TNS Media Intelligence
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Matt Biscuiti
Golin/Harris International
(212) 373-6044
mbiscuiti@golinharris.com
News
 
April 12, 2000
 
Financial Industry Shows Largest Growth in Ad Spending
The Category's 23.5% Bests the 10.3% Overall Increase
 
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

Rank Parent Company 1999 1998 % Change
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)
 
Rank Brand 1999 1998 % Change
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)
 

Online Investment Brokers

Rank Parent Company 1999 1998 % Change
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)
 
Editor's Note:
Additional expenditure reports and analyses are available by calling Daniel Prince & Associates — (212) 213-9060.