E*TRADE Financial Corp. engages in the provision of investment and online stock brokerage services. It offers digital platforms and support to individual investors through phone, email, and online via two national financial centers, and in-person at regional financial centers. The company was founded by William A. Porter Jr. and Bernard A. Newcomb in 1982 and is headquartered in Arlington, VA.

Company profile
Ticker
ETFC
Exchange
Website
CEO
Michael A. Pizzi
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
E TRADE GROUP INC
SEC CIK
Corporate docs
Subsidiaries
E*TRADE Capital Management, LLC • E*TRADE Community Development Corporation • E*TRADE Financial Corporate Services, Inc. • E*TRADE Futures LLC • E*TRADE Information Services, LLC • E*TRADE Next, LLC • E*TRADE Securities LLC • ET Canada Holdings Inc. • ETB Holdings, Inc. • ETCF Asset Funding Corporation ...
IRS number
942844166
ETFC stock data
Calendar
5 Aug 20
9 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 20 | Mar 20 | Sep 19 | Jun 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 3.41B | 3.41B | 3.41B | 3.41B | 3.41B | 3.41B |
Cash burn (monthly) | 1.14B | (no burn) | (no burn) | (no burn) | 359M | (no burn) |
Cash used (since last report) | 28.96B | n/a | n/a | n/a | 9.1B | n/a |
Cash remaining | -25.55B | n/a | n/a | n/a | -5.69B | n/a |
Runway (months of cash) | -22.4 | n/a | n/a | n/a | -15.8 | n/a |
Institutional ownership, Q4 2021
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 2 |
Closed positions | 2 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 2K |
Total shares | 201 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
AlphaMark Advisors | 200 | $2K |
Huntington National Bank | 1 | $0 |
Financial report summary
?Risks
- Changes in business, economic, or political conditions could impact trading volumes, margin lending and sweep deposits, resulting in lower revenues.
- We may be unsuccessful in managing the effects of changes in interest rates on our business.
- We rely heavily on technology, which can be subject to interruption and instability due to operational and technological failures, both internal and external.
- We rely on third parties to perform certain key functions, and their failure to perform those functions could result in the interruption of our operations and systems and could result in significant costs and reputational damage to us.
- Unauthorized disclosure, use, modification or misappropriation of our data may subject us to significant liability and reputational harm as well as reduced revenues and increased costs.
- We conduct all of our operations through subsidiaries and rely on dividends from our subsidiaries for a substantial amount of our cash flows.
- We operate in a highly competitive industry where many of our competitors have greater resources and may have product suites that may appeal to our current or potential customers.
- Our business could be adversely affected due to risks related to our mergers and acquisitions and the subsequent business integrations.
- Our risk management practices may leave us exposed to unidentified or unanticipated risk.
- Providing investment advice and recommendations subjects us to additional risks.
- We may suffer losses due to credit risk associated with margin lending, securities lending transactions, our investment and mortgage loan portfolios or other financial transactions.
- We face competition in hiring and retaining qualified employees.
- Our corporate debt may restrict how we conduct our business and failure to comply with the terms of our corporate debt could adversely affect our financial condition and results of operations.
- We are subject to extensive government regulation, including banking and securities rules and regulations, which could restrict our business practices.
- If we fail to comply with applicable securities and banking laws, rules and regulations, either domestically or internationally, we could be subject to disciplinary actions, litigation, investigations, damages, penalties or restrictions that could significantly harm our business.
- If we do not maintain the capital and liquidity levels required by regulators, we may be fined or subject to other disciplinary or corrective actions.
- As a savings and loan holding company, we are subject to activity limitations and requirements that could restrict our ability to engage in certain activities and take advantage of certain business opportunities.
- Our collection, use, storage, disclosure, transfer and other processing of personal information could give rise to significant costs and liabilities, including as a result of governmental regulation, conflicting legal requirements or differing views of personal privacy rights, which may have a material and adverse impact on our business, financial condition and results of operations.
- The value of our common stock may be diluted if we need additional funds in the future and is subject to the liquidation preference of our preferred stock.
- Our future ability to pay cash dividends to holders of our common stock is subject to the discretion of our board of directors and will be limited by our ability to generate sufficient earnings and cash flows.
- The market price of our common stock may continue to be volatile.
- We have provisions in our organizational documents that may discourage takeover attempts.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Bad
|
New words:
Abby, al, appraisal, assumption, Brown, captioned, deferral, dissent, drove, extraordinary, Foundation, Galeano, IA, incomplete, interagency, Jacqueline, John, judicial, Katz, Kevin, prejudice, purported, Ramsubhag, refunded, repaid, requested, Respler, Rosenfeld, Serebruany, Shiva, stabilization, stabilized, statutory, Stein, Stourbridge, Thompson, uncommitted, unknown, Victor, Yael
Removed:
index, vesting
Financial reports
Current reports
8-K
Morgan Stanley Closes Acquisition of E*TRADE
2 Oct 20
8-K
Other Events
28 Jul 20
8-K
Second Quarter Results
23 Jul 20
8-K
Submission of Matters to a Vote of Security Holders
17 Jul 20
8-K
Other Events
6 Jul 20
8-K
Regulation FD Disclosure
22 Jun 20
8-K
Other Events
2 Jun 20
8-K
Submission of Matters to a Vote of Security Holders
7 May 20
8-K
First Quarter Results
23 Apr 20
8-K
Entry into a Material Definitive Agreement
21 Feb 20
Registration and prospectus
15-12B
Securities registration termination
13 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Oct 20
Proxies
DEFM14A
Proxy related to merger
12 Jun 20
DEFA14A
Additional proxy soliciting materials
24 Mar 20
DEFA14A
Additional proxy soliciting materials
26 Mar 19
DEFA14A
Additional proxy soliciting materials
26 Mar 18
DEFA14A
Additional proxy soliciting materials
28 Mar 17
DEF 14A
Definitive proxy
29 Mar 16
Other
CT ORDER
Confidential treatment order
6 May 14
CT ORDER
Confidential treatment order
26 Mar 14
UPLOAD
Letter from SEC
15 Jan 14
CORRESP
Correspondence with SEC
12 Nov 13
CORRESP
Correspondence with SEC
30 Sep 13
UPLOAD
Letter from SEC
29 Sep 13
UPLOAD
Letter from SEC
1 Aug 12
CORRESP
Correspondence with SEC
9 Jul 12
CORRESP
Correspondence with SEC
12 Jun 12
UPLOAD
Letter from SEC
7 Jun 12
Ownership
SC 13G/A
E TRADE FINANCIAL / PRIMECAP MANAGEMENT ownership change
8 Oct 20
4
E TRADE FINANCIAL / RICHARD J CARBONE ownership change
5 Oct 20
4
E TRADE FINANCIAL / Michael Jos. Murphy ownership change
5 Oct 20
4
E TRADE FINANCIAL / Robert J Chersi ownership change
5 Oct 20
4
E TRADE FINANCIAL / Michael John Curcio ownership change
5 Oct 20
4
E TRADE FINANCIAL / JAIME WALLACE ELLERTSON ownership change
5 Oct 20
4
E TRADE FINANCIAL / James P Healy ownership change
5 Oct 20
4
E TRADE FINANCIAL / KEVIN T KABAT ownership change
5 Oct 20
4
E TRADE FINANCIAL / James Lam ownership change
5 Oct 20
4
E TRADE FINANCIAL / Shelley B Leibowitz ownership change
5 Oct 20
Patents
Utility
Strategy based exit planning for a trading system
14 Sep 20
A system for strategy based exit planning comprises a processor and a memory.
Utility
Dynamic presentation
31 Aug 20
The disclosed embodiments relate to provisioning of a service, such as a financial service, to a device, such as a mobile device operative to access the service wirelessly or otherwise, in a manner which efficiently provides a consistent user experience which meets a user's expectations as to the functionality and quality of the service, including the user interface therefore and service delivery, which leverages the available capacities of the devices through which the service is provided so as to maximize the functionality and quality of the provided service without diminishing the experience, i.e. without substantially reducing the quality or functionality.
Utility
Dynamic Communication
12 Aug 20
The disclosed embodiments relate to provisioning of a service, such as a financial service, to a device, such as a mobile device operative to access the service wirelessly or otherwise, in a manner which efficiently provides a consistent user experience which meets a user's expectations as to the functionality and quality of the service, including the user interface therefore and service delivery, which leverages the available capacities of the devices through which the service is provided so as to maximize the functionality and quality of the provided service without diminishing the experience, i.e. without substantially reducing the quality or functionality.
Utility
Dynamic communication
15 Jun 20
The disclosed embodiments relate to provisioning of a service, such as a financial service, to a device, such as a mobile device operative to access the service wirelessly or otherwise, in a manner which efficiently provides a consistent user experience which meets a user's expectations as to the functionality and quality of the service, including the user interface therefore and service delivery, which leverages the available capacities of the devices through which the service is provided so as to maximize the functionality and quality of the provided service without diminishing the experience, i.e. without substantially reducing the quality or functionality.
Utility
Dynamic Execution
29 Apr 20
The disclosed embodiments relate to provisioning of a service, such as a financial service, to a device, such as a mobile device operative to access the service wirelessly or otherwise, in a manner which efficiently provides a consistent user experience which meets a user's expectations as to the functionality and quality of the service, including the user interface therefore and service delivery, which leverages the available capacities of the devices through which the service is provided so as to maximize the functionality and quality of the provided service without diminishing the experience, i.e. without substantially reducing the quality or functionality.