* Retail DARTs decreased 1.9 percent from June, Professional DARTs
decreased 1.0 percent and Total DARTs decreased 1.6 percent
* Month-end margin debt balances increased 1.1 percent, or $22 million,
to $2.09 billion
* Total assets and deposits in customer accounts decreased 9.4 percent to
$80.4 billion
* Gross new accounts totaled 56,969
NEW YORK, Aug. 18 /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 66,921 and
Professional DARTs of 39,702 for Total DARTs of 106,623 -- representing a 1.6
percent sequential decrease from June. Margin debt balances increased 1.1
percent sequentially to $2.09 billion at month end.
"July retail volumes were affected by traditional seasonality," said R.
Jarrett Lilien, President and Chief Operating Officer, E*TRADE FINANCIAL
Corporation. "In this type of market, we continue to benefit from
diversification within brokerage where we experienced relative strength in our
International and Professional segments. We also continue to execute on our
integration strategy by sweeping an additional $800 million of brokerage
customer funds to the bank so far in August."
MONTHLY ACTIVITY DATA
July-04
vs.
July-04 Qtr Qtr
vs. Ended Ended
July-04 June-04 June-04 6/30/04 6/30/04
Trading days 21.0 21.0 N.M. 62.0 N.M.
Daily Average Revenue Trades
(DARTs)
Retail 66,921 68,248 (1.9)% 79,675 (16.0)%
US 57,192 59,110 (3.2)% 69,073 (17.2)%
International 9,729 9,138 6.5 % 10,602 (8.2)%
Professional 39,702 40,096 (1.0)% 47,758 (16.9)%
Total DARTs 106,623 108,344 (1.6)% 127,433 (16.3)%
Market Making
Equity shares traded (MM) 27,888 42,117 (33.8)% 89,792 N.M.
Gross New Accounts
Brokerage 42,679 35,333 N.M. 130,793 N.M.
Banking 14,290 16,205 N.M. 37,726 N.M.
Total gross new accounts 56,969 51,538 N.M. 168,519 N.M.
Active Accounts
Brokerage 2,892,908 2,901,140 (0.3)% 2,901,140 (0.3)%
Banking 622,253 627,567 (0.8)% 627,567 (0.8)%
Total active accounts
end of period 3,515,161 3,528,707 (0.4)% 3,528,707 (0.4)%
End of period margin
debt ($MM) $2,089 $2,067 1.1 % $2,067 1.1 %
Total Assets/Deposits ($MM)
Total client assets in
investing accounts $68,922 $76,904 (10.4)% $76,904 (10.4)%
Total deposits in banking
accounts $11,467 $11,838 (3.1)% $11,838 (3.1)%
Total assets/deposits in
customer accounts $80,389 $88,742 (9.4)% $88,742 (9.4)%
Loan Originations ($MM)
Direct mortgage originations $194 $296 (34.4)% $1,287 N.M.
Consumer loan originations,
incl HELOCs $196 $247 (20.5)% $771 N.M.
Historical monthly metric data from January 2003 to July 2004 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 brokerage, banking and lending for retail, corporate 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 is a registered trademark
or trademark 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
Tina Martineau
E*TRADE FINANCIAL Corporation
781-335-5721
tina.martineau@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
 back to top
Related links:
http://www.etrade.com
CONTACT:
media, Tina Martineau, +1-781-335-5721, or
tina.martineau@etrade.com, or investors, Adam Townsend,
+1-703-236-8719, or adam.townsend@etrade.com, both of E*TRADE
FINANCIAL Corporation
|
