E*TRADE Financial Corp (OQ:ETFC)

Business Focus: Investment Banking & Brokerage Services

Sector:  Financials Industry:  Investment Banking & Brokerage Services
See Regulatory Filings on SEC
Company Contact
Address: 11 Times Sq Fl 32
NEW YORK NY 10036-6622
Tel: N/A
Website: https://us.etrade.com
IR: See website
Key People
Rodger A. Lawson
Chairman of the Board
Karl A. Roessner
Chief Executive Officer, Director
Michael J. Curcio
Executive Vice President - Institutional, Vice-Chairman of the Executive Committee
Chad E Turner
Chief Financial Officer
Michael A. Pizzi
Chief Operating Officer
Paul W. Brandow
Chief Risk Officer
Lori S. Sher
General Counsel
Brett H. Goodman
Chief Communications Officer
Business Overview
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.
Financial Overview
For the fiscal year ended 31 December 2018, E*TRADE Financial Corp revenues increased 24% to $3.04B. Net income applicable to common stockholders excluding extraordinary items increased 57% to $1.02B. Revenues reflect Interest income increase of 28% to $2.01B, Service Charges & Fees increase of 17% to $431M, Commissions increase of 13% to $498M. Net income benefited from Restructuring and acquisition-related ac decrease of 53% to $7M (expense).
Employees: 4,091 as of Sep 30, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $55,766M as of Dec 31, 2018
Annual revenue (TTM): $3,036M as of Dec 31, 2018
EBITDA (TTM): $1,657M as of Dec 31, 2018
Net annual income (TTM): $1,016M as of Dec 31, 2018
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: $43,378M as of Dec 31, 2018
Shares outstanding: 246,495,174 as of Dec 31, 2018
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization