NEW YORK, Feb. 15 /PRNewswire-FirstCall/ -- E*TRADE FINANCIAL Corporation
(NYSE: ET) today released its Monthly Activity Report for January. The
Company's total retail assets and deposits in customer accounts increased 5.6
percent sequentially to $188.4 billion. Retail deposits increased 20.2 percent
to $18.6 billion, driven by approximately $2.7 billion moved into the Sweep
Deposit Account upon conversion of Harrisdirect accounts and continued organic
growth in balances across cash management products. Average period margin debt
balances decreased 1.0 percent sequentially to $6.5 billion, while end of
period margin debt balances increased 0.9 percent to $6.6 billion. The Company
also reported monthly Total Daily Average Revenue Trades (DARTs) of 195,727, a
32.6 percent increase over December. Gross new accounts for the month totaled
88,099 -- resulting in a 0.3 percent sequential increase in total
end-of-period active accounts to 4,297,588.
"Retail investors showed a strong level of engagement in January," said R.
Jarrett Lilien, President and Chief Operating Officer, E*TRADE FINANCIAL
Corporation. "This month we continued to experience solid growth within the
key drivers of our model including assets, cash and credit, while benefiting
from the ability to leverage the increase in trading activity."
MONTHLY ACTIVITY DATA
Jan-06
Jan-06 vs. Qtr
vs. Qtr Ended Ended
Jan-06 Dec-05 Dec-05 12/31/05 12/31/05
Trading days 20.0 21.0 N.M. 62.5 N.M.
Daily Average Revenue
Trades (DARTs)
US 173,527 132,316 31.1% 113,017 53.5%
International 22,200 15,270 45.4% 15,391 44.2%
Total Retail DARTs 195,727 147,586 32.6% 128,408 52.4%
Market Making
Equity shares traded (MM)
20,064 13,432 49.4% 33,263 N.M.
Average revenue capture
per 1,000 shares $0.406 $0.397 2.3% $0.545 (25.5)%
Gross New Accounts
Investing/Trading
accounts 65,152 245,047 N.M. 782,052 N.M.
Deposit/Lending accounts 22,947 42,510 N.M. 96,823 N.M.
Total gross new accounts 88,099 287,557 N.M. 878,875 N.M.
Active Accounts
Investing/Trading
accounts 3,622,330 3,617,778 0.1% 3,617,778 0.1%
Deposit/Lending accounts 675,258 666,000 1.4% 666,000 1.4%
Total active accounts
end of period 4,297,588 4,283,778 0.3% 4,283,778 0.3%
End of period margin
debt ($MM) $6,616 $6,560 0.9% $6,560 0.9%
Average margin debt
($MM) $6,452 $6,516 (1.0)% $4,400 46.6%
Retail Assets / Deposits
($MM)
Retail client assets in
investing accounts $169,851 $162,998 4.2% $162,998 4.2%
Retail deposits in
customer accounts $18,590 $15,463 20.2% $15,463 20.2%
Total retail assets /
deposits in customer
accounts $188,441 $178,461 5.6% $178,461 5.6%
Historical monthly metric data from January 2003 to January 2006 can be
found on the E*TRADE FINANCIAL investor relations site at http://www.etrade.com.
About E*TRADE FINANCIAL
The E*TRADE FINANCIAL family of companies provide financial services
including trading, investing, banking and lending for retail and institutional
customers. Securities products and services are offered by E*TRADE Securities
LLC (Member NASD/SIPC). Bank and lending products and services are offered by
E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries.
Important Notice
E*TRADE FINANCIAL and the E*TRADE FINANCIAL logo are registered trademarks
or trademarks of E*TRADE FINANCIAL Corporation. The statements contained in
this news release that are forward-looking are based on current expectations
that are subject to a number of uncertainties and risks, and actual results
may differ materially. The uncertainties and risks include, but are not
limited to, changes in market activity, anticipated increases in the rate of
new customer acquisition, the conversion of new visitors to the site to
customers, seasonality, the development of new products and services, the
enhancement of existing products and services, competitive pressures
(including price competition), system failures, economic and political
conditions, changes in consumer behavior and the introduction of competing
products having technological and/or other advantages. Further information
about these risks and uncertainties can be found in the information included
in the annual reports previously filed by E*TRADE Group, Inc. or E*TRADE
FINANCIAL Corporation with the SEC on Form 10-K (including information under
the caption "Risk Factors") and quarterly reports on Form 10-Q.
E*TRADE FINANCIAL Media Contact
Pam Erickson
E*TRADE FINANCIAL Corporation
617-296-6080
pam.erickson@etrade.com
E*TRADE FINANCIAL Investor Relations Contact
Adam Townsend
E*TRADE FINANCIAL Corporation
703-236-8719
adam.townsend@etrade.com
SOURCE E*TRADE FINANCIAL Corporation
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Related links:
http://www.etrade.com
CONTACT:
Media, Pam Erickson, +1-617-296-6080, or
pam.erickson@etrade.com, or investors, Adam Townsend,
+1-703-236-8719, or adam.townsend@etrade.com, both of E*TRADE
FINANCIAL Corporation
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