NEW YORK, Nov. 11 /PRNewswire-FirstCall/ -- E*TRADE FINANCIAL Corporation
(NYSE: ET) today released its Monthly Business Metrics Report for October.
The Company reported monthly Retail Daily Average Revenue Trades (DARTs) of
114,052 and Professional DARTs of 31,947 for Total DARTs of 145,999. Retail
DARTs increased 16.4 percent from September and increased 47.9 percent from a
year ago, while Total DARTs increased 12.1 percent from September and
increased 18.6 percent from a year ago. Average margin debt balances
increased 44.2 percent from September and 65.3 percent from a year ago to
$3.3 billion. The Company also reported total client assets of $137.7
billion, representing a 29.4 percent increase from September and a 56.0
percent increase over the year ago period.
KEY PERFORMANCE METRICS (1)
Oct-05
Oct-05 vs. Qtr
vs. Qtr Ended Ended
Oct-05 Sep-05 Sep-05 9/30/05 9/30/05
Trading days 21.0 21.0 N.M. 64.0 N.M.
Daily Average Revenue
Trades (DARTs)
Retail 114,052 97,960 16.4 % 93,876 21.5 %
US 98,787 82,529 19.7 % 79,257 24.6 %
International 15,265 15,431 (1.1)% 14,619 4.4 %
Professional 31,947 32,229 (0.9)% 31,658 0.9 %
Total DARTs 145,999 130,189 12.1 % 125,534 16.3 %
Market Making
Equity shares traded (MM) 10,154 12,268 (17.2)% 35,125 N.M.
Average revenue capture
per 1,000 shares $0.634 $0.522 21.5 % $0.535 18.5 %
Gross New Accounts
Investing/Trading accounts 484,423 45,499 N.M. 155,304 N.M.
Deposit/Lending accounts 15,557 25,263 N.M. 68,560 N.M.
Total gross new accounts 499,980 70,762 N.M. 223,864 N.M.
Active Accounts
Investing/
Trading accounts 3,426,892 3,014,467 13.7 % 3,014,467 13.7 %
Deposit/Lending accounts 679,921 678,449 0.2 % 678,449 0.2 %
Total active accounts
end of period 4,106,813 3,692,916 11.2 % 3,692,916 11.2 %
End of period margin
debt ($MM) $3,352 $2,436 37.6 % $2,436 37.6 %
Average margin debt ($MM) $3,335 $2,312 44.2 % $2,286 45.9 %
Retail Assets/Deposits ($MM)
Retail client assets in
investing accounts $123,627 $92,417 33.8 % $92,417 33.8 %
Retail deposits in
customer accounts $14,088 $14,031 0.4 % $14,031 0.4 %
Total retail assets/
deposits in customer
accounts $137,715 $106,448 29.4 % $106,448 29.4 %
(1) October data includes 425,469 accounts, 16,202 DARTs, $33.3M in assets
and $892M in average margin debt from the acquisition of
HarrisDirect
Historical monthly metric data from January 2003 to October 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 Investor Relations
E*TRADE FINANCIAL Media Contact Contact
Pam Erickson Adam Townsend
E*TRADE FINANCIAL Corporation E*TRADE FINANCIAL Corporation
617-296-6080 703-236-8719
pam.erickson@etrade.com 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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