E*TRADE Financial (NASDAQ:ETFC)reported net income for the fourth quarter of $ 127.00 million or $ 0.46 per share, compared to $ 89.00 million or $ 0.30 per share for the year-ago quarter.
Net Revenue for the fourth quarter rose 15.95% to $ 509.00 million from $ 439.00 million in the same quarter last year.
Analysts polled by Thomson Reuters expected the E*TRADE Financial to earn $ 0.42 per share on revenue of $ 504.11 million for the fourth quarter.
E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name.
It operates through two segments, Trading and Investing, and Balance Sheet Management. The Trading and Investing segment offers retail brokerage products and services, investor-focused banking products, and corporate services. The Balance Sheet Management segment manages asset allocation; loans previously originated by the company or purchased from third parties; deposits and customer payables; and credit, liquidity, and interest rate risk.
The company provides its services to customers through digital platforms; and a network of customer service representatives and financial consultants through phone, email, and online at two branches, as well as in person through 30 branches across the United States.