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E*TRADE Financial (ETFC) Tops Q3 EPS by 7c, Sales Beat

October 21, 2014 4:19 PM EDT
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Price: $49.26 --0%

Financial Fact:
Net income (loss): 139M

Today's EPS Names:
SHIM, KOD, HEWA, More
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E*TRADE Financial (NASDAQ: ETFC) reported Q3 EPS of $0.29, $0.07 better than the analyst estimate of $0.22. Revenue for the quarter came in at $440 million versus the consensus estimate of $424.4 million.

“Our solid performance continued through the third quarter as our core business showed strength despite the typically slower summer months and uncertainty in the broader global markets,” said Paul Idzik, Chief Executive Officer. “Our customers remained engaged, with DARTs up six percent from a year ago and margin balances at all-time highs for the Company. Additionally, we continue to make meaningful progress on the regulatory and capital front as evidenced by $400 million in dividends from the bank to the parent over the past five quarters. We remain focused on putting this capital to work for our owners, and aim to rationalize our capital structure – leading with actions to address our corporate debt profile. I am quite excited about the prospects ahead of us, and I look forward to closing out 2014 as a year of significant accomplishments for E*TRADE.”

For earnings history and earnings-related data on E*TRADE Financial (ETFC) click here.



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