Replies to post #4656 on The House of Pleasure Stock Board

[Zephyr]

morning Tina and all! I don't specically look for pinchers...but many are. :-)

Nice news on ETFC...

E*TRADE FINANCIAL Corporation Reports Monthly Activity for May 2008

Jun 18, 2008 08:05:01 (ET)


NEW YORK, Jun 18, 2008 (BUSINESS WIRE) -- E*TRADE FINANCIAL Corporation (ETFC, Trade ) today released its Monthly Activity Report for May. The Company's total retail customer assets increased 3.9 percent sequentially to $180.9 billion. Total Daily Average Revenue Trades increased 4.1 percent month over month. Net new retail accounts grew by more than 21,000.

"The growth in customer accounts, assets and activity in May further supports the restored confidence of our retail customer base," said Donald H. Layton, Chairman and Chief Executive Officer, E*TRADE FINANCIAL Corporation. "Additionally, the quality of the underlying accounts has continued to improve with May marking the third consecutive month of growth in our highest value customer segments."


MONTHLY ACTIVITY DATA

May-08 Apr-08 May-07 % Chg. M/M % Chg. Y/Y
---------- ---------- ---------- ---------- ----------

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

Daily Average
Revenue
Trades 188,333 180,970 171,387 4.1% 9.9%

Gross new
retail
accounts 80,315 84,115 101,175 N.M. N.M.

End of period
retail
accounts 4,793,219 4,771,844 4,613,232 0.4% 3.9%

Retail
Customer
Assets ($MM)
--------------
Customer
securities
holdings $ 145,832 $ 139,635 $ 176,218 4.4% (17.2)%
Customer cash
and deposits 35,105 34,497 38,184 1.8% (8.1)%
---------- ---------- ----------
Total retail
customer
assets $ 180,937 $ 174,132 $ 214,402 3.9% (15.6)%



Historical monthly metrics data from January 2003 to May 2008 can be found on the E*TRADE FINANCIAL investor relations site at https://investor.etrade.com.

About E*TRADE FINANCIAL

The E*TRADE FINANCIAL family of companies provides financial services including trading, investing and banking for retail and institutional customers. 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.

Important Notice

E*TRADE FINANCIAL, E*TRADE and the E*TRADE logo are trademarks or registered trademarks of E*TRADE FINANCIAL Corporation. The statements contained in this news release that are forward-looking are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to, changes in market activity, anticipated increases in the rate of new customer acquisition, the conversion of new visitors to the site to customers, the activity of customers and assets held at the institution, seasonality, macro trends of the economy in general and the residential real estate market, instability in the consumer credit markets and credit trends, rising mortgage interest rates, tighter mortgage lending guidelines across the industry, increased mortgage loan delinquency and default rates, portfolio growth, portfolio seasoning and resolution through collections, sales or charge-offs, the development and enhancement of products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. Further information about these risks and uncertainties can be found in the information included in the annual reports previously filed by E*TRADE FINANCIAL Corporation with the SEC on Form 10-K (including information under the caption "Risk Factors") and quarterly reports on Form 10-Q.

(C) 2008 E*TRADE FINANCIAL Corporation. All rights reserved.

SOURCE: E*TRADE FINANCIAL Corporation


E*TRADE FINANCIAL Corporation
E*TRADE FINANCIAL Media Relations Contact
Pam Erickson, 617-296-6080
[e-mail]
or
E*TRADE FINANCIAL Investor Relations Contact
Adam Townsend, 646-521-4406
[e-mail]