About E*TRADE Financial Corporation (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:
- Sector: Finance
- Industry: Investment Banking & Brokerage Services
- Sub-Industry: Investment Banking & Brokerage
- Symbol: NASDAQ:ETFC
- CUSIP: 26924640
- Web: us.etrade.com
- Market Cap: $11.86747 billion
- Outstanding Shares: 274,710,000
- 50 Day Moving Avg: $42.48
- 200 Day Moving Avg: $38.66
- 52 Week Range: $27.33 - $45.70
Sales & Book Value:
- Trailing P/E Ratio: 20.19
- Foreward P/E Ratio: 17.08
- P/E Growth: 1.26
- Annual Revenue: $2.32 billion
- Price / Sales: 5.12
- Book Value: $22.83 per share
- Price / Book: 1.89
- Net Margins: 27.35%
- Return on Equity: 9.41%
- Return on Assets: 1.05%
- Debt-to-Equity Ratio: 0.32%
- Current Ratio: 0.28%
- Quick Ratio: 0.28%
- Average Volume: 2.28 million shs.
- Beta: 1.47
- Short Ratio: 1.27
Frequently Asked Questions for E*TRADE Financial Corporation (NASDAQ:ETFC)
What is E*TRADE Financial Corporation's stock symbol?
E*TRADE Financial Corporation trades on the NASDAQ under the ticker symbol "ETFC."
How will E*TRADE Financial Corporation's stock buyback program work?
E*TRADE Financial Corporation declared that its Board of Directors has initiated a share repurchase program on Friday, July 21st 2017, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 9.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its stock is undervalued.
How were E*TRADE Financial Corporation's earnings last quarter?
E*TRADE Financial Corporation (NASDAQ:ETFC) issued its earnings results on Thursday, October, 19th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. The business earned $599 million during the quarter, compared to analysts' expectations of $598.96 million. E*TRADE Financial Corporation had a net margin of 27.35% and a return on equity of 9.41%. E*TRADE Financial Corporation's revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. View E*TRADE Financial Corporation's Earnings History.
When will E*TRADE Financial Corporation make its next earnings announcement?
Where is E*TRADE Financial Corporation's stock going? Where will E*TRADE Financial Corporation's stock price be in 2017?
16 brokerages have issued 1 year price objectives for E*TRADE Financial Corporation's shares. Their predictions range from $33.00 to $51.00. On average, they anticipate E*TRADE Financial Corporation's share price to reach $44.71 in the next twelve months. View Analyst Ratings for E*TRADE Financial Corporation.
What are analysts saying about E*TRADE Financial Corporation stock?
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)
Who are some of E*TRADE Financial Corporation's key competitors?
Who are E*TRADE Financial Corporation's key executives?
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
Who owns E*TRADE Financial Corporation stock?
E*TRADE Financial Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include APG Asset Management N.V. (0.85%), Robeco Institutional Asset Management B.V. (0.10%), Barometer Capital Management Inc. (0.05%), State Treasurer State of Michigan (0.03%), Eqis Capital Management Inc. (0.02%) and Mutual of America Capital Management LLC (0.01%). 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.
Who sold E*TRADE Financial Corporation stock? Who is selling E*TRADE Financial Corporation stock?
E*TRADE Financial Corporation's stock was sold by a variety of institutional investors in the last quarter, including Crow Point Partners LLC, State Treasurer State of Michigan, Barometer Capital Management Inc. and Mutual of America Capital Management 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.
Who bought E*TRADE Financial Corporation stock? Who is buying E*TRADE Financial Corporation stock?
How do I buy E*TRADE Financial Corporation stock?
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.
What is E*TRADE Financial Corporation's stock price today?
MarketBeat Community Rating for E*TRADE Financial Corporation (NASDAQ ETFC)MarketBeat's community ratings are surveys of what our community members think about E*TRADE Financial Corporation 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.
One share of E*TRADE Financial Corporation stock can currently be purchased for approximately $43.20.
Consensus Ratings for E*TRADE Financial Corporation (NASDAQ:ETFC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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.
|Ratings Breakdown: ||4 Hold Ratings, 12 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.75)|
|Consensus Price Target: ||$44.71 (3.51% upside)|Consensus Price Target History for E*TRADE Financial Corporation (NASDAQ:ETFC)
Analysts' Ratings History for E*TRADE Financial Corporation (NASDAQ:ETFC)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/20/2017||SunTrust Banks, Inc.||Reiterated Rating||Buy||$50.00||N/A|
|10/20/2017||Barclays PLC||Boost Price Target||Overweight||$49.00 -> $50.00||N/A|
|10/20/2017||Wells Fargo & Company||Boost Price Target||Outperform||$49.00 -> $51.00||N/A|
|10/9/2017||Bank of America Corporation||Upgrade||Neutral -> Buy||$44.00 -> $49.00||N/A|
|7/25/2017||Morgan Stanley||Reiterated Rating||Equal Weight||$40.00 -> $43.00||Medium|
|7/23/2017||JMP Securities||Reiterated Rating||Outperform||$42.00 -> $44.00||Low|
|7/22/2017||Robert W. Baird||Reiterated Rating||Outperform||$43.00 -> $49.00||Low|
|7/22/2017||Jefferies Group LLC||Reiterated Rating||Hold||$39.00 -> $43.00||Low|
|7/22/2017||Instinet||Reiterated Rating||Buy||$44.00 -> $47.00||Low|
|7/21/2017||Deutsche Bank AG||Boost Price Target||Buy||$45.00 -> $47.00||Low|
|7/21/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$44.00||Low|
|7/13/2017||Rosenblatt Securities||Initiated Coverage||Buy -> Buy||$43.00||Medium|
|3/2/2017||Sandler O'Neill||Downgrade||Buy -> Hold||N/A|
|1/10/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Buy||N/A|
|10/24/2016||Buckingham Research||Reiterated Rating||Buy||$33.00||N/A|
|10/22/2016||Nomura||Reiterated Rating||Buy||$32.00 -> $33.00||N/A|
|9/21/2016||Credit Suisse Group||Initiated Coverage||Outperform||$33.00||N/A|
|7/22/2016||Compass Point||Lower Price Target||Buy||$31.00 -> $30.00||N/A|
|4/25/2016||Piper Jaffray Companies||Reiterated Rating||Neutral||$32.00 -> $33.00||N/A|
|1/7/2016||Evercore ISI||Boost Price Target||$33.00 -> $35.00||N/A|
Earnings History for E*TRADE Financial Corporation (NASDAQ:ETFC)Earnings History by Quarter for E*TRADE Financial Corporation (NASDAQ ETFC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/25/2018|| || || || || || || || |
|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|
Earnings Estimates for E*TRADE Financial Corporation (NASDAQ:ETFC)
2017 EPS Consensus Estimate: $1.89
2018 EPS Consensus Estimate: $2.54
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for E*TRADE Financial Corporation (NASDAQ:ETFC)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for E*TRADE Financial Corporation (NASDAQ:ETFC)
Insider Ownership Percentage: 0.17%Insider Trades by Quarter for E*TRADE Financial Corporation (NASDAQ:ETFC)
Institutional Ownership Percentage: 92.54%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/13/2017||Karl A Roessner||CEO||Sell||8,578||$40.49||$347,323.22|| |
|9/13/2017||Michael John Curcio||Insider||Sell||33,474||$40.38||$1,351,680.12|| |
|8/18/2017||Karl A Roessner||CEO||Sell||14,898||$39.41||$587,130.18|| |
|8/18/2017||Michael A Pizzi||CFO||Sell||9,977||$39.41||$393,193.57|| |
|7/26/2017||Brent Simonich||Insider||Sell||5,696||$41.50||$236,384.00|| |
|7/25/2017||James P Healy||Director||Buy||5,000||$41.97||$209,850.00|| |
|3/27/2017||Rodger A Lawson||Insider||Sell||7,947||$33.03||$262,489.41|| |
|2/8/2017||Karl A Roessner||CEO||Sell||16,476||$34.72||$572,046.72|| |
|4/26/2016||Brent Simonich||Insider||Sell||3,994||$26.22||$104,722.68|| |
|4/25/2016||Karl A Roessner||EVP||Sell||16,828||$25.93||$436,350.04|| |
|2/10/2016||Karl A. Roessner||EVP||Sell||26,510||$21.24||$563,072.40|| |
|2/10/2016||Michael A. Pizzi||CFO||Sell||22,262||$21.26||$473,290.12|| |
|1/25/2016||Paul Idzik||CEO||Sell||10,950||$23.69||$259,405.50|| |
|9/11/2015||Karl A Roessner||EVP||Sell||2,692||$26.96||$72,576.32|| |
|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|| |
|2/11/2014||Karl Roessner||EVP||Sell||3,670||$20.60||$75,602.00|| |
|2/11/2014||Matthew Audette||CFO||Sell||2,750||$20.61||$56,677.50|| |
|2/7/2014||Karl Roessner||EVP||Sell||2,611||$19.97||$52,141.67|| |
|2/7/2014||Matthew Audette||CFO||Sell||3,092||$19.98||$61,778.16|| |
|1/23/2014||Paul Idzik||CEO||Sell||10,950||$21.19||$232,030.50|| |
|1/6/2014||Matthew Audette||CFO||Sell||1,294||$20.34||$26,319.96|| |
|12/4/2013||Rodger Lawson||Director||Buy||2,754||$18.15||$49,985.10|| |
|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|| |
Headline Trends for E*TRADE Financial Corporation (NASDAQ:ETFC)
Latest Headlines for E*TRADE Financial Corporation (NASDAQ:ETFC)
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E*TRADE Financial Corporation (ETFC) Chart for Sunday, October, 22, 2017