Sandler O'Neill Upgrades E*TRADE (ETFC) to Buy (Earlier)

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E*TRADE Financial Corp. (ETFC) Tops Q1 EPS by 10c

April 23, 2014 4:17 PM EDT

E*TRADE Financial Corp. (NASDAQ: ETFC) reported Q1 EPS of $0.33, $0.10 better than the analyst estimate of $0.23. Revenue for the quarter came in at $475 million versus the consensus estimate of $454.51 million.

Highlights:

Net income of $97 million, or $0.33 per shareTotal net revenue of $475 millionGain on securities revenue of $15 million, including gains related to the sale of the non-agency CMO portfolioLoss on early extinguishment of debt of $12 million, resulting from the decision to terminate $100 million in wholesale fundingTotal... More