E*TRADE Financial (ETFC) DARTs Down 5% in May; 'At Risk' Delinquencies Down 3%
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E*TRADE Financial Corporation (Nasdaq: ETFC) today released its Monthly Activity Report for May 2012.
Daily Average Revenue Trades (“DARTs”) for May were 146,254, flat with April and a five percent decrease from the year-ago period. The Company added 43,040 gross new brokerage accounts in May, ending the month with approximately 2.9 million brokerage accounts – an increase of 28,140 from April. Total accounts ended the month at approximately 4.4 million.
Net new brokerage assets were positive $1.3 billion in the month. During the month, customer security holdings decreased by six percent, or $7.8 billion, and brokerage-related cash decreased by $0.6 billion to $29.3 billion, as customers were net buyers of approximately $1.9 billion in securities. Bank-related cash and deposits decreased by $0.2 billion, ending the month at $7.5 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) decreased five percent from March 31, 2012 to May 31, 2012 and increased four percent from April 30, 2012 to May 31, 2012, while total “at risk” delinquencies (30 to 179 days delinquent) decreased three percent from March 31, 2012 to May 31, 2012 and increased four percent from April 30, 2012 to May 31, 2012.
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Daily Average Revenue Trades (“DARTs”) for May were 146,254, flat with April and a five percent decrease from the year-ago period. The Company added 43,040 gross new brokerage accounts in May, ending the month with approximately 2.9 million brokerage accounts – an increase of 28,140 from April. Total accounts ended the month at approximately 4.4 million.
Net new brokerage assets were positive $1.3 billion in the month. During the month, customer security holdings decreased by six percent, or $7.8 billion, and brokerage-related cash decreased by $0.6 billion to $29.3 billion, as customers were net buyers of approximately $1.9 billion in securities. Bank-related cash and deposits decreased by $0.2 billion, ending the month at $7.5 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) decreased five percent from March 31, 2012 to May 31, 2012 and increased four percent from April 30, 2012 to May 31, 2012, while total “at risk” delinquencies (30 to 179 days delinquent) decreased three percent from March 31, 2012 to May 31, 2012 and increased four percent from April 30, 2012 to May 31, 2012.
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