September 14, 2016

E*TRADE Financial Corporation Reports Monthly Activity for August 2016

NEW YORK--(BUSINESS WIRE)-- E*TRADE Financial Corporation (NASDAQ:ETFC) today released its Monthly Activity Report for August 2016.

Daily Average Revenue Trades ("DARTs") for August were 143,831, a two percent decrease from July and a 20 percent decrease from the year-ago period. The Company added 31,481 gross new brokerage accounts in August and ended the month with approximately 3.3 million brokerage accounts—an increase of 7,308 from July.

Net new brokerage assets were $0.9 billion in the month. During the month, customer security holdings increased by $0.8 billion, and brokerage-related cash increased by $1.2 billion to $46.2 billion. Bank-related cash and deposits remained flat, ending the month at $5.2 billion. Customers were net sellers of approximately $0.4 billion in securities during the month.

Monthly Activity Data

             
Aug-16 Jul-16 Aug-15 % Chg. M/M % Chg. Y/Y
Trading days 23.0 20.0 21.0 N.M. N.M.
 
DARTs 143,831 147,100 179,908 (2.2 )% (20.1 )%
 
Gross new brokerage accounts 31,481 22,899 37,750 37.5 % (16.6 )%
Gross new stock plan accounts 20,312 25,192 24,998 (19.4 )% (18.7 )%
Gross new banking accounts 349   323   407   8.0 % (14.3 )%
Total gross new accounts 52,142 48,414 63,155 7.7 % (17.4 )%
 
Net new brokerage accounts 7,308 387 14,038 N.M. N.M.
Net new stock plan accounts 3,412 12,095 9,532 N.M. N.M.
Net new banking accounts (1,880 ) (1,194 ) (2,055 ) N.M. N.M.
Net new accounts 8,840 11,288 21,515 N.M. N.M.
 
End of period brokerage accounts 3,284,785 3,277,477 3,203,487 0.2 % 2.5 %
End of period stock plan accounts 1,458,560 1,455,148 1,355,534 0.2 % 7.6 %
End of period banking accounts 326,651   328,531   346,791   (0.6 )% (5.8 )%
End of period total accounts 5,069,996 5,061,156 4,905,812 0.2 % 3.3 %
 

Customer Assets ($B)

Security holdings $ 217.5 $ 216.7 $ 203.8 0.4 % 6.7 %
Sweep deposits 26.7 27.5 20.2 (2.9 )% 32.2 %
Customer assets held by third parties(1) 11.8 10.0 14.7 18.0 % (19.7 )%
Customer payables (cash) 7.7   7.5   6.0   2.7 % 28.3 %
Brokerage customer assets 263.7   261.7   244.7   0.8 % 7.8 %
Unexercised stock plan customer holdings (vested) 31.0 31.9 37.1 (2.8 )% (16.4 )%
Savings, checking and other banking customer assets 5.2   5.2   5.4   0.0 % (3.7 )%
Total customer assets $ 299.9   $ 298.8   $ 287.2   0.4 % 4.4 %
 
Net new brokerage assets(2) $ 0.9 $ 0.3 $ 1.4 N.M. N.M.
Net new banking assets(2)     (0.1 ) N.M. N.M.
Net new customer assets(2) $ 0.9 $ 0.3 $ 1.3 N.M. N.M.
 
Brokerage related cash $ 46.2 $ 45.0 $ 40.9 2.7 % 13.0 %
Other customer cash and deposits 5.2   5.2   5.4   0.0 % (3.7 )%
Total customer cash and deposits $ 51.4 $ 50.2 $ 46.3 2.4 % 11.0 %
 
Customer net (buy) / sell activity $ 0.4 $ 2.0 $ (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

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.

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

Source: E*TRADE Financial Corporation

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