 | $ | (0.5 | ) | $ | 1.0 | N.M. | N.M. | |||||||||||||||||
Brokerage related cash | $ | 43.2 | $ | 42.6 | $ | 42.0 | 1.4% | 2.9% | ||||||||||||||||||
Other customer cash and deposits | 5.3 | 5.3 | 5.6 | 0.0% | (5.4)% | |||||||||||||||||||||
Total customer cash and deposits | $ | 48.5 | $ | 47.9 | $ | 47.6 | 1.3% | 1.9% | ||||||||||||||||||
Customer net (buy) / sell activity | $ | (0.4 | ) | $ | 0.2 | $ | (0.2 | ) | N.M. | N.M. |
(1) Net new brokerage and end of period accounts in May 2015
include the closure of 1,314 accounts related to the shutdown of |
(2) Customer assets held by third parties are held outside E*TRADE
Financial and include money market funds |
(3) Net new customer assets are total inflows to all new and
existing customer accounts less total outflows |
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. 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
© 2016 E*TRADE Financial Corporation. All rights reserved.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160613005879/en/
E*TRADE Media Relations
Thayer
Fox, 646-521-4418
thayer.fox@etrade.com
or
E*TRADE
Investor Relations
Brett Goodman, 646-521-4406
brett.goodman@etrade.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.