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| News |
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| April 12,
2000 |
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Financial
Industry Shows Largest Growth in Ad Spending
The Category's 23.5% Bests the 10.3% Overall Increase |
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| Behind a healthy economy, strong consumer
confidence and extraordinary interest in online stock trading, the
financial industry posted the highest percent increase in 1999 advertising
expenditures over 1998 figures among all major industries according
to Competitive Media Reporting (CMR), the nation's leading provider
of advertising intelligence. The sector spent $4.751 billion in 1999,
an increase of 23.5% over the previous year. Overall, advertisers
increased their outlay by 10.3%. Credit card companies and investment
houses certainly dominated the list of parent companies - all showing
double digit increases. While Morgan Stanley Dean Witter ranked
third in expenditures, their outlay jumped by almost 60% - with
only 6.9% of their total budget supporting the Discover Brokerage
Service.
As evidenced by E*Trade's ranking as the second leading brand,
the industry got a tremendous boost from online investment brokers;
this subset of the financial industry saw a 497.8% jump in their
spending levels over last year. The leaders of this category all
enjoyed tremendous increases in their advertising outlays and were
joined by many companies which had either very low levels of 1998
spending or did not even exist a year ago.
For more information on industry parent and brand leaders, see
the attached chart.
Competitive Media Reporting is the leading provider of strategic
advertising intelligence, serving advertising agencies, advertisers,
broadcasters and publishers. The company's tracking technologies
collect occurrence and expenditure data, as well as the creative
executions of over 900,000 brands across 15 media. CMR is headquartered
in New York City and maintains sales locations in major markets
throughout the United States. For further information, visit http://www.cmr.com.
Financial
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| 1 |
American Express Co. |
289,892.00 |
248,868.80 |
16.5 |
| 2 |
Visa USA, Inc. |
268,267.70 |
225,903.40 |
18.8 |
| 3 |
Morgan Stanley DW |
254,047.70 |
159,005.70 |
59.8 |
| 4 |
Charles Schwab Corp. |
183,849.80 |
97,076.30 |
89.4 |
| 5 |
Mastercard Int'l. Inc. |
176,075.10 |
155,567.60 |
13.2 |
| ($000) |
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| 1 |
Visa Credit Card |
143,777.20 |
134,134.20 |
7.2 |
| 2 |
E*Trade Brokerage Online |
129,040.00 |
41,371.40 |
211.9 |
| 3 |
American Express Credit Card |
122,376.70 |
131,554.70 |
-7 |
| 4 |
Mastercard Credit Card |
112,687.80 |
70,514.40 |
59.8 |
| 5 |
Charles Schwab Consumer Svcs. |
96,573.90 |
52,864.10 |
82.7 |
| ($000) |
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Online Investment Brokers
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| 1 |
E*Trade Brokerage Online |
129,040.00 |
41,371.40 |
211.9 |
| 2 |
Ameritrade |
88,746.70 |
— |
— |
| 3 |
Schwab Brokers Online |
59,099.30 |
19,830.20 |
198 |
| 4 |
Fidelity Investments Online |
44,489.80 |
293.5 |
15,058.40 |
| 5 |
Datek |
35,788.80 |
8,721.00 |
310.4 |
| ($000) |
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Editor's Note:
Additional expenditure reports and analyses are available by calling
Daniel Prince & Associates — (212) 213-9060. |
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