E*TRADE (ETFC) PT, Estimates Raised at Nomura Amid Strong Q2
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E*TRADE Financial Corporation Announces Second Quarter 2016 Results
July 21, 2016 4:05 PM EDTNEW YORK--(BUSINESS WIRE)-- E*TRADE Financial Corporation (NASDAQ: ETFC)
Second Quarter Results
Net income of $133 million, or $0.48 per diluted share Total net revenue of $474 million Allowance for loan losses of $293 million resulting in a benefit to provision for loan losses of $35 million Total non-interest expense of $295 million Daily Average Revenue Trades (DARTs) of 152,000 End of period margin receivables of $6.8 billion... More