Business Wire | Sep 15, 2020 08:05AM EDT

E*TRADE Financial Corporation Reports Monthly Activity for August 2020

Sep. 15, 2020

ARLINGTON, Va.--(BUSINESS WIRE)--Sep. 15, 2020--E*TRADE Financial Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for August 2020 and also provided an update for September to-date trading activity.

Daily Average Revenue Trades (DARTs) for August were 1,038,000, and derivative DARTs were a record 287,000. Trading volume has increased in September, with DARTs of 1,205,000 and derivative DARTs of 346,000 through September 11, 2020. E*TRADE facilitated its highest derivative volume day of all time in September, achieving a record 433,000 derivative DARTs on September 4.

Monthly Activity Data Aug-20 Jul-20 Aug-19 % Chg. % Chg. M/M Y/Y

Trading days 21.0 22.0 22.0 N.M. N.M.



DARTs 1,037,532 1,013,623 291,576 2 % 256 %

Derivative DARTs 286,680 273,257 102,466 5 % 180 %

Derivative DARTs % 28 % 27 % 35 % 1 % (7) %



Margin receivables ($B) $ 11.0 $ 10.0 $ 10.1 10 % 9 %



Net new retail accounts 80,507 45,842 14,923 76 % 439 %

Net new advisor services (162) (39) (145) (315) % (12) %accounts

Net new corporate services 17,514 22,465 12,580 (22) % 39 %accounts

Net new accounts 97,859 68,268 27,358 43 % 258 %



End of period retail 5,951,614 5,871,107 5,126,070 1 % 16 %accounts

End of period advisor 140,703 140,865 150,665 - % (7) %services accounts

End of period corporate 2,019,886 2,002,372 1,888,212 1 % 7 %services accounts

End of period accounts 8,112,203 8,014,344 7,164,947 1 % 13 %



Net new retail assets ($B)^ $ 4.1 $ (0.4) $ 1.2 N.M. 242 %(1)

Net new advisor services 0.1 0.2 - (50) % 100 %assets ($B)^(1)

Net new retail and advisor $ 4.2 $ (0.2) $ 1.2 N.M. 250 %services assets ($B)



Total Customer Assets ($B)

Security holdings $ 385.6 $ 347.6 $ 283.1 11 % 36 %

Cash and deposits 93.2 91.4 63.2 2 % 47 %

Retail and advisor services $ 478.8 $ 439.0 $ 346.3 9 % 38 %assets

Corporate services vested 238.0 208.7 140.6 14 % 69 %assets

Retail, advisor services,and corporate services $ 716.8 $ 647.7 $ 486.9 11 % 47 %vested assets

Corporate services unvested 233.0 193.0 116.8 21 % 99 %holdings

Total customer assets $ 949.8 $ 840.7 $ 603.7 13 % 57 %



Net (Buy) / Sell Activity ($B)

Retail net (buy) / sell $ (2.9) $ (0.6) $ (1.8) N.M. N.M.activity

Advisor services net (buy) / (0.2) (0.1) 0.5 N.M. N.M.sell activity

Net (buy) / sell activity $ (3.1) $ (0.7) $ (1.3) N.M. N.M.



Total Cash and Deposits ($B)

Brokerage sweep deposits $ 40.5 $ 37.9 $ 30.6 7 % 32 %

Bank sweep deposits^(2) 0.1 0.2 - (50) % 100 %

Customer payables 16.7 15.7 10.6 6 % 58 %

Savings, checking and other 3.6 3.5 9.4 3 % (62) %banking assets^(2)

Total on-balance sheet $ 60.9 $ 57.3 $ 50.6 6 % 20 %customer cash and deposits

Brokerage sweep deposits atunaffiliated financial 22.3 24.0 10.9 (7) % 105 %institutions

Bank sweep deposits atunaffiliated financial 7.9 8.1 - (2) % 100 %institutions^(3)

Money market funds and other 2.1 2.0 1.7 5 % 24 %

Total customer cash held by $ 32.3 $ 34.1 $ 12.6 (5) % 156 %third parties^(4)

Total customer cash and $ 93.2 $ 91.4 $ 63.2 2 % 47 %deposits

(1) Net new retail and advisor services assets exclude the effects of market movements in the value of retail and advisor services assets. (2) Beginning November 2019, bank sweep deposits include Premium Savings Accounts participating in the bank sweep deposit account program. Savings, checking, and other banking assets include $6.0 billion of deposits as of August 31, 2019 in our Premium Savings Account product that were subsequently converted to the bank sweep deposit account program. (3) Bank sweep deposits at unaffiliated financial institutions include customer cash related to Premium Savings Accounts held outside E*TRADE Financial presented net of deposit balances from unaffiliated financial institutions held on-balance sheet. (4) Customer cash held by third parties is held outside E*TRADE and includes money market funds and sweep deposit accounts at unaffiliated financial institutions, net of deposit balances from unaffiliated financial institutions held on-balance sheet. Customer cash held by third parties is not reflected in E*TRADE's consolidated or condensed consolidated balance sheet and is not immediately available for liquidity purposes.

Historical metrics and financials can be found on E*TRADE Financial's corporate website at https://about.etrade.com.

About E*TRADE Financial Corporation

E*TRADE Financial Corporation and its subsidiaries provide financial services including brokerage and related products and services to traders, investors, stock plan administrators and participants, and registered investment advisers (RIAs). Securities products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Commodity futures and options on futures products and services are offered by E*TRADE Futures LLC (Member NFA). Managed Account Solutions are offered through E*TRADE Capital Management, LLC, a Registered Investment Adviser. Bank products and services are offered by E*TRADE Bank, and RIA custody solutions are offered by E*TRADE Savings Bank, both of which are federal savings banks (Members FDIC). Employee stock and student loan benefit plan solutions are offered by E*TRADE Financial Corporate Services, Inc. E*TRADE Securities LLC, E*TRADE Futures LLC, E*TRADE Capital Management, LLC, E*TRADE Bank, E*TRADE Savings Bank, and E*TRADE Financial Corporate Services, Inc. are separate but affiliated companies. More information is available at www.etrade.com.

Important Notices

E*TRADE, E*TRADE Financial, E*TRADE Bank, E*TRADE Savings Bank, and the E*TRADE logo are trademarks or registered trademarks of E*TRADE Financial Corporation. ETFC-G

(c) 2020 E*TRADE Financial Corporation. All rights reserved.

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CONTACT: E*TRADE Media Relations 646-521-4418 mediainq@etrade.com

CONTACT: E*TRADE Investor Relations 646-521-4406 ir@etrade.com