11-13-13 8:05 AM EST | Email Article

E*TRADE Financial Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for October 2013.

Daily Average Revenue Trades (“DARTs”) for October were 159,703, a nine percent increase from September and a 29 percent increase from the year-ago period. The Company added 30,276 gross new brokerage accounts in October, ending the month with approximately 3.0 million brokerage accounts – an increase of 3,193 from September.

Net new brokerage assets were $1.0 billion in the month. During the month, customer security holdings increased by four percent, or $6.4 billion, and brokerage-related cash increased by $0.4 billion to $38.6 billion. Bank-related cash and deposits ended the month unchanged at $6.4 billion. Customers were net buyers of approximately $0.7 billion in securities during the month.

Monthly Activity Data

                   
Oct-13 Sep-13 Oct-12 % Chg. M/M % Chg. Y/Y
 
 
Trading days 23.0 20.0 21.0 N.M. N.M.
 
DARTs 159,703 147,116 124,246 8.6 % 28.5 %
 
Gross new brokerage accounts 30,276 24,761 23,365 22.3 % 29.6 %
Gross new stock plan accounts 19,324 14,477 14,164 33.5 % 36.4 %
Gross new banking accounts   735     751     857   (2.1 )% (14.2 )%
Total gross new accounts 50,335 39,989 38,386 25.9 % 31.1 %
 
Net new brokerage accounts 3,193 5,504 (5,153 ) N.M. N.M.
Net new stock plan accounts (2,836 ) (422 ) 2,251 N.M. N.M.
Net new banking accounts   (3,274 )   (2,247 )   (3,608 ) N.M. N.M.
Net new accounts (2,917 ) 2,835 (6,510 ) N.M. N.M.
 
End of period brokerage accounts 2,979,035 2,975,842 2,887,699 0.1 % 3.2 %
End of period stock plan accounts 1,201,856 1,204,692 1,121,091 (0.2 )% 7.2 %
End of period banking accounts   403,146     406,420     434,276   (0.8 )% (7.2 )%
End of period total accounts 4,584,037 4,586,954 4,443,066 (0.1 )% 3.2 %
 

Customer Assets ($B)

Security holdings $ 169.2 $ 162.8 $ 138.6 3.9 % 22.1 %
Customer payables (cash) 6.1 5.8 5.5 5.2 % 10.9 %
Customer assets held by third parties(1) 13.1 12.9 5.9 1.6 % 122.0 %
Unexercised stock plan customer options (vested)   33.6     33.2     21.3   1.2 % 57.7 %
Customer assets in brokerage and stock plan accounts   222.0     214.7     171.3   3.4 % 29.6 %
Sweep deposits 19.4 19.5 20.3 (0.5 )% (4.4 )%
Savings, transaction and other   6.4     6.4     7.1   0.0 % (9.9 )%
Customer assets in banking accounts   25.8     25.9     27.4   (0.4 )% (5.8 )%
Total customer assets $ 247.8 $ 240.6 $ 198.7 3.0 % 24.7 %
 
Net new brokerage assets ($B)(2) $ 1.0 $ 0.7 $ 0.3 N.M. N.M.
Net new banking assets ($B)(2)   (0.1 )   (0.0 )   (0.1 ) N.M. N.M.
Net new customer assets ($B)(2) $ 0.9 $ 0.7 $ 0.2 N.M. N.M.
 
Brokerage related cash ($B) $ 38.6 $ 38.2 $ 31.7 1.0 % 21.8 %
Other customer cash and deposits ($B)   6.4     6.4     7.1   0.0 % (9.9 )%
Total customer cash and deposits ($B) $ 45.0 $ 44.6 $ 38.8 0.9 % 16.0 %
 
Customer net (purchase) / sell activity ($B) $ (0.7 ) $ 0.8 $ (1.3 ) 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.

(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

The E*TRADE Financial family of companies provides 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

© 2013 E*TRADE Financial Corporation. All rights reserved.

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Morningstar - 2013/11/13 - E*TRADE Financial Corporation Reports Monthly Activity for October 2013
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