E*TRADE Financial Corporation Company Profile (NASDAQ:ETFC)

E*TRADE Financial Corporation trades on the NASDAQ under the ticker symbol "ETFC."

E*TRADE Financial Corporation declared that its Board of Directors has authorized a stock repurchase plan on Friday, July 21st 2017, which authorizes the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 9.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

E*TRADE Financial Corporation (NASDAQ:ETFC) posted its quarterly earnings results on Thursday, July, 20th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. The business had revenue of $577 million for the quarter, compared to analysts' expectations of $553.31 million. E*TRADE Financial Corporation had a return on equity of 9.06% and a net margin of 28.42%. The company's quarterly revenue was up 21.7% compared to the same quarter last year. During the same period last year, the business posted $0.48 EPS. View E*TRADE Financial Corporation's Earnings History.

E*TRADE Financial Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 19th 2017. View Earnings Estimates for E*TRADE Financial Corporation.

16 analysts have issued 12 month price objectives for E*TRADE Financial Corporation's stock. Their forecasts range from $33.00 to $50.00. On average, they anticipate E*TRADE Financial Corporation's stock price to reach $43.93 in the next twelve months. View Analyst Ratings for E*TRADE Financial Corporation.

Here are some recent quotes from research analysts about E*TRADE Financial Corporation stock:

• 1. According to Zacks Investment Research, "Shares of E*TRADE have outperformed the industry so far this year. The performance was supported by the company’s impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. E*TRADE’s several restructuring measures and balance-sheet growth plans keep us encouraged. We anticipate the company’s focus on core operations and strategic initiatives to lead to an improved performance of the top-line. Further, the company’s improving credit quality and strong capital position will aid profitability. However, E*TRADE’s escalating expenses and intense competition remain near-term concerns." (10/10/2017)
• 2. SunTrust Banks, Inc. analysts commented, "We reiterate our Buy rating following E*TRADE's February monthly metrics report, which featured strong customer asset and DART growth. Higher shortterm interest rates, as implied by the Fed Funds curve, should also contribute to EPS growth on the margin. Our $40 PT consists of a $38 going concern valuation, which equates to 21x on 2018E EPS discounted two years at 10% (consistent with the 10 year median), and a $2 put option on the possible sale of the company." (3/14/2017)
• 3. Instinet analysts commented, "We are updating our ETFC forecasts post earnings, reflecting 4Q beat on expenses / provision, as well as updated guidance on bank growth targets, NIM potential, SIFI costs, and OptionsHouse integration progress. 4Q print, guidance provides meaningful fodder for bulls; raising ests., TP to $46 (from $42). Solid 4Q results were supplemented by favorable management guidance on bank growth / margin targets. FY17E EPS from $1.94 to $2.02; FY18E EPS from $2.24 to $2.41." (1/27/2017)
• 4. Jefferies Group LLC analysts commented, "ETFC reported 4Q16 EPS of $0.46 compared to our estimate of $0.42 and consensus of $0.43. Revenues were modestly below forecast; however, it was more than made up by offsets in lower than estimated expenses. Notably, ETFC has crossed the $50B B/S threshold and is on pace for $56B by mid-year 2017 with a Y/E goal of $62B. Op. margin guidance of 38% for FY2017 should steadily improve throughout the year." (1/27/2017)

Some companies that are related to E*TRADE Financial Corporation include Nomura Holdings Inc ADR (NMR), Raymond James Financial (RJF), LPL Financial Holdings (LPLA), Evercore (EVR), Tp Icap Plc (TCAP), IG Group Holdings plc (IGG), Cowen Group (COWN), GAIN Capital Holdings (GCAP), H&T Group Plc (HAT), ICAP plc (IAP) and Tp Icap Plc (TLPR).

E*TRADE Financial Corporation's management team includes the folowing people:

• Rodger A. Lawson, Executive Chairman of the Board
• Karl A. Roessner, Chief Executive Officer, Director
• Michael A. Pizzi, Chief Financial Officer
• Paul W. Brandow, Chief Risk Officer
• Lori S. Sher, General Counsel
• Michael J. Curcio, Chief Brokerage Officer
• Brett H. Goodman, Chief Communications Officer
• Kevin T. Kabat, Lead Independent Director
• Richard J. Carbone, Independent Director
• James P. Healy, Independent Director

E*TRADE Financial Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Eqis Capital Management Inc. (0.02%) and Crow Point Partners LLC (0.00%). Company insiders that own E*TRADE Financial Corporation stock include Brent Simonich, James P Healy, Karl A Roessner, Michael A Pizzi, Michael John Curcio, Paul Idzik and Rodger A Lawson. View Institutional Ownership Trends for E*TRADE Financial Corporation.

E*TRADE Financial Corporation's stock was sold by a variety of institutional investors in the last quarter, including Crow Point Partners LLC. Company insiders that have sold E*TRADE Financial Corporation stock in the last year include Brent Simonich, Karl A Roessner, Michael A Pizzi, Michael John Curcio and Rodger A Lawson. View Insider Buying and Selling for E*TRADE Financial Corporation.

E*TRADE Financial Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Eqis Capital Management Inc.. View Insider Buying and Selling for E*TRADE Financial Corporation.

Shares of E*TRADE Financial Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of E*TRADE Financial Corporation stock can currently be purchased for approximately $44.49.