Last $23.86 USD
Change Today -0.33 / -1.36%
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As of 8:10 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

e*trade financial corp (ETFC) Key Developments

E*TRADE Financial Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2014

E*TRADE Financial Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total net revenue of $461 million, income before income tax expense of $71 million and net income of $41 million or $0.14 per basic and diluted share compared to total net revenue of $446 million, income before income tax expense of $105 million and net income of $58 million or $0.20 per basic and diluted share a year ago period. EBITDA was $122 million against $160 million for the same period a year ago. Book value per share was $18.58 as on December 31, 2014 against $18.26 as on December 31, 2013. Tangible book value per share was $13.08 as on December 31, 2014 against $12.69 on December 31, 2013. For the full year, the company reported total net revenue of $1,814 million, income before income tax expense of $452 million and net profit of $293 million or $1.00 per diluted share compared to total net revenue of $1,723 million, income before income tax expense of $195 million and net income of $86 million or $0.29 per diluted share a year ago period. Net charge-offs in the fourth quarter were $7 million compared with $10 million in the prior quarter.

E*TRADE Financial Corporation Appoints James P. Healy to its Board of Directors

E*TRADE Financial Corporation announced that James P. Healy has been appointed to the Company's Board of Directors and Risk Oversight Committee, effective immediately. Mr. Healy had a 25-year career in the Investment Banking arm of the Credit Suisse Group, where he served as Global Head of the Fixed Income Division from 2003 to 2007. Other leadership positions while at Credit Suisse included Global Head of Emerging Markets Group, and the Global Co-Head of Credit Suisse Financial Products, which housed the firm's derivative businesses. Prior to joining Credit Suisse, Mr. Healy was as an economist at the International Monetary Fund, served as a consultant to the Organization for Economic Cooperation and Development, and was a visiting scholar at the Board of Governors of the Federal Reserve.

E*TRADE Financial Corporation to Report Q4, 2014 Results on Jan 22, 2015

E*TRADE Financial Corporation announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Jan 22, 2015

E*TRADE Financial Corporation, Q4 2014 Earnings Call, Jan 22, 2015

E*TRADE Financial Corporation, Q4 2014 Earnings Call, Jan 22, 2015

E*TRADE Financial Corporation Appoints Shelley B. Leibowitz to Board of Directors

E*TRADE Financial Corporation announced that Shelley B. Leibowitz has been appointed to the company's Board of Directors and the Risk Oversight Committee, effective from December 10, 2014. Ms. Leibowitz served as Group Chief Information Officer for the World Bank from 2009 to 2012, where she oversaw all technology for the Bank’s product delivery infrastructure and managed its cyber security program. Prior to the World Bank, Ms. Leibowitz served as Chief Information Officer at Morgan Stanley and Greenwich Capital Markets.

 

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ETFC

Industry Average

Valuation ETFC Industry Range
Price/Earnings 24.3x
Price/Sales 3.9x
Price/Book 1.3x
Price/Cash Flow 17.8x
TEV/Sales NM Not Meaningful
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