- Retail DARTs increased 21.0 percent from September, Professional DARTs
increased 34.7 percent and Total DARTs increased 25.8 percent
- Month-end margin debt balances decreased 1.0 percent, or by $21
million, to $2.02 billion
- Total assets and deposits in customer accounts increased 6.3 percent to
$88.6 billion
- Gross new accounts totaled 78,109
NEW YORK, Nov. 15 /PRNewswire-FirstCall/ -- E*TRADE FINANCIAL Corporation
(NYSE: ET) today released its Monthly Activity Report for October. The
Company reported monthly Retail Daily Average Revenue Trades (DARTs) of 77,100
and Professional DARTs of 46,000 for Total DARTs of 123,100 -- the highest
level since April 2004. Margin debt balances decreased 1.0 percent
sequentially to $2.02 billion at month end.
"Our integrated financial products position us to capitalize on both
increased trading volumes and growth in customer cash balances driven by
improving investor confidence," said R. Jarrett Lilien, President and Chief
Operating Officer of E*TRADE FINANCIAL. "Inflows into existing customer
accounts so far in the fourth quarter through the first week of November have
generated organic growth in our Sweep Deposit Account of nearly $230 million
out of approximately $728 million since inception just over a year ago,
leading to total SDA balances of over $5.8 billion."
Monthly Activity Data
Oct-04
Oct-04 vs. Qtr
vs. Qtr Ended Ended
Oct-04 Sep-04 Sep-04 9/30/04 9/30/04
Trading days 21.0 21.0 N.M. 64.0 N.M.
Daily Average Revenue
Trades (DARTs)
Retail 77,117 63,710 21.0% 62,771 22.9%
US 64,856 53,077 22.2% 53,050 22.3%
International 12,261 10,633 15.3% 9,721 26.1%
Professional 45,995 34,144 34.7% 34,633 32.8%
Total DARTs 123,112 97,854 25.8% 97,404 26.4%
Market Making
Equity shares traded (MM) 30,871 17,784 73.6% 65,037 N.M.
Gross New Accounts
Brokerage 58,466 25,583 N.M. 105,870 N.M.
Banking 19,643 14,284 N.M. 60,998 N.M.
Total gross new accounts 78,109 39,867 N.M. 166,868 N.M.
Active Accounts
Brokerage 2,921,776 2,895,106 0.9% 2,895,106 0.9%
Banking 637,540 632,328 0.8% 632,328 0.8%
Total active accounts
end of period 3,559,316 3,527,434 0.9% 3,527,434 0.9%
End of period margin
debt ($MM) $2,021 $2,042 (1.0)% $2,042 (1.0)%
Total Assets /
Deposits ($MM)
Total client assets in
investing accounts $76,590 $71,399 7.3% $71,399 7.3%
Total deposits in
banking accounts $12,052 $12,027 0.2% $12,027 0.2%
Total assets / deposits
in customer accounts $88,642 $83,426 6.3% $83,426 6.3%
Loan Originations ($MM)
Direct mortgage
originations $238 $243 (2.2)% $646 N.M.
Consumer loan originations,
incl HELOCs $189 $164 15.2% $563 N.M.
Historical monthly metric data from January 2003 to October 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
Pam Erickson
E*TRADE FINANCIAL Corporation
916-858-8835
mediainq@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, +1-916-858-8835, or
mediainq@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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