E*TRADE Financial (ETFC) Tops Q3 EPS by 11c
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E*TRADE Financial Corporation Announces Third Quarter 2016 Results
October 20, 2016 4:05 PM EDTNEW YORK--(BUSINESS WIRE)-- E*TRADE Financial Corporation (NASDAQ: ETFC):
Third Quarter Results
Net income of $139 million, or $0.51 per diluted share, which includes $19 million, or $0.07 per diluted share, related to executive severance, restructuring and other acquisition-related activities, and benefit to provision for loan losses Total net revenue of $486 million Allowance for loan losses of $235 million resulting in a benefit to provision for loan losses of $62 million Total non-interest expense of $323 million, including executive severance of $6 million and restructuring and... More