E*TRADE Financial Corporation Reports Monthly Activity for July 2020
14 Agosto 2020 - 7:05AM
Business Wire
E*TRADE Financial Corporation (NASDAQ: ETFC) today released its
Monthly Activity Report for July 2020 and also provided an update
for August to-date trading activity.
Daily Average Revenue Trades (DARTs) for July were 1,014,000,
and derivative DARTs were 273,000. Trading volume has increased in
August, with DARTs of 1,084,000 and derivative DARTs of 291,000
through August 12, 2020.
Monthly Activity Data
Jul-20
Jun-20
Jul-19
% Chg. M/M
% Chg. Y/Y
Trading days
22.0
22.0
21.5
N.M.
N.M.
DARTs
1,013,623
1,113,931
261,289
(9)
%
288
%
Derivative DARTs
273,257
278,933
92,232
(2)
%
196
%
Derivative DARTs %
27
%
25
%
35
%
2
%
(8)
%
Margin receivables ($B)
$
10.0
$
9.4
$
9.9
6
%
1
%
Net new retail accounts
45,842
89,884
(11,522)
(49)
%
N.M.
Net new advisor services accounts
(39)
(251)
(465)
84
%
92
%
Net new corporate services accounts
22,465
11,582
21,757
94
%
3
%
Net new accounts
68,268
101,215
9,770
(33)
%
N.M.
End of period retail accounts
5,871,107
5,825,265
5,111,147
1
%
15
%
End of period advisor services
accounts
140,865
140,904
150,810
—
%
(7)
%
End of period corporate services
accounts
2,002,372
1,979,907
1,875,632
1
%
7
%
End of period accounts
8,014,344
7,946,076
7,137,589
1
%
12
%
Net new retail assets ($B)(1)
$
(0.4)
$
4.0
$
0.2
N.M.
N.M.
Net new advisor services assets
($B)(1)
0.2
—
0.1
100
%
100
%
Net new retail and advisor services assets
($B)
$
(0.2)
$
4.0
$
0.3
N.M.
N.M.
Total Customer
Assets ($B)
Security holdings
$
347.6
$
324.6
$
289.2
7
%
20
%
Cash and deposits
91.4
92.2
63.1
(1)
%
45
%
Retail and advisor services assets
$
439.0
$
416.8
$
352.3
5
%
25
%
Corporate services vested assets
208.7
191.5
147.3
9
%
42
%
Retail, advisor services, and
corporate
services vested assets
$
647.7
$
608.3
$
499.6
6
%
30
%
Corporate services unvested holdings
193.0
173.5
123.1
11
%
57
%
Total customer assets
$
840.7
$
781.8
$
622.7
8
%
35
%
Net (Buy) / Sell
Activity ($B)
Retail net (buy) / sell activity
$
(0.6)
$
(2.5)
$
0.4
N.M.
N.M.
Advisor services net (buy) / sell
activity
(0.1)
—
—
N.M.
N.M.
Net (buy) / sell activity
$
(0.7)
$
(2.5)
$
0.4
N.M.
N.M.
Total Cash and
Deposits ($B)
Brokerage sweep deposits
$
37.9
$
39.9
$
30.4
(5)
%
25
%
Bank sweep deposits(2)
0.2
0.2
—
—
%
100
%
Customer payables
15.7
15.7
10.9
—
%
44
%
Savings, checking and other banking
assets(2)
3.5
3.6
9.1
(3)
%
(62)
%
Total on-balance sheet customer cash and
deposits
$
57.3
$
59.4
$
50.4
(4)
%
14
%
Brokerage sweep deposits at unaffiliated
financial institutions
24.0
22.0
10.9
9
%
120
%
Bank sweep deposits at unaffiliated
financial institutions(3)
8.1
8.7
—
(7)
%
100
%
Money market funds and other
2.0
2.1
1.8
(5)
%
11
%
Total customer cash held by third
parties(4)
$
34.1
$
32.8
$
12.7
4
%
169
%
Total customer cash and deposits
$
91.4
$
92.2
$
63.1
(1)
%
45
%
(1) Net new retail and advisor services assets exclude the
effects of market movements in the value of retail and advisor
services assets. (2) Beginning November 2019, bank sweep deposits
include Premium Savings Accounts participating in the bank sweep
deposit account program. Savings, checking, and other banking
assets include $5.7 billion of deposits as of July 31, 2019 in our
Premium Savings Account product that were subsequently converted to
the bank sweep deposit account program. (3) Bank sweep deposits at
unaffiliated financial institutions include customer cash related
to Premium Savings Accounts held outside E*TRADE Financial
presented net of deposit balances from unaffiliated financial
institutions held on-balance sheet. (4) Customer cash held by third
parties is held outside E*TRADE and includes money market funds and
sweep deposit accounts at unaffiliated financial institutions, net
of deposit balances from unaffiliated financial institutions held
on-balance sheet. Customer cash held by third parties is not
reflected in E*TRADE's consolidated or 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 advisers (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 Adviser. 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). Employee stock and student loan benefit plan
solutions are offered by E*TRADE Financial Corporate Services, Inc.
E*TRADE Securities LLC, E*TRADE Futures LLC, E*TRADE Capital
Management, LLC, E*TRADE Bank, E*TRADE Savings Bank, and E*TRADE
Financial Corporate Services, Inc. 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
© 2020 E*TRADE Financial Corporation. All rights reserved.
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E*TRADE Media Relations
646-521-4418 mediainq@etrade.com
E*TRADE Investor Relations
646-521-4406 ir@etrade.com
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