* Retail DARTs increased 0.9 percent from January, Professional DARTs
decreased 17.5 percent and Total DARTs decreased 6.0 percent
* Average margin debt balances decreased 0.5 percent, or by $11 million,
to $2.23 billion
* Total retail assets and deposits in customer accounts increased 2.0
percent to $97.1 billion
* Gross new accounts totaled 55,028
NEW YORK, March 16 /PRNewswire-FirstCall/ -- E*TRADE FINANCIAL Corporation
(NYSE: ET) today released its Monthly Activity Report for February. The
Company reported monthly Retail Daily Average Revenue Trades (DARTs) of 90,200
and Professional DARTs of 44,800 for Total DARTs of 135,000. Average margin
debt balances decreased 0.5 percent sequentially to $2.23 billion, and month-
end margin debt balances increased 3.3 percent to $2.32 billion. Total retail
assets and deposits in customer accounts increased 2.0 percent month-over-
month, driven by a 2.4 percent increase in client assets in trading/investing
accounts.
"In February we made enhancements to our customer value proposition as a
part of our long-term strategic plan," said R. Jarrett Lilien, President and
Chief Operating Officer, E*TRADE FINANCIAL. "By creating additional customer
segmentation based on trading behavior and asset levels, we have developed an
offering that rewards customers as they broaden their engagement with E*TRADE
FINANCIAL."
Key Performance Metrics
Q105 QTD *
Feb-05 Qtr vs. Qtr
vs. Q105 Ended Ended
Feb-05 Jan-05 Jan-05 QTD * 12/31/04 12/31/04
Trading days 19.0 20.0 N.M. 39.0 63.5 N.M.
Daily Average
Revenue Trades
(DARTs)
Retail 90,213 89,383 0.9 % 89,787 89,604 0.2 %
US 74,992 76,287 (1.7)% 75,656 76,955 (1.7)%
International 15,221 13,096 16.2 % 14,131 12,649 11.7 %
Professional 44,816 54,293 (17.5)% 49,676 46,529 6.8 %
Total DARTs 135,029 143,676 (6.0)% 139,463 136,133 2.4 %
Market Making
Equity shares
traded (MM) 19,948 23,019 (13.3)% 42,967 75,717 N.M.
Average revenue
capture per
1,000 shares $0.296 $0.301 (1.7)% $0.299 $0.318 (6.0)%
Gross New Accounts
Trading/investing
accounts 42,713 52,271 N.M. 94,984 161,737 N.M.
Deposit/lending
accounts 12,315 18,540 N.M. 30,855 42,072 N.M.
Total gross new
accounts 55,028 70,811 N.M. 125,839 203,809 N.M.
Active Accounts
Trading/investing
accounts 2,985,215 2,972,542 0.4 % 2,985,215 2,956,090 1.0 %
Deposit/lending
accounts 632,026 631,954 0.0 % 632,026 626,673 0.9 %
Total active
accounts end of
period 3,617,241 3,604,496 0.4 % 3,617,241 3,582,763 1.0 %
End of period
margin debt
($MM) $2,318 $2,244 3.3 % $2,318 $2,236 3.7 %
Average margin
debt ($MM) $2,227 $2,238 (0.5)% $2,232 $2,085 7.1 %
Total Retail Client
Assets ($MM)
Client assets in
trading/investing
accounts $85,119 $83,143 2.4 % $85,119 $88,137 (3.4)%
Deposits in
customer
accounts $12,024 $12,071 (0.4)% $12,024 $12,303 (2.3)%
Total retail
assets/deposits $97,143 $95,214 2.0 % $97,143 $100,440 (3.3)%
Loan Originations
($MM)
Direct mortgage
originations $177 $172 3.0 % $350 $701 N.M.
Consumer loan
originations,
incl HELOCs $175 $131 33.6 % $306 $527 N.M.
* Q105 quarter-to-date (QTD) includes results for the two months ended
February 28, 2005
Historical monthly metric data from January 2003 to February 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 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, 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
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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