E*TRADE Financial Corp. (ETFC) Tops Q2 EPS by 1c

E*TRADE Financial Corp. (NASDAQ: ETFC) reported Q2 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $438 million versus the consensus estimate of $431 million.

“We had a successful second quarter, characterized by continued growth in the brokerage business, even as trading activity moderated industrywide,” said Paul Idzik, Chief Executive Officer. “Through the first half of the year we have already surpassed the previous year’s total for net new brokerage accounts, margin loan balances remained near record highs, and total customer assets have again reached all-time highs. We also continued strengthening the franchise through the closing of our TDR sale and the receipt of our fourth consecutive quarterly dividend from our bank to our parent, while completing our first-ever round of Dodd-Frank Act Stress Tests.”

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

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