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E*TRADE Financial Corporation Reports Monthly Activity for January 2013

  E*TRADE Financial Corporation Reports Monthly Activity for January 2013

Business Wire

NEW YORK -- February 12, 2013

E*TRADE Financial Corporation (NASDAQ: ETFC) today released its Monthly
Activity Report for January 2013.

Daily Average Revenue Trades (“DARTs”) for January were 153,580, an 18 percent
increase from December and a six percent increase from the year-ago period.
The Company added 31,286 gross new brokerage accounts in January, ending the
month with approximately 2.9 million brokerage accounts – an increase of 9,127
from December. Total accounts ended the month at approximately 4.5 million.

Net new brokerage assets were positive $1.0 billion in the month. During the
month, customer security holdings increased by 3.7 percent, or $5.1 billion,
and brokerage-related cash increased by $0.3 billion to $34.2 billion, while
customers were net buyers of approximately $0.3 billion in securities.
Bank-related cash and deposits decreased by $0.2 billion, ending the month at
$6.9 billion.

Monthly
Activity                                                        
Data
                Jan-13          Dec-12          Jan-12          % Chg.     % Chg.
                                                                M/M        Y/Y
                                                                           
                                                                           
Trading           21.0            19.5            20.0          N.M.       N.M.
days
                                                                           
DARTs             153,580         129,756         145,390       18.4 %     5.6 %
                                                                           
Gross new
brokerage         31,286          31,608          30,298        (1.0)%     3.3 %
accounts
Gross new
stock plan        21,310          22,410          29,569        (4.9)%     (27.9)%
accounts
Gross new
banking          980            742            1,525         32.1 %     (35.7)%
accounts
Total gross
new               53,576          54,760          61,392        (2.2)%     (12.7)%
accounts
                                                                           
Net new
brokerage         9,127           8,131           10,041        N.M.       N.M.
accounts
Net new
stock plan        9,114           10,080          18,234        N.M.       N.M.
accounts
Net new
banking          (2,841)        (2,689)        (2,478)       N.M.       N.M.
accounts
Net new           15,400          15,522          25,797        N.M.       N.M.
accounts
                                                                           
End of
period            2,912,318       2,903,191       2,793,053     0.3 %      4.3 %
brokerage
accounts
End of
period            1,156,708       1,147,594       1,088,648     0.8 %      6.3 %
stock plan
accounts
End of
period           426,431        429,272        461,090       (0.7)%     (7.5)%
banking
accounts
End of
period            4,495,457       4,480,057       4,342,791     0.3 %      3.5 %
total
accounts
                                                                           
Customer
Assets ($B)
Security        $ 143.8         $ 138.7         $ 126.5         3.7 %      13.7 %
holdings
Customer
payables          5.1             5.0             6.1           2.0 %      (16.4)%
(cash)
Customer
cash
balances          9.3             7.6             3.6           22.4 %     158.3 %
held by
third
parties^(1)
Unexercised
stock plan
customer         25.2           21.5           22.1          17.2 %     14.0 %
options
(vested)
Customer
assets in
brokerage        183.4          172.8          158.3         6.1 %      15.9 %
and stock
plan
accounts
Sweep             19.8            21.3            19.3          (7.0)%     2.6 %
deposits
Savings,
transaction      6.9            7.1            7.8           (2.8)%     (11.5)%
and other
Customer
assets in        26.7           28.4           27.1          (6.0)%     (1.5)%
banking
accounts
Total
customer        $ 210.1         $ 201.2         $ 185.4         4.4 %      13.3 %
assets
                                                                           
Net new
brokerage       $ 1.0           $ 1.2           $ 0.7           N.M.       N.M.
assets
($B)^(2)
Net new
banking          (0.2)          0.0            (0.1)         N.M.       N.M.
assets
($B)^(2)
Net new
customer        $ 0.8           $ 1.2           $ 0.6           N.M.       N.M.
assets
($B)^(2)
                                                                           
Brokerage
related         $ 34.2          $ 33.9          $ 29.0          0.9 %      17.9 %
cash ($B)
Other
customer
cash and         6.9            7.1            7.8           (2.8)%     (11.5)%
deposits
($B)
Total
customer
cash and        $ 41.1          $ 41.0          $ 36.8          0.2 %      11.7 %
deposits
($B)
                                                                           
Customer
net
(purchase)      $ (0.3)         $ 1.1           $ 0.9           N.M.       N.M.
/ sell
activity
($B)

(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.

Historical metrics and financials can be found on E*TRADE Financial’s investor
relations website at https://investor.etrade.com.

About E*TRADE Financial

The E*TRADE Financial family of companies provides financial services
including online brokerage and related banking products and services to retail
investors. Specific business segments include Trading and Investing and
Balance Sheet Management. Securities products and services are offered by
E*TRADE Securities LLC (Member FINRA/SIPC). Bank products and services are
offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its
subsidiaries. More information is available at www.etrade.com.

Important Notices

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

© 2013 E*TRADE Financial Corporation. All rights reserved.

Contact:

E*TRADE Financial Media Relations
Robert Horton, 646-521-4418
mediainq@etrade.com
or
E*TRADE Financial Investor Relations
Brett Goodman, 646-521-4406
brett.goodman@etrade.com
 
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