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

About E*TRADE Financial Corporation (NASDAQ:ETFC)

E*TRADE Financial Corporation logoE*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
Capitalization:
  • Market Cap: $11.86747 billion
  • Outstanding Shares: 274,710,000
Average Prices:
  • 50 Day Moving Avg: $42.48
  • 200 Day Moving Avg: $38.66
  • 52 Week Range: $27.33 - $45.70
P/E:
  • Trailing P/E Ratio: 20.19
  • Foreward P/E Ratio: 17.08
  • P/E Growth: 1.26
Sales & Book Value:
  • Annual Revenue: $2.32 billion
  • Price / Sales: 5.12
  • Book Value: $22.83 per share
  • Price / Book: 1.89
Profitability:
  • Net Margins: 27.35%
  • Return on Equity: 9.41%
  • Return on Assets: 1.05%
Debt:
  • Debt-to-Equity Ratio: 0.32%
  • Current Ratio: 0.28%
  • Quick Ratio: 0.28%
Misc:
  • 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?

E*TRADE Financial Corporation is scheduled to release their next quarterly earnings announcement on Thursday, January, 25th 2018. View Earnings Estimates for E*TRADE Financial Corporation.

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?

E*TRADE Financial Corporation's stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Robeco Institutional Asset Management B.V., FormulaFolio Investments LLC and Eqis Capital Management Inc.. View Insider Buying and Selling for E*TRADE Financial Corporation.

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?

One share of E*TRADE Financial Corporation stock can currently be purchased for approximately $43.20.


MarketBeat Community Rating for E*TRADE Financial Corporation (NASDAQ ETFC)
Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  512 (Vote Outperform)
Underperform Votes:  434 (Vote Underperform)
Total Votes:  946
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.

Analyst Ratings

Consensus Ratings for E*TRADE Financial Corporation (NASDAQ:ETFC) (How are Consensus Ratings Calculated?)
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)
Price Target History for E*TRADE Financial Corporation (NASDAQ:ETFC)
Analysts' Ratings History for E*TRADE Financial Corporation (NASDAQ:ETFC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/20/2017SunTrust Banks, Inc.Reiterated RatingBuy$50.00N/AView Rating Details
10/20/2017Barclays PLCBoost Price TargetOverweight$49.00 -> $50.00N/AView Rating Details
10/20/2017Wells Fargo & CompanyBoost Price TargetOutperform$49.00 -> $51.00N/AView Rating Details
10/9/2017Bank of America CorporationUpgradeNeutral -> Buy$44.00 -> $49.00N/AView Rating Details
7/25/2017Morgan StanleyReiterated RatingEqual Weight$40.00 -> $43.00MediumView Rating Details
7/23/2017JMP SecuritiesReiterated RatingOutperform$42.00 -> $44.00LowView Rating Details
7/22/2017Robert W. BairdReiterated RatingOutperform$43.00 -> $49.00LowView Rating Details
7/22/2017Jefferies Group LLCReiterated RatingHold$39.00 -> $43.00LowView Rating Details
7/22/2017InstinetReiterated RatingBuy$44.00 -> $47.00LowView Rating Details
7/21/2017Deutsche Bank AGBoost Price TargetBuy$45.00 -> $47.00LowView Rating Details
7/21/2017Keefe, Bruyette & WoodsReiterated RatingHold$44.00LowView Rating Details
7/13/2017Rosenblatt SecuritiesInitiated CoverageBuy -> Buy$43.00MediumView Rating Details
3/2/2017Sandler O'NeillDowngradeBuy -> HoldN/AView Rating Details
1/10/2017Goldman Sachs Group, Inc. (The)UpgradeNeutral -> BuyN/AView Rating Details
10/24/2016Buckingham ResearchReiterated RatingBuy$33.00N/AView Rating Details
10/22/2016NomuraReiterated RatingBuy$32.00 -> $33.00N/AView Rating Details
9/21/2016Credit Suisse GroupInitiated CoverageOutperform$33.00N/AView Rating Details
7/22/2016Compass PointLower Price TargetBuy$31.00 -> $30.00N/AView Rating Details
4/25/2016Piper Jaffray CompaniesReiterated RatingNeutral$32.00 -> $33.00N/AView Rating Details
1/7/2016Evercore ISIBoost Price Target$33.00 -> $35.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for E*TRADE Financial Corporation (NASDAQ:ETFC)
Earnings by Quarter for E*TRADE Financial Corporation (NASDAQ:ETFC)
Earnings History by Quarter for E*TRADE Financial Corporation (NASDAQ ETFC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/25/2018        
10/19/2017Q3 2017$0.51$0.55$598.96 million$599.00 millionViewN/AView Earnings Details
7/20/2017Q2 2017$0.48$0.52$553.31 million$577.00 millionViewN/AView Earnings Details
4/20/2017Q1 2017$0.39$0.48$532.43 million$553.00 millionViewN/AView Earnings Details
1/26/2017Q416$0.42$0.46$501.95 million$509.00 millionViewN/AView Earnings Details
10/20/2016Q316$0.38$0.51$645.00 million$486.00 millionViewListenView Earnings Details
7/21/2016Q216$0.38$0.48$472.50 million$474.00 millionViewListenView Earnings Details
4/21/2016Q116$0.33$0.43$476.67 million$472.00 millionViewListenView Earnings Details
1/21/2016Q415$0.30$0.30$453.23 million$454.00 millionViewListenView Earnings Details
10/22/2015Q315$0.29$0.33$447.53 million$443.00 millionViewListenView Earnings Details
7/23/2015Q215$0.27$0.25$446.50 million$445.00 millionViewListenView Earnings Details
4/23/2015Q115$0.21$0.29$446.10 million$456.00 millionViewN/AView Earnings Details
1/22/2015Q414$0.23$0.26$441.20 million$461.00 millionViewN/AView Earnings Details
10/21/2014Q314$0.22$0.29$424.40 million$440.00 millionViewListenView Earnings Details
7/23/2014Q214$0.23$0.24$431.00 million$438.00 millionViewN/AView Earnings Details
4/23/2014Q114$0.23$0.33$454.51 million$475.00 millionViewN/AView Earnings Details
1/22/2014Q413$0.19$0.20$425.81 million$447.10 millionViewN/AView Earnings Details
10/23/2013Q313$0.17$0.16$419.41 million$417.00 millionViewN/AView Earnings Details
7/24/2013Q2 2013$0.12$0.21$420.60 million$440.00 millionViewN/AView Earnings Details
4/18/2013Q1 2013$0.12$0.12$438.38 million$419.90 millionViewN/AView Earnings Details
1/24/2013Q4 2012($0.54)($0.65)$472.46 million$467.70 millionViewN/AView Earnings Details
10/18/2012$0.09($0.10)ViewN/AView Earnings Details
7/19/2012$0.11$0.14ViewN/AView Earnings Details
4/19/2012$0.09$0.13ViewN/AView Earnings Details
1/25/2012$0.20($0.02)ViewN/AView Earnings Details
10/19/2011$0.18$0.16ViewN/AView Earnings Details
7/20/2011$0.16$0.16ViewN/AView Earnings Details
4/20/2011$0.12$0.16ViewN/AView Earnings Details
1/26/2011$0.04($0.11)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for E*TRADE Financial Corporation (NASDAQ:ETFC)
2017 EPS Consensus Estimate: $1.89
2018 EPS Consensus Estimate: $2.54
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174$0.35$0.43$0.38
Q2 20174$0.42$0.51$0.47
Q3 20174$0.42$0.51$0.48
Q4 20174$0.46$0.59$0.55
Q1 20182$0.57$0.58$0.58
Q2 20182$0.64$0.65$0.65
Q3 20182$0.63$0.64$0.64
Q4 20182$0.68$0.69$0.69
(Data provided by Zacks Investment Research)

Dividends

Dividend History for E*TRADE Financial Corporation (NASDAQ:ETFC)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for E*TRADE Financial Corporation (NASDAQ:ETFC)
Insider Ownership Percentage: 0.17%
Institutional Ownership Percentage: 92.54%
Insider Trades by Quarter for E*TRADE Financial Corporation (NASDAQ:ETFC)
Institutional Ownership by Quarter for E*TRADE Financial Corporation (NASDAQ:ETFC)
Insider Trades by Quarter for E*TRADE Financial Corporation (NASDAQ:ETFC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/13/2017Karl A RoessnerCEOSell8,578$40.49$347,323.22View SEC Filing  
9/13/2017Michael John CurcioInsiderSell33,474$40.38$1,351,680.12View SEC Filing  
8/18/2017Karl A RoessnerCEOSell14,898$39.41$587,130.18View SEC Filing  
8/18/2017Michael A PizziCFOSell9,977$39.41$393,193.57View SEC Filing  
7/26/2017Brent SimonichInsiderSell5,696$41.50$236,384.00View SEC Filing  
7/25/2017James P HealyDirectorBuy5,000$41.97$209,850.00View SEC Filing  
3/27/2017Rodger A LawsonInsiderSell7,947$33.03$262,489.41View SEC Filing  
2/8/2017Karl A RoessnerCEOSell16,476$34.72$572,046.72View SEC Filing  
4/26/2016Brent SimonichInsiderSell3,994$26.22$104,722.68View SEC Filing  
4/25/2016Karl A RoessnerEVPSell16,828$25.93$436,350.04View SEC Filing  
2/10/2016Karl A. RoessnerEVPSell26,510$21.24$563,072.40View SEC Filing  
2/10/2016Michael A. PizziCFOSell22,262$21.26$473,290.12View SEC Filing  
1/25/2016Paul IdzikCEOSell10,950$23.69$259,405.50View SEC Filing  
9/11/2015Karl A RoessnerEVPSell2,692$26.96$72,576.32View SEC Filing  
3/4/2015James P HealyDirectorBuy10,000$26.75$267,500.00View SEC Filing  
2/11/2015Karl A RoessnerEVPSell11,851$25.37$300,659.87View SEC Filing  
2/11/2015Matthew J AudetteCFOSell21,000$25.44$534,240.00View SEC Filing  
2/9/2015Karl A RoessnerEVPSell15,298$25.22$385,815.56View SEC Filing  
1/23/2015Paul IdzikCEOSell10,950$24.40$267,180.00View SEC Filing  
1/5/2015Matthew J AudetteCFOSell1,294$23.84$30,848.96View SEC Filing  
4/28/2014Karl RoessnerEVPSell9,203$22.07$203,110.21View SEC Filing  
2/11/2014Karl RoessnerEVPSell3,670$20.60$75,602.00View SEC Filing  
2/11/2014Matthew AudetteCFOSell2,750$20.61$56,677.50View SEC Filing  
2/7/2014Karl RoessnerEVPSell2,611$19.97$52,141.67View SEC Filing  
2/7/2014Matthew AudetteCFOSell3,092$19.98$61,778.16View SEC Filing  
1/23/2014Paul IdzikCEOSell10,950$21.19$232,030.50View SEC Filing  
1/6/2014Matthew AudetteCFOSell1,294$20.34$26,319.96View SEC Filing  
12/4/2013Rodger LawsonDirectorBuy2,754$18.15$49,985.10View SEC Filing  
5/13/2013Rodger A LawsonDirectorBuy4,479$11.16$49,985.64View SEC Filing  
8/13/2012Frank J PetrilliInsiderBuy119,250$8.39$1,000,507.50View SEC Filing  
8/13/2012Rodger A LawsonDirectorBuy7,528$8.45$63,611.60View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for E*TRADE Financial Corporation (NASDAQ:ETFC)
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Chart

E*TRADE Financial Corporation (ETFC) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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