E*TRADE Financial (ETFC) Tops Q2 EPS by 12c
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E*TRADE Financial Corporation Announces Second Quarter 2020 Results
July 23, 2020 4:05 PM EDTFirst half of 2020 net new retail assets and accounts more than 2x any full-year period in firm history; Q2 DARTs surpass one million
ARLINGTON, Va.--(BUSINESS WIRE)-- E*TRADE Financial Corporation (NASDAQ: ETFC):
Second Quarter Results
Net income of $196 million Diluted earnings per common share of $0.88 Total net revenue of $716 million Daily Average Revenue Trades (DARTs) of 1,010,000 and derivative DARTs of 253,000, both Company records(1) Average interest-earning assets of $60.6 billion; net interest margin of 256 basis... More