E*TRADE FINANCIAL (ETFC) Report July Activity

E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) released its Monthly Activity Report for July. Total Daily Average Revenue Trades ("DARTs") increased 20.8% sequentially to 199,184. Total retail client assets decreased 1.9% sequentially to $208.8 billion. End of period margin debt balances increased 5.5% sequentially to $7.9 billion, with average margin debt balances increasing 5.0% to almost $7.6 billion. The Company opened 100,787 gross new retail accounts for the month - resulting in total end of period retail accounts of 4,658,228.

"Retail engagement was strong in July, generating continued growth in cash, trading and margin. Our customers maintain a healthy perspective, navigating the market in a disciplined and prudent manner," said R. Jarrett Lilien, President and Chief Operating Officer, E*TRADE FINANCIAL Corporation. "Our franchise is strong, and we do not believe the current market capitalization accurately reflects the performance of the company. As a result, we have accelerated our share repurchase activity over the past two weeks and view this as an attractive use of our capital at these levels."

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