OREANDA-NEWS. E*TRADE Financial Corporation (NASDAQ:ETFC) today released its Monthly Activity Report for April 2016.

Daily Average Revenue Trades ("DARTs") for April were 159,215, a one percent increase from March and a one percent increase from the year-ago period. The Company added 34,724 gross new brokerage accounts in April and ended the month with approximately 3.3 million brokerage accounts — an increase of 10,866 from March.

Net new brokerage assets were negative $0.4 billion in the month. During the month, customer security holdings were unchanged, while brokerage-related cash remained flat, ending the month at $42.6 billion. Bank-related cash and deposits decreased $0.1 billion, ending the month at $5.3 billion. Customers were net sellers of approximately $0.2 billion in securities during the month.

                                                         

Monthly Activity Data

    
                                                         
        Apr-16       Mar-16       Apr-15       % Chg. M/M       % Chg. Y/Y
Trading days       21.0       22.0       21.0       N.M.       N.M.
                                                         
DARTs       159,215       157,242       157,442       1.3%       1.1%
                                                         
Gross new brokerage accounts       34,724       35,348       37,077       (1.8)%       (6.3)%
Gross new stock plan accounts       25,202       18,805       16,298       34.0%       54.6%
Gross new banking accounts       337       330       425       2.1%       (20.7)%
Total gross new accounts       60,263       54,483       53,800       10.6%       12.0%
                                                         
Net new brokerage accounts(1)       10,866       17,769       8,315       N.M.       N.M.
Net new stock plan accounts       11,822       6,034       (1,759)       N.M.       N.M.
Net new banking accounts       (1,727)       (1,447)       (2,320)       N.M.       N.M.
Net new accounts       20,961       22,356       4,236       N.M.       N.M.
                                                         
End of period brokerage accounts(1)       3,264,866     3,254,000       3,190,954       0.3%       2.3%
End of period stock plan accounts       1,436,387       1,424,565       1,271,709       0.8%       12.9%
End of period banking accounts       333,824       335,551       354,553       (0.5)%       (5.8)%
End of period total accounts       5,035,077       5,014,116       4,817,216       0.4%       4.5%
                                                         

Customer Assets ($B)

                                                        
Security holdings       $ 205.6       $ 205.6       $ 216.9       0.0%       (5.2)%
Sweep deposits       26.4       26.4       20.7       0.0%       27.5%
Customer payables (cash)       6.9       6.8       6.6       1.5%       4.5%
Customer assets held by third parties(2)       9.3       9.4       14.0       (1.1)%       (33.6)%
Brokerage customer assets       248.2       248.2       258.2       0.0%       (3.9)%

Unexercised stock plan customer holdings
(vested)

       31.4       30.9       38.3       1.6%       (18.0)%

Savings, checking and other banking
customer assets

       5.3       5.4       5.5       (1.9)%       (3.6)%
Total customer assets       $ 284.9       $ 284.5       $ 302.0       0.1%       (5.7)%
                                                         
Net new brokerage assets(3)       $ (0.4)       $ 1.0       $ (0.4)       N.M.       N.M.
Net new banking assets(3)       (0.1)       0.1       (0.2)       N.M.       N.M.
Net new customer assets(3)       $ (0.5)       $ 1.1       $ (0.6)       N.M.       N.M.
                                                         
Brokerage related cash       $ 42.6       $ 42.6       $ 41.3       0.0%       3.1%
Other customer cash and deposits       5.3       5.4       5.5       (1.9)%       (3.6)%
Total customer cash and deposits       $ 47.9       $ 48.0       $ 46.8       (0.2)%       2.4%
                                                         
Customer net (buy) / sell activity       $ 0.2       $ 0.7       $ 0.5       N.M.       N.M.
                                               
(1)   Net new brokerage accounts include the closure of 1,466 accounts in March related to the shutdown of the Company's Hong Kong and Singapore operations.
(2)   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.
(3)   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.
     

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.