E*TRADE Financial Corporation Reports Monthly Activity for November 2012; Provides Updates to Its Lo

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E*TRADE Financial Corporation Reports Monthly Activity for November 2012; Provides Updates to Its Loan Delinquencies

NEW YORK--(BUSINESS WIRE)-- E*TRADE Financial Corporation (NAS: ETFC) today released its Monthly Activity Report for November 2012.

Daily Average Revenue Trades ("DARTs") for November were 130,202, a five percent increase from October and an eight percent decrease from the year-ago period. The Company added 26,312 gross new brokerage accounts in November, ending the month with approximately 2.9 million brokerage accounts - an increase of 7,361 from October. Total accounts ended the month at approximately 4.5 million.


Net new brokerage assets were positive $0.8 billion in the month. During the month, customer security holdings increased by one percent, or $1.3 billion, and brokerage-related cash increased by $0.2 billion to $31.9 billion, while customers were net buyers of approximately $0.3 billion in securities. Bank-related cash and deposits ended the month unchanged, at $7.1 billion.

The Company also updated delinquency statistics in its loan portfolio. For the Company's entire loan portfolio; total special mention delinquencies (30 to 89 days delinquent) increased three percent from September 30, 2012 to November 30, 2012 and decreased two percent from October 31, 2012 to November 30, 2012, while total "at risk" delinquencies (30 to 179 days delinquent) increased two percent from September 30, 2012 to November 30, 2012 and decreased two percent from October 31, 2012 to November 30, 2012. Additional loan delinquency data is provided in the second table of this release.

            

Monthly Activity Data

Nov-12Oct-12Nov-11% Chg. M/M% Chg. Y/Y
 
 
Trading days20.521.020.5N.M.N.M.
 
DARTs130,202124,246141,3614.8 %(7.9)%
 
Gross new brokerage accounts26,31223,36524,54112.6 %7.2 %
Gross new stock plan accounts27,36014,16411,38393.2 %140.4 %
Gross new banking accounts 782 857 1,391(8.8)%(43.8)%
Total gross new accounts54,45438,38637,31541.9 %45.9 %
 
Net new brokerage accounts7,361(5,153)207N.M.N.M.
Net new stock plan accounts16,4232,251(781)N.M.N.M.
Net new banking accounts (2,315) (3,608) (3,541)N.M.N.M.
Net new accounts21,469(6,510)(4,115)N.M.N.M.
 
End of period brokerage accounts2,895,0602,887,6992,772,1870.3 %4.4 %
End of period stock plan accounts1,137,5141,121,0911,062,9041.5 %7.0 %
End of period banking accounts 431,961 434,276 466,024(0.5)%(7.3)%
End of period total accounts4,464,5354,443,0664,301,1150.5 %3.8 %
 

Customer Assets ($B)

Security holdings$139.9$138.6$120.10.9 %16.5 %
Customer payables (cash)5.65.55.11.8 %9.8 %
Customer cash balances held by third parties(1)6.05.93.31.7 %81.8 %
Unexercised stock plan customer options (vested) 22.1 21.3 19.13.8 %15.7 %
Customer assets in brokerage and stock plan accounts 173.6 171.3 147.61.3 %17.6 %
Sweep deposits20.320.317.90.0 %13.4 %
Savings, transaction and other 7.1 7.1 7.80.0 %(9.0)%
Customer assets in banking accounts 27.4 27.4 25.70.0 %6.6 %
Total customer assets$201.0$198.7$173.31.2 %16.0 %
 
Net new brokerage assets ($B)(2)$0.8$0.3$0.6N.M.N.M.
Net new banking assets ($B)(2) (0.0) (0.1) (0.1)N.M.N.M.
Net new customer assets ($B)(2)$0.8$0.2$0.5N.M.N.M.
 
Brokerage related cash ($B)$31.9$31.7$26.30.6 %21.3 %
Other customer cash and deposits ($B) 7.1 7.1 7.80.0 %(9.0)%
Total customer cash and deposits ($B)$39.0$38.8$34.10.5 %14.4 %
 
Customer net (purchase) / sell activity ($B)$(0.3)$(1.3)$(1.6)N.M.N.M.

(1) Customer cash balances held by third parties are held outside E*TRADE Financial and include money market funds and sweep deposit accounts at unaffiliated financial institutions.

(2) Net new customer assets are total inflows to all new and existing customer accounts less total outflows from all closed and existing customer accounts. The net new banking assets and net new brokerage assets metrics treat asset flows between E*TRADE entities in the same manner as unrelated third party accounts.

              

Loan Delinquency Data

Nov-12Oct-12Sep-12

% Chg.
Nov 12 -
Oct 12

% Chg.
Oct 12 -
Sep 12

% Chg.
Nov 12 -
Sep 12

One- to Four-Family ($MM)

 
Current$4,943$5,005$5,122(1)%(2)%(3)%
30-89 days delinquent222231210(4)%10 %6 %
90-179 days delinquent 110 115 108(4)%6 %2 %
Total 30-179 days delinquent332346318(4)%9 %4 %
180+ days delinquent 287 294 300(2)%(2)%(4)%
Total delinquent loans(1) 619 640 618(3)%4 %0 %
Gross loans receivable(2)$5,562$5,645$5,740(1)%(2)%(3)%
 

Home Equity ($MM)

 
Current$4,135$4,206$4,277(2)%(2)%(3)%
30-89 days delinquent9493991 %(6)%(5)%
90-179 days delinquent 62 65 65(5)%0 %(5)%
Total 30-179 days delinquent156158164(1)%(4)%(5)%
180+ days delinquent 43 44 42(2)%5 %2 %
Total delinquent loans(1) 199 202 206(1)%(2)%(3)%
Gross loans receivable(2)$4,334$4,408$4,483(2)%(2)%(3)%
 

Consumer and Other ($MM)

 
Current$847$869$892(3)%(3)%(5)%
30-89 days delinquent22201810 %11 %22 %
90-179 days delinquent 4 3 333 %0 %33 %
Total 30-179 days delinquent26232113 %10 %24 %
180+ days delinquent - - -N.M.N.M.N.M.
Total delinquent loans  Read Full Story

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