Company profile

Ticker
ETFC
Exchange
Website
CEO
Michael A. Pizzi
Employees
Incorporated
Location
Fiscal year end
Former names
E TRADE GROUP INC
SEC CIK
IRS number
942844166

ETFC stock data

(
)

Calendar

5 Aug 20
28 Jan 21
31 Dec 21

News

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

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss 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 (positive/no burn) (positive/no burn) (positive/no burn) 359M (positive/no burn)
Cash used (since last report) 7.94B n/a n/a n/a 2.5B n/a
Cash remaining -4.54B n/a n/a n/a 910.94M n/a
Runway (months of cash) -4.0 n/a n/a n/a 2.5 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
2 Oct 20 Dirk W Wyckoff Common Stock Sale back to company Dispose D No 0 15,604 0 0
2 Oct 20 Weinreich Joshua Series B Preferred Stock Sale back to company Dispose D No 0 25 0 0
2 Oct 20 Weinreich Joshua Series A Preferred Stock Sale back to company Dispose D No 0 25 0 0
2 Oct 20 Weinreich Joshua Common Stock Sale back to company Dispose D No 0 13,134 0 0
2 Oct 20 Donna L Weaver Common Stock Sale back to company Dispose D No 0 70,469 0 0
2 Oct 20 Brent Simonich Common Stock Sale back to company Dispose D No 0 55,390 0 0
2 Oct 20 Brent Simonich Common Stock Grant Aquire A No 0 8,143 0 55,390
2 Oct 20 Chad E. Turner Common Stock Sale back to company Dispose D No 0 84,241 0 0
2 Oct 20 Chad E. Turner Common Stock Grant Aquire A No 0 28,478 0 84,241
95.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 405 402 +0.7%
Opened positions 43 57 -24.6%
Closed positions 40 63 -36.5%
Increased positions 121 109 +11.0%
Reduced positions 170 186 -8.6%
13F shares
Current Prev Q Change
Total value 675.78B 60.02B +1026.0%
Total shares 211.36M 190.82M +10.8%
Total puts 708.8K 871K -18.6%
Total calls 709.81K 815.41K -13.0%
Total put/call ratio 1.0 1.1 -6.5%
Largest owners
Shares Value Change
Vanguard 23.86M $1.19B -3.2%
GWL Great West Life Assurance 20.68M $11.32M +10993.2%
BLK Blackrock 16.8M $840.83M -5.0%
TROW T. Rowe Price 13.37M $669.17M -0.3%
Ubs Oconnor 12.23M $611.97B NEW
Primecap Management 10.8M $540.38M -6.6%
STT State Street 9.36M $468.66M -1.1%
GS Goldman Sachs 6.41M $320.9M -2.1%
BAC Bank Of America 4.22M $211.45M +98.4%
CS Credit Suisse 4.1M $205.07M -6.6%
Largest transactions
Shares Bought/sold Change
GWL Great West Life Assurance 20.68M +20.49M +10993.2%
Ubs Oconnor 12.23M +12.23M NEW
Victory Capital Management 1.86M -2.31M -55.4%
BAC Bank Of America 4.22M +2.1M +98.4%
Carlson Capital L P 0 -1.78M EXIT
Tudor Investment Corp Et Al 0 -1.6M EXIT
NTRS Northern Trust 2.19M -1.52M -41.0%
Amundi Pioneer Asset Management 235.39K -1.46M -86.1%
FMR 1.59M +1.41M +749.9%
Healthcare Of Ontario Pension Plan Trust Fund 837.42K -1.3M -60.8%

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

Patents

GRANT
Utility
Strategy based exit planning for a trading system
15 Sep 20
A system for strategy based exit planning comprises a processor and a memory.
GRANT
Utility
Dynamic presentation
1 Sep 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.
APP
Utility
Dynamic Communication
13 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.
GRANT
Utility
Dynamic communication
16 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.
APP
Utility
Dynamic Execution
30 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.