E*TRADE Financial (ETFC) Tops Q4 EPS by 3c

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E*TRADE Financial Corporation Announces Fourth Quarter and Full Year 2017 Results

January 25, 2018 4:05 PM EST

E*TRADE Bank reduces Tier 1 leverage ratio threshold to 7.0%

Announces Acquisition of More Than One Million Retail Brokerage Accounts with $18 Billion in Assets

NEW YORK--(BUSINESS WIRE)-- E*TRADE Financial Corporation (NASDAQ: ETFC):

Fourth Quarter Results

Net income of $129 million, or $0.48 per diluted share, which includes net expenses of $44 million, or $0.16, related to tax reform and other items(1) Total net revenue of $637 million Operating margin of 47 percent; adjusted operating margin of 43 percent(2)... More