E*TRADE Financial (ETFC) Tops Q1 EPS by 8c

E*TRADE Financial (NASDAQ: ETFC) reported Q1 EPS of $1.01, ex-benefit, $0.08 better than the analyst estimate of $0.93. Revenue for the quarter came in at $755 million versus the consensus estimate of $736.73 million.

“We kicked off 2019 with an exceptionally strong quarter, generating record net revenue and a record adjusted operating margin, demonstrating the resiliency of our model across operating environments,” said Karl Roessner, Chief Executive Officer. “We generated solid account growth and asset flows in our retail channel, as customers remained highly engaged with the markets, and our institutional channels continued their momentum, with Corporate Services implementing nearly $7 billion in new client relationships. As we look ahead there is much to be excited about as we further invigorate our complementary retail and institutional customer channels, delivering exceptional value for our customers and our shareholders.”

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

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