sector: Financials ·
industry: Investment Services ·
As of
24 Nov 2009
1.61USD
E*TRADE Financial Corporation (E*TRADE), is a financial services company, that provides online brokerage and related products and services primarily to individual retail investors, under the brand E*TRADE Financial. The Company’s products and services include investor-focused banking primarily sweep deposits and savings products and asset gathering. The Company’s subsidiaries include, E*TRADE Bank, which provides investor-focused banking services to retail customers nationwide and deposit accounts insured by the Federal Deposit Insurance Corporation (FDIC); E*TRADE Capital Markets, LLC (ETCM), which is a registered broker-dealer and market-maker; E*TRADE Clearing LLC, which is the clearing firm for the Company’s brokerage subsidiaries and is a wholly-owned operating subsidiary of E*TRADE Bank, and E*TRADE Securities LLC, which is a registered broker-dealer and the primary provider of brokerage services to the customers.
BRIEF: For the nine months ended 30 September 2009, E TRADE Financial Corporation's revenues decreased 8% to $2.23B. Net loss from cont. operations totaled $1.21B, up from $533.2M. Revenues reflect a decrease in operating interest income from Retail and lower Fees & service charges. Net loss also reflects the presence of loss on extinguishments of debt vs. a gain, a decrease in corporate interest income and the presence of equity investment loss vs. income.
E TRADE Financial Corporation
135 East 57th Street
New York NY 10022
P: +1646.5214300
F: +1888.2769771