E*TRADE Financial Corp. reported third-quarter net income available to common shareholders of $261 million, or $1.00 per share, up from $135 million, or 49 cents per share, in the prior-year period.

The S&P Global Market Intelligence consensus normalized EPS for the quarter was 83 cents.

Daily average revenue trades for the quarter totaled 266,290, a 3% increase from 258,844 in the second quarter and a 29% jump from 205,763 in the third quarter of 2017. Commission revenues, as a result, rose to $117 million in the quarter from $100 million a year ago.

E*TRADE posted an average commission per trade of $7.04 for the third quarter, compared with $7.76 in the year-ago quarter. The company posted an average commission per trade of $7.31 in the second quarter.

Total net revenue for the quarter was $720 million, compared with $599 million in the third quarter of 2017. The company's net interest income for the quarter was $466 million, a year-over-year increase from $391 million. Total noninterest income during the quarter was $254 million, compared with $208 million a year earlier.

Common equity book value per share was $23.67 as of Sept. 30, compared with $23.73 as of June 30 and $23.10 as of Sept. 30, 2017.

Average interest-earning assets were $60.11 billion at the end of the three-month period, compared with $59.97 billion as of June 30 and $54.84 billion as of Sept. 30, 2017.

The company's board has also declared a quarterly cash dividend of 14 cents per share. The dividend is payable Nov. 15 to shareholders on record at the close of business Oct. 30. The board also approved the launch of a $1 billion share buyback program.