E*Trade is an innovative financial services company offering a full suite of easy-to-use online brokerage, investing and related banking solutions, delivered at a competitive price. The Company empowers individuals to take control of their financial futures by providing the products, tools and services they need to meet their near- and long-term investing goals. E*Trade provides these services to customers both online and through their network of customer service representatives and financial consultants - over the phone and in person.
Type
Public
HQ
New York, US
Founded
1982
Size (employees)
3,600 (est)
E-TRADE Financial Corporation was founded in 1982 and is headquartered in New York, US
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Key People/Management at E-TRADE Financial Corporation

Karl Roessner

Karl Roessner

CEO
Michael Pizzi

Michael Pizzi

CFO
Lea Stendahl

Lea Stendahl

Chief Marketing Officer
Lori Sher

Lori Sher

General Counsel
Michael Curcio

Michael Curcio

Chief Brokerage Officer
Glory DeSimone

Glory DeSimone

Chief Human Resources Officer
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E-TRADE Financial Corporation Office Locations

E-TRADE Financial Corporation has offices in Dallas, Los Angeles, Jersey, Jersey City and in 31 other locations
New York, US (HQ)
1271 Ave of the Americas
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E-TRADE Financial Corporation Financials and Metrics

E-TRADE Financial Corporation Revenue

E-TRADE Financial Corporation's revenue was reported to be $2.37 b in FY, 2017
USD

Revenue (Q1, 2018)

708 m

Net income (Q1, 2018)

247 m

EBIT (Q1, 2018)

445 m

Market capitalization (18-Jul-2018)

16.7 b

Closing share price (18-Jul-2018)

63.1

Cash (31-Mar-2018)

498 m
E-TRADE Financial Corporation's current market capitalization is $16.7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.7 b1.8 b1.4 b1.9 b2.4 b

Revenue growth, %

5%(21%)36%

Sales and marketing expense

501 m546 m

General and administrative expense

98 m116 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

416.8 m475 m438 m440 m456 m445 m73 m472 m474 m486 m553 m577 m708 m

Sales and marketing expense

88.4 m98 m99 m108 m113 m118 m123 m126 m125 m123 m136 m133 m152 m

General and administrative expense

17.7 m18 m19 m22 m21 m22 m21 m23 m24 m24 m27 m29 m30 m

Operating expense total

270.7 m290 m284 m277 m300 m309 m293 m312 m295 m323 m342 m359 m395 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.8 b1.8 b2.2 b2 b931 m

Accounts Receivable

2.6 b

Inventories

PP&E

237.2 m245 m236 m239 m253 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

1.8 b1.6 b1.8 b1.8 b1 b1.9 b1.5 b1.6 b2.4 b1.5 b998 m1.1 b498 m

PP&E

246.2 m224 m227 m240 m241 m238 m236 m232 m231 m231 m239 m245 m251 m

Goodwill

1.8 b1.8 b1.8 b1.8 b1.8 b1.8 b1.8 b1.8 b1.8 b2.4 b2.4 b2.4 b2.4 b

Total Assets

45.5 b46.4 b45.7 b45.8 b46.8 b47.1 b41.2 b47.9 b49.2 b49.2 b55.9 b58.8 b64.2 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

86 m293 m268 m552 m614 m

Depreciation and Amortization

89.1 m78 m81 m79 m262 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

28.1 m97 m166 m252 m40 m332 m179 m153 m286 m425 m145 m338 m247 m

Depreciation and Amortization

311.3 m79 m159 m245 m89 m186 m271 m53 m112 m174 m61 m124 m65 m

Cash From Operating Activities

888.5 m(143 m)300 m368 m(530 m)389 m668 m96 m327 m728 m365 m172 m546 m

Cash From Investing Activities

658.6 m337 m1.4 b1.4 b(1.3 b)(1.2 b)3.2 b(2.7 b)(3.2 b)(3.6 b)(7 b)(10 b)(1.4 b)
USDY, 2018

Financial Leverage

9.3 x
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E-TRADE Financial Corporation Operating Metrics

FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Average Commission per Trade

$10.81 $10.86 $10.64 $10.82 $10.97 $10.70 $9.87 $8.02

Client Assets

$290.30 b$287.90 b$284.50 b$285.90 b$306.80 b$311.30 b$335.70 b$348.20 b

Customer Margin Balances

$7.70 b$7.40 b$6.30 b$6.80 b$6.80 b$7.10 b$7.30 b$8.20 b

Daily Average Revenue Trades (DARTs)

168.47 k155.47 k165.12 k152.49 k151.91 k164.13 k207.22 k208.21 k
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E-TRADE Financial Corporation Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Trust Company Of America October 19, 2017$275 m
OptionsHouse July 25, 2016$725 m
Cake Financial January 13, 2010
BrownCo September 28, 2005$1.60 b
Harrisdirect August 07, 2005$700 m
Web Street May 21, 2001$45 m
Card Capture Services March 14, 2000
Telebanc Financial January 11, 2000
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E-TRADE Financial Corporation Online and Social Media Presence

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E-TRADE Financial Corporation Company Life and Culture

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