About E*TRADE Financial (NASDAQ:ETFC)
E*Trade Financial Corporation is a financial services company. The Company provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors. It provides its services to customers through its digital platforms and network of industry-licensed customer service representatives and Financial Consultants, over the phone and by e-mail. The Company's brokerage business is organized into three product areas: Trading, Investing, and Corporate Services. The Company's Trading products deliver automated trade order placement and execution services. The Company's Investing products help investors build wealth and address their long-term investing needs. The Company's Corporate Services channel provides stock plan administration services for both public and private companies.
Industry, Sector and Symbol
Industry Investment Banking & Brokerage Services
Sub-IndustryInvestment Banking & Brokerage
Trailing P/E Ratio25.18779342723
Forward P/E Ratio23.53
Sales & Book Value
Annual Sales$1.94 billion
Price / Sales7.41
Cash Flow$2.75 per share
Price / Cash19.53
Book Value$21.45 per share
Price / Book2.50
Net Income$552 million
Return on Equity9.34%
Return on Assets1.02%
E*TRADE Financial (NASDAQ:ETFC) Frequently Asked Questions
What is E*TRADE Financial's stock symbol?
E*TRADE Financial trades on the NASDAQ under the ticker symbol "ETFC."
How will E*TRADE Financial's stock buyback program work?
E*TRADE Financial declared that its Board of Directors has authorized a share buyback plan on Friday, July 21st 2017, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 9.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.
How were E*TRADE Financial's earnings last quarter?
E*TRADE Financial Corp (NASDAQ:ETFC) released its quarterly earnings data on Thursday, October, 19th. The financial services provider reported $0.55 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.04. The financial services provider earned $599 million during the quarter, compared to analysts' expectations of $598.96 million. E*TRADE Financial had a net margin of 27.35% and a return on equity of 9.34%. E*TRADE Financial's quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. View E*TRADE Financial's Earnings History.
When will E*TRADE Financial make its next earnings announcement?
Where is E*TRADE Financial's stock going? Where will E*TRADE Financial's stock price be in 2018?
14 Wall Street analysts have issued 12-month price targets for E*TRADE Financial's stock. Their predictions range from $43.00 to $67.00. On average, they anticipate E*TRADE Financial's share price to reach $51.38 in the next twelve months. View Analyst Ratings for E*TRADE Financial.
What are Wall Street analysts saying about E*TRADE Financial stock?
Here are some recent quotes from research analysts about E*TRADE Financial 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 solid capital position will aid profitability. However, intense competition and stretched valuation remain near-term concerns for E*TRADE. Notably, the company has recorded rise in DARTs in first two months of the current quarter." (12/19/2017)
- 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)
Are investors shorting E*TRADE Financial?
E*TRADE Financial saw a increase in short interest in the month of December. As of December 15th, there was short interest totalling 5,920,341 shares, an increase of 39.1% from the November 30th total of 4,257,406 shares. Based on an average daily volume of 3,015,140 shares, the short-interest ratio is currently 2.0 days. Currently, 2.2% of the company's shares are short sold.
Who are some of E*TRADE Financial's key competitors?
Who are E*TRADE Financial's key executives?
E*TRADE Financial's management team includes the folowing people:
- Rodger A. Lawson, Executive Chairman of the Board (Age 70)
- Karl A. Roessner, Chief Executive Officer, Director (Age 49)
- Michael A. Pizzi, Chief Financial Officer (Age 42)
- Paul W. Brandow, Chief Risk Officer
- Lori S. Sher, General Counsel
- Michael J. Curcio, Chief Brokerage Officer (Age 55)
- Brett H. Goodman, Chief Communications Officer
- Kevin T. Kabat, Lead Independent Director (Age 60)
- Richard J. Carbone, Independent Director (Age 69)
- James P. Healy, Independent Director (Age 66)
Who owns E*TRADE Financial stock?
E*TRADE Financial's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Frontier Capital Management Co. LLC (0.57%), Schwab Charles Investment Management Inc. (0.56%), Bank of Montreal Can (0.52%), National Pension Service (0.12%), DnB Asset Management AS (0.03%) and KAMES CAPITAL plc (0.02%). Company insiders that own E*TRADE Financial 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.
Who sold E*TRADE Financial stock? Who is selling E*TRADE Financial stock?
E*TRADE Financial's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Frontier Capital Management Co. LLC, First Citizens Bank & Trust Co., Exxonmobil Investment Management Inc. TX, KAMES CAPITAL plc, Oakbrook Investments LLC, Gateway Investment Advisers LLC and Beacon Financial Group. Company insiders that have sold E*TRADE Financial company 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.
Who bought E*TRADE Financial stock? Who is buying E*TRADE Financial stock?
E*TRADE Financial's stock was bought by a variety of institutional investors in the last quarter, including National Pension Service, Schwab Charles Investment Management Inc., DnB Asset Management AS, HWG Holdings LP, Sheets Smith Wealth Management, Acadian Asset Management LLC, New England Research & Management Inc. and Creative Planning. View Insider Buying and Selling for E*TRADE Financial.
How do I buy E*TRADE Financial stock?
Shares of E*TRADE Financial can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is E*TRADE Financial's stock price today?
One share of E*TRADE Financial stock can currently be purchased for approximately $53.65.
How big of a company is E*TRADE Financial?
E*TRADE Financial has a market capitalization of $14.38 billion and generates $1.94 billion in revenue each year. The financial services provider earns $552 million in net income (profit) each year or $2.13 on an earnings per share basis. E*TRADE Financial employs 3,601 workers across the globe.
How can I contact E*TRADE Financial?
E*TRADE Financial's mailing address is 11 Times Sq Fl 32, NEW YORK, NY 10036-6622, United States. The financial services provider can be reached via phone at +1-646-5214340 or via email at [email protected]
MarketBeat Community Rating for E*TRADE Financial (ETFC)MarketBeat's community ratings are surveys of what our community members think about E*TRADE Financial and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
E*TRADE Financial (NASDAQ:ETFC) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.79||2.73||2.75||2.72|
|Ratings Breakdown: ||0 Sell Rating(s)|
3 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$51.38||$47.77||$44.71||$39.41|
|Price Target Upside: ||4.74% downside||1.36% downside||2.34% upside||5.33% downside|
E*TRADE Financial (NASDAQ:ETFC) Consensus Price Target History
E*TRADE Financial (NASDAQ:ETFC) Analyst Ratings History
(Data available from 1/18/2016 forward)
E*TRADE Financial (NASDAQ:ETFC) Earnings History and Estimates Chart
E*TRADE Financial (NASDAQ ETFC) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/19/2017||Q3 2017||$0.51||$0.55||$598.96 million||$599.00 million||View||N/A|
|7/20/2017||Q2 2017||$0.48||$0.52||$553.31 million||$577.00 million||View||N/A|
|4/20/2017||Q1 2017||$0.39||$0.48||$532.43 million||$553.00 million||View||N/A|
|1/26/2017||Q416||$0.42||$0.46||$501.95 million||$509.00 million||View||N/A|
|10/20/2016||Q316||$0.38||$0.51||$645.00 million||$486.00 million||View||Listen|
|7/21/2016||Q216||$0.38||$0.48||$472.50 million||$474.00 million||View||Listen|
|4/21/2016||Q116||$0.33||$0.43||$476.67 million||$472.00 million||View||Listen|
|1/21/2016||Q415||$0.30||$0.30||$453.23 million||$454.00 million||View||Listen|
|10/22/2015||Q315||$0.29||$0.33||$447.53 million||$443.00 million||View||Listen|
|7/23/2015||Q215||$0.27||$0.25||$446.50 million||$445.00 million||View||Listen|
|4/23/2015||Q115||$0.21||$0.29||$446.10 million||$456.00 million||View||N/A|
|1/22/2015||Q414||$0.23||$0.26||$441.20 million||$461.00 million||View||N/A|
|10/21/2014||Q314||$0.22||$0.29||$424.40 million||$440.00 million||View||Listen|
|7/23/2014||Q214||$0.23||$0.24||$431.00 million||$438.00 million||View||N/A|
|4/23/2014||Q114||$0.23||$0.33||$454.51 million||$475.00 million||View||N/A|
|1/22/2014||Q413||$0.19||$0.20||$425.81 million||$447.10 million||View||N/A|
|10/23/2013||Q313||$0.17||$0.16||$419.41 million||$417.00 million||View||N/A|
|7/24/2013||Q2 2013||$0.12||$0.21||$420.60 million||$440.00 million||View||N/A|
|4/18/2013||Q1 2013||$0.12||$0.12||$438.38 million||$419.90 million||View||N/A|
|1/24/2013||Q4 2012||($0.54)||($0.65)||$472.46 million||$467.70 million||View||N/A|
E*TRADE Financial (NASDAQ:ETFC) Earnings Estimates
2018 EPS Consensus Estimate: $2.88
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for E*TRADE Financial (NASDAQ:ETFC)
No dividend announcements for this company have been tracked by MarketBeat.com
E*TRADE Financial (NASDAQ ETFC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.17%
Institutional Ownership Percentage: 94.14%
E*TRADE Financial (NASDAQ ETFC) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|9/13/2017||Karl A Roessner||CEO||Sell||8,578||$40.49||$347,323.22||225,731|| |
|9/13/2017||Michael John Curcio||Insider||Sell||33,474||$40.38||$1,351,680.12||267,151|| |
|8/18/2017||Karl A Roessner||CEO||Sell||14,898||$39.41||$587,130.18||232,702|| |
|8/18/2017||Michael A Pizzi||CFO||Sell||9,977||$39.41||$393,193.57||110,142|| |
|7/26/2017||Brent Simonich||Insider||Sell||5,696||$41.50||$236,384.00||31,557|| |
|7/25/2017||James P Healy||Director||Buy||5,000||$41.97||$209,850.00||40,792|| |
|3/27/2017||Rodger A Lawson||Insider||Sell||7,947||$33.03||$262,489.41||94,910|| |
|2/8/2017||Karl A Roessner||CEO||Sell||16,476||$34.72||$572,046.72||260,364|| |
|4/26/2016||Brent Simonich||Insider||Sell||3,994||$26.22||$104,722.68||45,705|| |
|4/25/2016||Karl A Roessner||EVP||Sell||16,828||$25.93||$436,350.04||217,295|| |
|2/10/2016||Karl A. Roessner||EVP||Sell||26,510||$21.24||$563,072.40||234,123|| |
|2/10/2016||Michael A. Pizzi||CFO||Sell||22,262||$21.26||$473,290.12||146,072|| |
|1/25/2016||Paul Idzik||CEO||Sell||10,950||$23.69||$259,405.50||449,903|| |
|9/11/2015||Karl A Roessner||EVP||Sell||2,692||$26.96||$72,576.32||250,574|| |
|3/4/2015||James P Healy||Director||Buy||10,000||$26.75||$267,500.00|| |
|2/11/2015||Karl A Roessner||EVP||Sell||11,851||$25.37||$300,659.87|| |
|2/11/2015||Matthew J Audette||CFO||Sell||21,000||$25.44||$534,240.00|| |
|2/9/2015||Karl A Roessner||EVP||Sell||15,298||$25.22||$385,815.56|| |
|1/23/2015||Paul Idzik||CEO||Sell||10,950||$24.40||$267,180.00|| |
|1/5/2015||Matthew J Audette||CFO||Sell||1,294||$23.84||$30,848.96|| |
|4/28/2014||Karl Roessner||EVP||Sell||9,203||$22.07||$203,110.21||233,794|| |
|2/11/2014||Karl Roessner||EVP||Sell||3,670||$20.60||$75,602.00||242,997|| |
|2/11/2014||Matthew Audette||CFO||Sell||2,750||$20.61||$56,677.50||217,215|| |
|2/7/2014||Karl Roessner||EVP||Sell||2,611||$19.97||$52,141.67||256,691|| |
|2/7/2014||Matthew Audette||CFO||Sell||3,092||$19.98||$61,778.16||226,744|| |
|1/23/2014||Paul Idzik||CEO||Sell||10,950||$21.19||$232,030.50||749,920|| |
|1/6/2014||Matthew Audette||CFO||Sell||1,294||$20.34||$26,319.96||192,826|| |
|12/4/2013||Rodger Lawson||Director||Buy||2,754||$18.15||$49,985.10||27,169|| |
|5/13/2013||Rodger A Lawson||Director||Buy||4,479||$11.16||$49,985.64|| |
|8/13/2012||Frank J Petrilli||Insider||Buy||119,250||$8.39||$1,000,507.50|| |
|8/13/2012||Rodger A Lawson||Director||Buy||7,528||$8.45||$63,611.60|| |
E*TRADE Financial (NASDAQ ETFC) News Headlines
E*TRADE Financial (NASDAQ:ETFC) SEC Filings
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E*TRADE Financial (NASDAQ:ETFC) Income Statement, Balance Sheet and Cash Flow Statement
E*TRADE Financial (NASDAQ ETFC) Stock Chart for Thursday, January, 18, 2018