E*TRADE Financial Corporation Reports Monthly Activity for August 2019

E*TRADE Financial Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for August 2019.

Monthly Activity Data

Aug-19

 

Jul-19

 

Aug-18

 

% Chg. M/M

 

% Chg. Y/Y

Trading days

 

 

22.0

 

 

21.5

 

 

23.0

 

N.M.

 

N.M.

 

 

 

 

 

 

 

 

 

 

 

DARTs

 

 

284,828

 

 

255,423

 

 

254,021

 

12%

 

12%

Derivative DARTs

 

 

100,373

 

 

90,368

 

 

85,981

 

11%

 

17%

Derivative DARTs %

 

 

35%

 

 

35%

 

 

34%

 

—%

 

1%

 

 

 

 

 

 

 

 

 

 

 

Margin receivables ($B)

 

$

 

10.1

 

$

 

9.9

 

$

 

10.7

 

2%

 

(6)%

 

 

 

 

 

 

 

 

 

 

 

Net new retail accounts

 

 

14,923

 

 

(11,522)

 

 

32,546

 

N.M.

 

(54)%

Net new advisor services accounts

 

 

(145)

 

 

(465)

 

 

646

 

69%

 

N.M.

Net new corporate services accounts

 

 

12,580

 

 

21,757

 

 

13,444

 

(42)%

 

(6)%

Net new accounts

 

 

27,358

 

 

9,770

 

 

46,636

 

180%

 

(41)%

 

 

 

 

 

 

 

 

 

 

 

End of period retail accounts

 

 

5,126,070

 

 

5,111,147

 

 

4,019,181

 

—%

 

28%

End of period advisor services accounts

 

 

150,665

 

 

150,810

 

 

149,141

 

—%

 

1%

End of period corporate services accounts

 

 

1,888,212

 

 

1,875,632

 

 

1,707,105

 

1%

 

11%

End of period accounts

 

 

7,164,947

 

 

7,137,589

 

 

5,875,427

 

—%

 

22%

 

 

 

 

 

 

 

 

 

 

 

Net new retail assets ($B)⁽¹⁾

 

$

 

1.2

 

$

 

0.2

 

$

 

1.7

 

N.M.

 

(29)%

Net new advisor services assets ($B)⁽¹⁾

 

—

 

 

0.1

 

 

0.1

 

(100)%

 

(100)%

Net new retail and advisor services assets ($B)

 

$

 

1.2

 

$

 

0.3

 

$

 

1.8

 

300%

 

(33)%

 

 

 

 

 

 

 

 

 

 

 

Total Customer Assets ($B)

 

 

 

 

 

 

 

 

 

 

Security holdings

 

$

 

283.1

 

$

 

289.2

 

$

 

274.1

 

(2)%

 

3%

Cash and deposits

 

 

63.2

 

 

63.1

 

 

58.5

 

—%

 

8%

Retail and advisor services assets

 

$

 

346.3

 

$

 

352.3

 

$

 

332.6

 

(2)%

 

4%

Corporate services vested assets

 

 

140.6

 

 

147.3

 

 

139.7

 

(5)%

 

1%

Retail, advisor services, and corporate

services vested assets

 

$

 

486.9

 

$

 

499.6

 

$

 

472.3

 

(3)%

 

3%

Corporate services unvested holdings

 

 

116.8

 

 

123.1

 

 

120.5

 

(5)%

 

(3)%

Total customer assets

 

$

 

603.7

 

$

 

622.7

 

$

 

592.8

 

(3)%

 

2%

 

 

 

 

 

 

 

 

 

 

 

Net (Buy) / Sell Activity ($B)

 

 

 

 

 

 

 

 

 

 

Retail net (buy) / sell activity

 

$

 

(1.8)

 

$

 

0.4

 

$

 

0.4

 

N.M.

 

N.M.

Advisor services net (buy) / sell activity

 

 

0.5

 

—

 

 

(0.1)

 

N.M.

 

N.M.

Net (buy) / sell activity

 

$

 

(1.3)

 

$

 

0.4

 

$

 

0.3

 

N.M.

 

N.M.

 

 

 

 

 

 

 

 

 

 

 

Total Cash and Deposits ($B)

 

 

 

 

 

 

 

 

 

 

Sweep deposits

 

$

 

30.6

 

$

 

30.4

 

$

 

37.6

 

1%

 

(19)%

Customer payables

 

 

10.6

 

 

10.9

 

 

10.9

 

(3)%

 

(3)%

Savings, checking and other banking assets

 

 

9.4

 

 

9.1

 

 

5.0

 

3%

 

88%

Total on-balance sheet cash

 

$

 

50.6

 

$

 

50.4

 

$

 

53.5

 

—%

 

(5)%

Sweep deposits at unaffiliated financial institutions

 

 

10.9

 

 

10.9

 

 

3.3

 

—%

 

230%

Money market funds and other

 

 

1.7

 

 

1.8

 

 

1.7

 

(6)%

 

—%

Total customer cash held by third parties⁽²⁾

 

$

 

12.6

 

$

 

12.7

 

$

 

5.0

 

(1)%

 

152%

Total cash and deposits

 

$

 

63.2

 

$

 

63.1

 

$

 

58.5

 

—%

 

8%

(1) Net new retail and advisor services assets exclude the effects of market movements in the value of retail and advisor services assets.

(2) Customer cash held by third parties is held outside E*TRADE Financial and includes money market funds and sweep deposit accounts at unaffiliated financial institutions. Customer cash held by third parties is not reflected in the E*TRADE Financial’s condensed consolidated balance sheet and is not immediately available for liquidity purposes.

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

About E*TRADE Financial Corporation

E*TRADE Financial Corporation and its subsidiaries provide financial services including brokerage and related products and services to traders, investors, stock plan administrators and participants, and registered investment advisors (RIAs). Securities products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Commodity futures and options on futures products and services are offered by E*TRADE Futures LLC (Member NFA). Managed Account Solutions are offered through E*TRADE Capital Management, LLC, a Registered Investment Advisor. Bank products and services are offered by E*TRADE Bank, and RIA custody solutions are offered by E*TRADE Savings Bank, both of which are federal savings banks (Members FDIC). E*TRADE Securities LLC, E*TRADE Capital Management, LLC, E*TRADE Futures LLC, E*TRADE Bank and E*TRADE Savings Bank are separate but affiliated companies. More information is available at www.etrade.com.

Important Notices

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

2019 E*TRADE Financial Corporation. All rights reserved.

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