- Retail DARTs increased 10.6 percent from June, Professional DARTs
decreased 5.2 percent and Total DARTs increased 6.0 percent
- Average margin debt balances increased 2.8 percent to $2.24 billion
- Total retail assets and deposits in customer accounts increased 8.4
percent sequentially to $104.9 billion
- Gross new accounts totaled 89,031
NEW YORK, Aug. 17 /PRNewswire-FirstCall/ -- E*TRADE FINANCIAL Corporation
(NYSE: ET) today released its Monthly Activity Report for July. The Company
reported monthly Retail Daily Average Revenue Trades (DARTs) of 93,267 and
Professional DARTs of 32,494 for Total DARTs of 125,761. Retail DARTs
increased 10.6 percent from June and increased 39.4 percent from a year ago,
while Total DARTs increased 6.0 percent from June and 18.0 percent from a year
ago. Total retail assets and deposits increased 8.4 percent from June and
31.2 percent from a year ago. In addition, the Company added total gross new
accounts of 89,031, generating net new account growth of 39,894 for total end
of period active accounts of 3,684,082.
"July was a great month. We saw a nice pick up in new accounts, as well as
increased activity across the board and continued growth in our market share,"
said R. Jarrett Lilien, President and Chief Operating Officer, E*TRADE
FINANCIAL. "E*TRADE Complete continues to gain traction as customers broaden
their engagement with our investing, credit and cash management solutions."
Last week E*TRADE FINANCIAL announced two acquisitions -- online broker
Harrisdirect and registered investment advisor Kobren Insight
Management -- accelerating the Company's aggressive growth goals while
building on its proven ability to grow the franchise organically. These
acquisitions will provide the Company with further leverage to monetize all
aspects of the Retail customer relationship among its Retail and Institutional
businesses.
KEY PERFORMANCE METRICS
Jul-05
Jul-05 vs. Qtr
vs. Qtr Ended Ended
Jul-05 Jun-05 Jun-05 6/30/05 6/30/05
Trading days 20.0 22.0 N.M. 64.0 N.M.
Daily Average Revenue
Trades (DARTs)
Retail 93,267 84,327 10.6 % 80,869 15.3 %
US 79,146 71,500 10.7 % 68,256 16.0 %
International 14,121 12,827 10.1 % 12,613 12.0 %
Professional 32,494 34,263 (5.2)% 34,425 (5.6)%
Total DARTs 125,761 118,590 6.0 % 115,294 9.1 %
Market Making
Equity shares traded (MM) 10,666 9,962 7.1 % 30,584 N.M.
Average revenue capture
per 1,000 shares $0.605 $0.582 4.0 % $0.515 17.5 %
Gross New Accounts
Investing/Trading accounts 64,824 49,610 N.M. 142,010 N.M.
Deposit/Lending accounts 24,207 26,116 N.M. 62,099 N.M.
Total gross new accounts 89,031 75,726 N.M. 204,109 N.M.
Active Accounts
Investing/Trading
accounts 3,020,332 2,990,586 1.0 % 2,990,586 1.0 %
Deposit/Lending accounts 663,750 653,602 1.6 % 653,602 1.6 %
Total active accounts end
of period 3,684,082 3,644,188 1.1 % 3,644,188 1.1 %
End of period margin
debt ($MM) $2,300 $2,277 1.0 % $2,277 1.0 %
Average margin debt ($MM) $2,240 $2,180 2.8 % $2,196 2.0 %
Retail Assets/Deposits ($MM)
Retail client assets in
investing accounts $92,000 $84,273 9.2 % $84,273 9.2 %
Retail deposits in
customer accounts $12,941 $12,562 3.0 % $12,562 3.0 %
Total retail assets /
deposits in customer
accounts $104,941 $96,835 8.4 % $96,835 8.4 %
Historical monthly metric data from January 2003 to July 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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