E TRADE Financial Corporation (NASDAQ:ETFC)
About E TRADE Financial Corporation (NASDAQ:ETFC) E*TRADE Financial Corporation (E*TRADE) is a financial services company, which provides online brokerage and related products and services to the individual retail investors, under the brand E*TRADE Financial. It also provides investor-focused banking products, sweep deposits and savings products, to retail investors. The Companyâ€™s subsidiaries include E*TRADEBank, which is a federally chartered savings bank that provides investor-focused banking products to retail customers nationwide and deposit accounts insured by the Federal Deposit Insurance Corporation (FDIC); E*TRADE Capital Markets, LLC, which is a registered broker-dealer and market-maker; E*TRADE Clearing LLC, which is the clearing firm for the brokerage subsidiaries and is a wholly owned operating subsidiary of E*TRADEBank; E*TRADESecurities LLC,which is a registered broker dealer. The Company operates in two businesssegments: Trading and Investing, and Balance Sheet Management.
52 week range
Financials E TRADE Financial Corporation (NASDAQ:ETFC) engendered total revenue of $567.79 million in current quarter which is considerably less than last quarter’s closing of $628.86 million. Moreover, EPSin current quarter has decreased as compared last quarter’s EPSwhich is not a good sign for the investors. The company’s cash flow from operations (CFO)has increased to $1.11 billion from last quarter’s ending cash flow of $397.86 million. This shows that the company is producing more0 cash than its expenses through its core businessunits which is a good sign for the investors. Total assets of company mount up to $45.26 billion as of September 30, 2010 that is 2.07%greater than last quarter’s ending and it has also managed to maintain the current ratio. The company’s total equity is gradually increasing which depicts that company is going to have fewer funding liquidity problems and more funds would be available to invest in future profitable opportunities.
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Published on Jan 19, 2011
Published on Jan 19, 2011
E TRADE Financial Corporation (NASDAQ:ETFC) About E TRADE Financial Corporation (NASDAQ:ETFC) E TRADE Financial Corporation (NASDAQ:ETFC) en...