E*TRADE Financial (ETFC) Tops Q3 EPS by 4c

E*TRADE Financial (NASDAQ: ETFC) reported Q3 EPS of $0.55, $0.04 better than the analyst estimate of $0.51. Revenue for the quarter came in at $599 million versus the consensus estimate of $599.12 million.

• Net income of $147 million; net income available to common shareholders of $135 million
• Diluted earnings per common share of $0.49, which includes net expense of $16 million, or $0.06 per diluted share, related to losses on early extinguishment of debt and other items(1)
• Total net revenue of $599 million
• Operating margin of 37 percent; adjusted operating margin of 42 percent(2)
• Consolidated balance sheet assets of $60 billion; average interest-earning assets of $54.8 billion; net interest margin of 285 basis points
• Daily Average Revenue Trades (DARTs) of 206,000; 32 percent in derivatives
• Customer margin balances of $8.5 billion(3)
• Net new brokerage accounts of 26,000
• Net new brokerage assets of $2.2 billion; end of period total customer assets of $365.3 billion
• Managed products of $4.9 billion
• Utilized $187 million to repurchase 4.6 million shares at an average price of $40.64

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

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