NEW YORK, March 15 /PRNewswire-FirstCall/ -- E*TRADE FINANCIAL Corporation
(NYSE: ET) today released its Monthly Activity Report for February. The
Company's retail assets and deposits in customer accounts totaled $187.2
billion. Retail deposits increased to $18.7 billion, led by continued organic
growth in balances across cash management products. Average period margin debt
balances increased to $6.7 billion, while total Daily Average Revenue Trades
(DARTs) declined to 178,983. Gross new accounts for the month totaled
82,782 -- resulting in total end of period active accounts of 4,321,726.
"Through February we delivered organic growth in cash, assets and credit
balances, and remain pleased with the level of retail customer activity year
to date," said R. Jarrett Lilien, President and Chief Operating Officer,
E*TRADE FINANCIAL Corporation. "Acquisition-related economic drivers are all
significantly above plan with lower-than-modeled account attrition. Our value
proposition continues to broaden the engagement of new and existing
customers."
Monthly Activity Data
Feb-06
vs.
Feb-06 Jan-06 Jan-06
Trading days 19.0 20.0 N.M.
Daily Average Revenue Trades (DARTs)
US 156,608 173,527 (9.8)%
International 22,375 22,200 0.8 %
Total Retail DARTs 178,983 195,727 (8.6)%
Market Making
Equity shares traded (MM) 31,639 20,064 57.7 %
Average revenue capture per 1,000
shares $0.255 $0.406 (37.2)%
Gross New Accounts
Investing/Trading accounts 64,528 65,152 N.M.
Deposit/Lending accounts 18,254 22,947 N.M.
Total gross new accounts 82,782 88,099 N.M.
Active Accounts
Investing/Trading accounts 3,641,419 3,622,330 0.5 %
Deposit/Lending accounts 680,307 675,258 0.7 %
Total active accounts end of period 4,321,726 4,297,588 0.6 %
End of period margin debt ($MM) $6,682 $6,616 1.0 %
Average margin debt ($MM) $6,692 $6,452 3.7 %
Retail Assets / Deposits ($MM)
Retail client assets in investing
accounts $168,455 $169,851 (0.8)%
Retail deposits in customer accounts $18,747 $18,590 0.8 %
Total retail assets / deposits in
customer accounts $187,202 $188,441 (0.7)%
Q106
QTD * vs.
Q106 Qtr Ended Qtr Ended
QTD * 12/31/05 12/31/05
Trading days 39.0 62.5 N.M.
Daily Average Revenue Trades (DARTs)
US 165,284 113,017 46.2 %
International 22,285 15,391 44.8 %
Total Retail DARTs 187,570 128,408 46.1 %
Market Making
Equity shares traded (MM) 51,703 33,263 N.M.
Average revenue capture per 1,000
shares $0.314 $0.545 (42.4)%
Gross New Accounts
Investing/Trading accounts 129,680 782,052 N.M.
Deposit/Lending accounts 41,201 96,823 N.M.
Total gross new accounts 170,881 878,875 N.M.
Active Accounts
Investing/Trading accounts 3,641,419 3,617,778 0.7 %
Deposit/Lending accounts 680,307 666,000 2.1 %
Total active accounts end of period 4,321,726 4,283,778 0.9 %
End of period margin debt ($MM) $6,682 $6,560 1.9 %
Average margin debt ($MM) $6,566 $4,400 49.2 %
Retail Assets / Deposits ($MM)
Retail client assets in investing
accounts $168,455 $162,998 3.3 %
Retail deposits in customer accounts $18,747 $15,463 21.2 %
Total retail assets / deposits in
customer accounts $187,202 $178,461 4.9 %
*Q106 quarter-to-date (QTD) includes results for the two months ended
February 28, 2006
Historical monthly metric data from January 2003 to February 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 provides 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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