- Retail DARTs decreased 0.7 percent from April, Professional DARTs
decreased 7.7 percent and Total DARTs decreased 2.8 percent
- Average margin debt balances decreased 3.7 percent to $2.16 billion
- Total retail assets and deposits in customer accounts increased
6.9 percent to $96.2 billion
- Gross new accounts totaled 58,127
NEW YORK, June 15 /PRNewswire-FirstCall/ -- E*TRADE FINANCIAL Corporation
(NYSE: ET) today released its Monthly Activity Report for May. The Company
reported monthly Retail Daily Average Revenue Trades (DARTs) of 78,800 and
Professional DARTs of 33,100 for Total DARTs of 111,900. Retail DARTs
decreased 0.7 percent from April and increased 10.1 percent from a year ago,
while Total DARTs decreased 2.8 percent from April and 2.4 percent from a year
ago. Total retail assets and deposits increased 6.9 percent from April and
12.3 percent from a year ago. In addition, the Company added total gross new
accounts of 58,130 and generated net new account growth of 7,980 for total end
of period active accounts of 3,640,140.
"We are very pleased with the results we are seeing so far from the
rollout of E*TRADE Complete and our latest marketing initiatives," said R.
Jarrett Lilien, President and Chief Operating Officer, E*TRADE FINANCIAL. "In
May, we continued to be encouraged by further relative market share gains in
trading activity, as well as by the growth in customer cash balances across
our suite of cash management solutions. Additionally, the positive annual
growth trends in retail trading activity, customer assets and total accounts
indicate that we are successfully executing on our strategy and delivering
value to customers and shareholders."
KEY PERFORMANCE METRICS
Monthly Metrics for External Reporting
Q205
QTD*
vs.
May-05 Qtr Qtr
vs. Q205 Ended Ended
May-05 Apr-05 Apr-05 QTD* 3/31/05 3/31/05
Trading days 21.0 21.0 N.M. 42.0 61.0 N.M.
Daily Average
Revenue Trades
(DARTs)
Retail 78,797 79,316 (0.7)% 79,057 88,075 (10.2)%
US 67,187 65,926 1.9 % 66,557 74,133 (10.2)%
International 11,610 13,390 (13.3)% 12,500 13,942 (10.3)%
Professional 33,131 35,890 (7.7)% 34,510 46,695 (26.1)%
Total DARTs 111,928 115,206 (2.8)% 113,567 134,770 (15.7)%
Market Making
Equity shares
traded (MM) 10,716 9,906 8.2% 20,622 57,385 N.M.
Average revenue
capture per
1,000 shares $0.475 $0.490 (3.1)% $0.482 $0.329 46.4%
Gross New Accounts
Investing/Trading
accounts 40,707 51,693 N.M. 92,400 133,951 N.M.
Deposit/Lending
accounts 17,420 18,563 N.M. 35,983 58,454 N.M.
Total gross
new accounts 58,127 70,256 N.M. 128,383 192,405 N.M.
Active Accounts
Investing/Trading
accounts 2,994,066 2,986,705 0.2% 2,994,066 2,975,744 0.6%
Deposit/Lending
accounts 646,070 645,453 0.1% 646,070 642,264 0.6%
Total active
accounts end
of period 3,640,136 3,632,158 0.2% 3,640,136 3,618,008 0.6%
End of period
margin debt
($MM) $2,167 $2,249 (3.6)% $2,167 $2,266 (4.4)%
Average margin
debt ($MM) $2,163 $2,247 (3.7)% $2,204 $2,239 (1.6)%
Retail Assets/
Deposits ($MM)
Retail client
assets in
investing
accounts $83,279 $77,531 7.4% $83,279 $82,336 1.1%
Retail deposits
in customer
accounts $12,952 $12,485 3.7% $12,952 $12,520 3.5%
Total retail
assets /
deposits in
customer
accounts $96,231 $90,016 6.9% $96,231 $94,856 1.4%
Loan Originations ($MM)
Direct mortgage
originations $150 $155 (3.2)% $305 $626 N.M.
Consumer loan
originations,
incl HELOCs $137 $191 (28.3)% $328 $490 N.M.
* Q205 quarter-to-date (QTD) includes results for the two months ended
May 31, 2005
Historical monthly metric data from January 2003 to May 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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