ETFC E TRADE Financial Corporation

E*TRADE Financial Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for August 2020 and also provided an update for September to-date trading activity.

Daily Average Revenue Trades (DARTs) for August were 1,038,000, and derivative DARTs were a record 287,000. Trading volume has increased in September, with DARTs of 1,205,000 and derivative DARTs of 346,000 through September 11, 2020. E*TRADE facilitated its highest derivative volume day of all time in September, achieving a record 433,000 derivative DARTs on September 4.

Monthly Activity Data

Aug-20

Jul-20

Aug-19

% Chg. M/M

% Chg. Y/Y

Trading days

21.0

 

22.0

 

22.0

 

N.M.

N.M.

 

 

 

 

 

 

DARTs

1,037,532

 

1,013,623

 

291,576

 

2

%

256

%

Derivative DARTs

286,680

 

273,257

 

102,466

 

5

%

180

%

Derivative DARTs %

28

%

27

%

35

%

1

%

(7)

%

 

 

 

 

 

 

Margin receivables ($B)

$

11.0

 

$

10.0

 

$

10.1

 

10

%

9

%

 

 

 

 

 

 

Net new retail accounts

80,507

 

45,842

 

14,923

 

76

%

439

%

Net new advisor services accounts

(162)

 

(39)

 

(145)

 

(315)

%

(12)

%

Net new corporate services accounts

17,514

 

22,465

 

12,580

 

(22)

%

39

%

Net new accounts

97,859

 

68,268

 

27,358

 

43

%

258

%

 

 

 

 

 

 

End of period retail accounts

5,951,614

 

5,871,107

 

5,126,070

 

1

%

16

%

End of period advisor services accounts

140,703

 

140,865

 

150,665

 

—

%

(7)

%

End of period corporate services accounts

2,019,886

 

2,002,372

 

1,888,212

 

1

%

7

%

End of period accounts

8,112,203

 

8,014,344

 

7,164,947

 

1

%

13

%

 

 

 

 

 

 

Net new retail assets ($B)(1)

$

4.1

 

$

(0.4)

 

$

1.2

 

N.M.

242

%

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

0.1

 

0.2

 

—

 

(50)

%

100

%

Net new retail and advisor services assets ($B)

$

4.2

 

$

(0.2)

 

$

1.2

 

N.M.

250

%

 

 

 

 

 

 

Total Customer Assets ($B)

 

 

 

 

 

Security holdings

$

385.6

 

$

347.6

 

$

283.1

 

11

%

36

%

Cash and deposits

93.2

 

91.4

 

63.2

 

2

%

47

%

Retail and advisor services assets

$

478.8

 

$

439.0

 

$

346.3

 

9

%

38

%

Corporate services vested assets

238.0

 

208.7

 

140.6

 

14

%

69

%

Retail, advisor services, and corporate services vested assets

$

716.8

 

$

647.7

 

$

486.9

 

11

%

47

%

Corporate services unvested holdings

233.0

 

193.0

 

116.8

 

21

%

99

%

Total customer assets

$

949.8

 

$

840.7

 

$

603.7

 

13

%

57

%

 

 

 

 

 

 

Net (Buy) / Sell Activity ($B)

 

 

 

 

 

Retail net (buy) / sell activity

$

(2.9)

 

$

(0.6)

 

$

(1.8)

 

N.M.

N.M.

Advisor services net (buy) / sell activity

(0.2)

 

(0.1)

 

0.5

 

N.M.

N.M.

Net (buy) / sell activity

$

(3.1)

 

$

(0.7)

 

$

(1.3)

 

N.M.

N.M.

 

 

 

 

 

 

Total Cash and Deposits ($B)

 

 

 

 

 

Brokerage sweep deposits

$

40.5

 

$

37.9

 

$

30.6

 

7

%

32

%

Bank sweep deposits(2)

0.1

 

0.2

 

—

 

(50)

%

100

%

Customer payables

16.7

 

15.7

 

10.6

 

6

%

58

%

Savings, checking and other banking assets(2)

3.6

 

3.5

 

9.4

 

3

%

(62)

%

Total on-balance sheet customer cash and deposits

$

60.9

 

$

57.3

 

$

50.6

 

6

%

20

%

Brokerage sweep deposits at unaffiliated financial institutions

22.3

 

24.0

 

10.9

 

(7)

%

105

%

Bank sweep deposits at unaffiliated financial institutions(3)

7.9

 

8.1

 

—

 

(2)

%

100

%

Money market funds and other

2.1

 

2.0

 

1.7

 

5

%

24

%

Total customer cash held by third parties(4)

$

32.3

 

$

34.1

 

$

12.6

 

(5)

%

156

%

Total customer cash and deposits

$

93.2

 

$

91.4

 

$

63.2

 

2

%

47

%

(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 $6.0 billion of deposits as of August 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

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