- Retail DARTs decreased 7.3 percent from December, Professional DARTs
increased 23.1 percent and Total DARTs increased 2.3 percent
- Average margin debt balances increased 1.2 percent, or by $27 million,
to $2.24 billion
- Total retail assets and deposits in customer accounts decreased 5.2
percent to $95.2 billion
- Gross new accounts totaled 70,811
NEW YORK, Feb. 16 /PRNewswire-FirstCall/ -- E*TRADE FINANCIAL Corporation
(NYSE: ET) today released its Monthly Activity Report for January. The
Company reported monthly Retail Daily Average Revenue Trades (DARTs) of 89,400
and Professional DARTs of 54,300 for Total DARTs of 143,700. Average margin
debt balances increased 1.2 percent sequentially to $2.24 billion, and month-
end margin debt balances increased 0.4 percent.
"January numbers indicate that we are on track with our 2005 strategic
plan," said R. Jarrett Lilien, President and Chief Operating Officer, E*TRADE
FINANCIAL. "We remain confident that creating the industry's most compelling
combination of price, functionality and service will yield market share gains
in trading volume, assets and lending."
Monthly Activity Data
Jan-05
Jan-05 vs. Qtr
vs. Qtr Ended Ended
Jan-05 Dec-04 Dec-04 12/31/04 12/31/04
Trading days 20.0 22.0 N.M. 63.5 N.M.
Daily Average Revenue
Trades (DARTs)
Retail 89,383 96,381 (7.3)% 89,604 (0.2)%
US 76,287 84,448 (9.7)% 76,955 (0.9)%
International 13,096 11,933 9.7 % 12,649 3.5 %
Professional 54,293 44,107 23.1 % 46,529 16.7 %
Total DARTs 143,676 140,488 2.3 % 136,133 5.5 %
Market Making
Equity shares traded
(MM) 23,019 30,261 (23.9)% 75,717 N.M.
Average revenue capture
per 1,000 shares $0.301 $0.322 (6.5)% $0.318 (5.3)%
Gross New Accounts
Investing/Trading
accounts 52,271 61,011 N.M. 161,737 N.M.
Deposit/Lending accounts 18,540 12,088 N.M. 42,072 N.M.
Total gross new accounts 70,811 73,099 N.M. 203,809 N.M.
Active Accounts
Investing/Trading
accounts 2,972,542 2,956,090 0.6 % 2,956,090 0.6 %
Deposit/Lending accounts 631,954 626,673 0.8 % 626,673 0.8 %
Total active accounts
end of period 3,604,496 3,582,763 0.6 % 3,582,763 0.6 %
End of period margin
debt ($MM) $2,244 $2,236 0.4 % $2,236 0.4 %
Average margin debt ($MM) $2,238 $2,211 1.2 % $2,085 7.3 %
Retail Assets / Deposits
($MM)
Retail client assets in
investing accounts $83,143 $88,137 (5.7)% $88,137 (5.7)%
Retail deposits in
customer accounts $12,071 $12,303 (1.9)% $12,303 (1.9)%
Total retail assets /
deposits in customer
accounts $95,214 $100,440 (5.2)% $100,440 (5.2)%
Loan Originations ($MM)
Direct mortgage
originations $172 $219 (21.4)% $701 N.M.
Consumer loan
originations, incl
HELOCs $131 $159 (17.6)% $527 N.M.
Historical monthly metric data from January 2003 to January 2005 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, the activity of customers and assets held at the institution,
seasonality, the development and enhancement of 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
916-858-8835
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, +1-916-858-8835, 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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