trending Market Intelligence /marketintelligence/en/news-insights/trending/H0hed6YPuICofpSyN4Facg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

E*TRADE Financial net income doubled YOY in FY'16

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

E*TRADE Financial net income doubled YOY in FY'16

E*TRADE Financial Corp. reported fourth-quarter 2016 net income of $127 million, or 46 cents per share, compared with $89 million, or 30 cents per share, in the same quarter of 2015.

The S&P Capital IQ consensus GAAP EPS estimate for the quarter was 42 cents.

The quarter was the first with CEO Karl Roessner, who was previously general counsel, at the helm. Late in 2016, the company's board tasked the new management team with improving growth or a sale of the company was possible.

Included in net income was a net benefit of $7 million, or 3 cents per share, related to a benefit from loan loss provisions. That was partially offset by acquisition and restructuring-related activities, the company said. Total net revenue was $509 million, up from $439 million in the year-ago quarter.

Daily average revenue trades for the quarter totaled 187,620, compared with 146,949 in the year-ago quarter. The average commission per trade was $10.42, down from $10.66 a year ago.

For the full year, net income more than doubled to $552 million, or $1.98 per share, from $268 million, or 91 cents per share, in 2015.

The S&P Capital IQ consensus GAAP EPS estimate for 2016 was $1.94.

The year's results were the company's strongest in 10 years, Roessner said in a statement. Total net revenue for the year was $1.94 billion, up from $1.37 billion the previous year.