NEW YORK, Sept. 14 /PRNewswire-FirstCall/ -- E*TRADE FINANCIAL Corporation
(NYSE: ET) today released its Monthly Business Metrics Report for August. The
Company reported monthly Retail Daily Average Revenue Trades (DARTs) of 90,676
and Professional DARTs of 30,410 for Total DARTs of 121,086. Retail DARTs
decreased 2.8 percent from July and increased 56.6 percent from a year ago,
while Total DARTs decreased 3.7 percent from July and increased 37.3 percent
from a year ago. Average margin debt balances increased 2.9 percent from July
and 14.7 percent from a year ago to $2.3 billion. The Company also reported
total client assets of $103.3 billion, representing a 1.6 percent decline from
July and a 30.9 percent increase over the year ago period. Gross new accounts
for the month totaled 64,071, resulting in total end of period active accounts
of 3,696,433.
"We are pleased with the strength we have seen throughout the summer in
our investing, credit and cash management solutions," said R. Jarrett Lilien,
President and Chief Operating Officer, E*TRADE FINANCIAL. "In what is
typically a seasonally slow month, we generated double-digit, year-over-year
growth in trading volumes, margin balances and client assets. In addition, the
continued successful roll out and marketing of E*TRADE Complete drove an
increase in deposit balances for the fourth consecutive month in August,
putting us on track for $1 billion of growth in client cash balances this
quarter."
KEY PERFORMANCE METRICS
Q305
QTD *
Aug-05 Qtr vs. Qtr
vs. Q305 Ended Ended
Aug-05 Jul-05 Jul-05 QTD * 6/30/05 6/30/05
Trading days 23.0 20.0 N.M. 43.0 64.0 N.M.
Daily Average Revenue
Trades (DARTs)
Retail 90,676 93,267 (2.8)% 91,881 80,869 13.6 %
US 76,365 79,146 (3.5)% 77,658 68,256 13.8 %
International 14,311 14,121 1.3 % 14,223 12,613 12.8 %
Professional 30,410 32,494 (6.4)% 31,379 34,425 (8.8)%
Total DARTs 121,086 125,761 (3.7)% 123,260 115,294 6.9 %
Market Making
Equity shares
traded (MM) 12,192 10,666 14.3 % 22,858 30,584 N.M.
Average revenue
capture per
1,000 shares $0.488 $0.605 (19.3)% $0.543 $0.515 5.5 %
Gross New Accounts
Investing/Trading
accounts 44,981 64,824 N.M. 109,805 142,010 N.M.
Deposit/Lending
accounts 19,090 24,207 N.M. 43,297 62,099 N.M.
Total gross new
accounts 64,071 89,031 N.M. 153,102 204,109 N.M.
Active Accounts
Investing/Trading
accounts 3,027,830 3,020,332 0.2 % 3,027,830 2,990,586 1.2 %
Deposit/Lending
accounts 668,603 663,750 0.7 % 668,603 653,602 2.3 %
Total active
accounts end
of period 3,696,433 3,684,082 0.3 % 3,696,433 3,644,188 1.4 %
End of period
margin
debt ($MM) $2,333 $2,300 1.4 % $2,333 $2,277 2.5 %
Average margin
debt ($MM) $2,306 $2,240 2.9 % $2,273 $2,196 3.5 %
Retail Assets/Deposits ($MM)
Retail client
assets in
investing
accounts $90,045 $92,000 (2.1)% $90,045 $84,273 6.8 %
Retail deposits
in customer
accounts $13,218 $12,941 2.1 % $13,218 $12,562 5.2 %
Total retail
assets/deposits
in customer
accounts $103,263 $104,941 (1.6)% $103,263 $96,835 6.6 %
* Q305 quarter-to-date (QTD) includes results for the two months ended
August 31, 2005
Historical monthly metric data from January 2003 to August 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 investor relations, Adam Townsend,
+1-703-236-8719, or adam.townsend@etrade.com, both of E*TRADE
FINANCIAL Corporation
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