E*TRADE Financial Corp (ETFC) Releases Earnings Results, Beats Expectations By $0.10 EPS

E*TRADE Financial Corp (ETFC) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.33. The company posted revenue of $472.00 million in the period, compared to analysts expectations of $475.14 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

E*TRADE Financial Corp opened for trading at $24.4 and hit $24.705 on the upside on Monday, eventually ending the session at $24.68, with a gain of 0.65% or 0.16 points. The heightened volatility saw the trading volume jump to 24,39,122 shares. Company has a market cap of $6,977 M.

In a different news, on Feb 11, 2016, Michael A. Pizzi (EVP & Chief Financial Officer) sold 22,262 shares at $21.29 per share price. According to the SEC, on Sep 15, 2015, Karl A Roessner (EVP & General Counsel) sold 2,692 shares at $26.96 per share price. On Mar 6, 2015, James P Healy (director) purchased 10,000 shares at $26.75 per share price, according to the Form-4 filing with the securities and exchange commission.

E*Trade Financial Corporation is a financial services company and an online brokerage industry. The Company offers solutions for individual investors and stock plan participants. The Company offers its customers to take control of its financial futures by providing the products tools services and advice they need to meet their near and long term investing goals. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 Company branches across the United States. The Company operates a bank with the primary purpose of maximizing the value of deposits generated though its brokerage business.

E*TRADE Financial Corp

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