|Bid||45.22 x 1300|
|Ask||45.42 x 1400|
|Day's Range||44.53 - 45.67|
|52 Week Range||34.68 - 52.35|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||11.85|
|Earnings Date||Apr 14, 2020 - Apr 19, 2020|
|Forward Dividend & Yield||0.56 (1.20%)|
|Ex-Dividend Date||Nov 06, 2019|
|1y Target Est||49.67|
E*TRADE (ETFC) Q4 performance displays a rise in non-interest income, a benefit to provision for loan losses and improved DARTs, partly muted by fall in net interest income and higher expenses.
Shares of E*Trade slumped Friday after a disappointing earnings report, with one analyst suggesting the online trading platform could be an ideal acquisition target amid industry consolidation. E*Trade's stock price fell 1.93% to $45.18 a share as investors digested the company's fourth-quarter earnings fizzle. The online trading company, which relies heavily on retail investors, posted earnings of $172 million, compared with $270 million, or $1.06 a share during the same period in 2018.
E-Trade just barely topped Q4 views after TD Ameritrade and Interactive Brokers missed on earnings as the online brokers eliminated trading fees last year.
E-Trade Financial Corp. late Thursday reported mixed fourth-quarter earnings, missing per-share expectations but beating revenue forecast, and the stock fell in the extended session. E-Trade said it earned $172 million, or 76 cents a share, in the quarter, compared with $270 million, or $1.06 a share, in the year-ago quarter. Revenue fell to $679 million, from $735 million. Analysts polled by FactSet had expected the discount brokerage to report a profit of 81 cents a share on sales of $671 million. The company also declared a dividend of 14 cents, payable March 2 to shareholders of record on Feb. 25. E-trade "generated our best year ever for customer trading, growth in customer cash, and stock plan implementations," the company said in a statement. E-Trade and other brokerages late last year dropped commission fees on some trades.
E*TRADE Financial Corporation (NASDAQ: ETFC) today announced it received a perfect score of 100 on the Human Rights Campaign (HRC) Foundation’s 2020 Corporate Equality Index (CEI) for the second year in a row.
TD Ameritrade's (AMTD) Q1 (ending Dec 31) earnings underline lower revenues and higher expenses, partly mitigated by steady trading activity.
E*TRADE's (ETFC) Q4 earnings likely to reflect improved trading performance, partly offset by depressing impact of lower net interest income.
Higher expenses and decline in daily average revenue trades hurt Interactive Brokers' (IBKR) Q4 earnings. However, increase in revenues offers some support.
Alaska Air Group, Valero Energy and Comcast are among the companies that are expected to announce dividend increases next week.
E*TRADE Financial Corporation (NASDAQ: ETFC) today announced that Corporate Controller Brent Simonich will assume the Chief Risk Officer role after Paul Brandow advised the Company of his decision to retire, following over a decade of service to the firm. The appointment of Mr. Simonich is effective immediately, while Mr. Brandow has agreed to serve in an advisory capacity throughout the transition.
Charles Schwab earnings missed Q4 estimates, but a surge in new assets suggested the brokerage remained competitive even as the entire industry moved to zero-fee trades.
E*TRADE Financial Corporation (ETFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
E*TRADE Financial Corporation (NASDAQ: ETFC) today announced results from the most recent wave of StreetWise, the E*TRADE quarterly tracking study of experienced investors. Results indicate increasingly bullish investor views:
On customer demand, Goldman Sachs (GS) launches a mobile app for Marcus, which is likely to boost the bank's consumer business and help clients access account information easily.
E*TRADE Financial Corporation (NASDAQ:ETFC) today announced that it will report its fourth quarter 2019 financial results after the close of the US financial markets on Thursday, January 23. The Company will host a conference call to discuss the results at 5 p.m. ET. Domestic participants can access the call directly by dialing 800-768-2107 while international participants should dial +1 212 231 2915. A live audio webcast and replay will also be available at https://about.etrade.com.
Charles Schwab and other online brokers have to prove to investors that brokerage stocks can grow and thrive, with a pillar of their business models gone.
The independent advice business is still a business—its aim is to turn a profit. There’s nothing wrong with that, but you need to know what practices benefit them more than you.
E*TRADE Financial Corporation (NASDAQ:ETFC) today released the data from its monthly sector rotation study, based on the E*TRADE customer net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors.