E*TRADE Financial Corporation Reports Monthly Activity for May 2015 

E*TRADE Financial Corporation (NASDAQ:ETFC) today released its Monthly Activity Report forMay 2015.

Daily Average Revenue Trades (“DARTs”) for May were 151,444, a four percent decrease from April and a three percent increase from the year-ago period. The Company added 27,865 gross new brokerage accounts in May, ending the month with approximately 3.2 million brokerage accounts — an increase of 7,141 from April.

Net new brokerage assets were $1.0 billion in the month. During the month, customer security holdings increased by two percent, or$3.7 billion, and brokerage-related cash increased by $0.7 billion to $42.0 billion. Bank-related cash and deposits increased by $0.1 billion, ending the month at $5.6 billion. Customers were net buyers of approximately $0.2 billion in securities during the month.

Monthly Activity Data
				May-15				Apr-15				May-14				% Chg. M/M		% Chg. Y/Y
Trading days					20.0				21.0				21.0			N.M.		N.M.
DARTs					151,444				157,442				147,661			(3.8)%		2.6%
Gross new brokerage accounts					27,865				37,077				29,571			(24.8)%		(5.8)%
Gross new stock plan accounts					26,358				16,298				17,727			61.7%		48.7%
Gross new banking accounts					360				425				576			(15.3)%		(37.5)%
Total gross new accounts					54,583				53,800				47,874			1.5%		14.0%
Net new brokerage accounts(1)					7,141				8,315				13,590			N.M.		N.M.
Net new stock plan accounts					13,170				(1,759	)			2,676			N.M.		N.M.
Net new banking accounts					(1,437	)			(2,320	)			(2,117	)		N.M.		N.M.
Net new accounts					18,874				4,236				14,149			N.M.		N.M.
End of period brokerage accounts(1)					3,198,095				3,190,954				3,095,909			0.2%		3.3%
End of period stock plan accounts					1,284,879				1,271,709				1,233,767			1.0%		4.1%
End of period banking accounts					353,116				354,553				382,696			(0.4)%		(7.7)%
End of period total accounts					4,836,090				4,817,216				4,712,372			0.4%		2.6%
Customer Assets ($B)
Security holdings				$	220.6			$	216.9			$	191.8			1.7%		15.0%
Customer payables (cash)					6.6				6.6				6.5			0.0%		1.5%
Customer assets held by third parties(2)					14.7				14.0				14.2			5.0%		3.5%
Sweep deposits					20.7				20.7				19.2			0.0%		7.8%
Brokerage customer assets					262.6				258.2				231.7			1.7%		13.3%
Unexercised stock plan customer holdings (vested)					39.8				38.3				34.3			3.9%		16.0%
Savings, checking and other banking customer assets					5.6				5.5				6.1			1.8%		(8.2)%
Total customer assets				$	308.0			$	302.0			$	272.1			2.0%		13.2%
Net new brokerage assets ($B)(3)				$	1.0			$	(0.4	)		$	1.2			N.M.		N.M.
Net new banking assets ($B)(3)					–				(0.2	)			(0.0	)		N.M.		N.M.
Net new customer assets ($B)(3)				$	1.0			$	(0.6	)		$	1.2			N.M.		N.M.
Brokerage related cash ($B)				$	42.0			$	41.3			$	39.9			1.7%		5.3%
Other customer cash and deposits ($B)					5.6				5.5				6.1			1.8%		(8.2)%
Total customer cash and deposits ($B)				$	47.6			$	46.8			$	46.0			1.7%		3.5%
Customer net (buy) / sell activity ($B)				$	(0.2	)		$	0.5			$	0.5			N.M.		N.M.

(1) In May 2015, net new brokerage accounts and end of period accounts include the closure of approximately 5,000 accounts primarily attributable to the escheatment of unclaimed property.
(2) 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. Customer assets held by third parties are not reflected in the Company’s consolidated balance sheet and are not immediately available for liquidity purposes. However, we maintain the ability to bring the majority of these customer assets back on the balance sheet with appropriate notification to the third parties.
(3) 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 brokerage assets and net new banking assets metrics treat asset flows between E*TRADE entities in the same manner as unrelated

 

Source: Etrade – E*TRADE Financial Corporation Reports Monthly Activity for May 2015

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