E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name. It operates through two segments, Trading and Investing, and Balance Sheet Management. The Trading and Investing segment offers retail brokerage products and services, investor-focused banking products, and corporate services. The Balance Sheet Management segment manages asset allocation; loans previously originated by the company or purchased from third parties; deposits and customer payables; and credit, liquidity, and interest rate risk. The company provides its services to customers through digital platforms; and a network of customer service representatives and financial consultants through phone, email, and online at two branches, as well as in person through 30 branches across the United States. E*TRADE Financial Corporation was incorporated in 1982 and is headquartered in New York, New York.
E-Trade beats Street 3Q forecasts NEW YORK (AP) _ E-Trade Financial Corp. (ETFC) on Thursday reported third-quarter net income of $139 million, after reporting a loss in the same period a year earlier. The New York-based company said it had earnings of 51 cents per share. The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. The online brokerage posted revenue of $486 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $467.6 million. E-Trade shares have dropped roughly 5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 5 percent. In the final minutes of trading on Thursday, shares hit $28.20, a climb of 5 percent in the last 12 months.
