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Press release from Business Wire

E*TRADE Financial Corporation Reports Monthly Activity for July 2013

Wednesday, August 14, 2013

E*TRADE Financial Corporation Reports Monthly Activity for July 2013

08:05 EDT Wednesday, August 14, 2013

NEW YORK (Business Wire) -- E*TRADE Financial Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for July 2013.

Daily Average Revenue Trades (“DARTs”) for July were 140,898, a two percent decrease from June and a 10 percent increase from the year-ago period. The Company added 25,030 gross new brokerage accounts in July, ending the month with approximately 3.0 million brokerage accounts – a decrease of 1,859 from June. Total accounts ended the month at approximately 4.6 million.

Net new brokerage assets were positive $0.6 billion in the month. During the month, customer security holdings increased by six percent, or $8.3 billion, and brokerage-related cash increased by $1.2 billion to $36.8 billion. Bank-related cash and deposits ended the month unchanged, at $6.5 billion. Customers were net sellers of approximately $0.9 billion in securities during the month.

Monthly Activity Data

                   
Jul-13 Jun-13 Jul-12 % Chg. M/M % Chg. Y/Y
 
 
Trading days 21.5 20.0 20.5 N.M. N.M.
 
DARTs 140,898 144,329 128,594 (2.4)%

9.6 %

 
Gross new brokerage accounts 25,030 25,716 22,432 (2.7)%

11.6 %

Gross new stock plan accounts 20,310 18,689 18,060

8.7 %

12.5 %

Gross new banking accounts   852     766     1,222  

11.2 %

(30.3)%
Total gross new accounts 46,192 45,171 41,714

2.3 %

10.7 %

 
Net new brokerage accounts (1,859 ) 7,324 (4,363 ) N.M. N.M.
Net new stock plan accounts 5,691 4,354 5,308 N.M. N.M.
Net new banking accounts   (2,497 )   (3,151 )   (3,345 ) N.M. N.M.
Net new accounts 1,335 8,527 (2,400 ) N.M. N.M.
 
End of period brokerage accounts 2,960,872 2,962,731 2,870,242 (0.1)%

3.2 %

End of period stock plan accounts 1,191,498 1,185,807 1,109,610

0.5 %

7.4 %

End of period banking accounts   411,099     413,596     442,803   (0.6)% (7.2)%
End of period total accounts 4,563,469 4,562,134 4,422,655

0.0 %

3.2 %

 

Customer Assets ($B)

Security holdings $ 159.1 $ 150.8 $ 135.3

5.5 %

17.6 %

Customer payables (cash) 5.6 5.1 5.3

9.8 %

5.7 %

Customer cash balances held by third parties(1) 11.8 11.5 3.7

2.6 %

218.9 %

Unexercised stock plan customer options (vested)   31.7     27.2     21.4  

16.5 %

48.1 %

Customer assets in brokerage and stock plan accounts   208.2     194.6     165.7  

7.0 %

25.6 %

Sweep deposits 19.4 19.0 20.6

2.1 %

(5.8)%
Savings, transaction and other   6.5     6.5     7.3  

0.0 %

(11.0)%
Customer assets in banking accounts   25.9     25.5     27.9  

1.6 %

(7.2)%
Total customer assets $ 234.1 $ 220.1 $ 193.6

6.4 %

20.9 %

 
Net new brokerage assets ($B)(2) $ 0.6 $ 0.7 $ 0.3 N.M. N.M.
Net new banking assets ($B)(2)   (0.1 )   (0.1 )   (0.1 ) N.M. N.M.
Net new customer assets ($B)(2) $ 0.5 $ 0.6 $ 0.2 N.M. N.M.
 
Brokerage related cash ($B) $ 36.8 $ 35.6 $ 29.6

3.4 %

24.3 %

Other customer cash and deposits ($B)   6.5     6.5     7.3  

0.0 %

(11.0)%
Total customer cash and deposits ($B) $ 43.3 $ 42.1 $ 36.9

2.9 %

17.3 %

 
Customer net (purchase) / sell activity ($B) $ 0.9 $ (1.1 ) $ 0.2 N.M. N.M.

(1) Customer cash balances 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.

E*TRADE Financial Media Relations
646-521-4418
mediainq@etrade.com
or
E*TRADE Financial Investor Relations
Brett Goodman, 646-521-4406
brett.goodman@etrade.com

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