E*TRADE Reports Q1 2016 Earnings with Higher Net Revenue from Q4 2015

[kreslik.news]

US-based online brokerage and bank operator, E*TRADE Financial Corporation, listed on the NASDAQ under ticker symbol ETFC, today announced its first quarter (Q1) financial results including net income of $153 million for the first three months of the year, up from $89m reported for Q4 2015.

For the three months ending in March 2016, the amount of net revenue reported was $472m and up from $439m reported in the prior quarter, and higher from $441m when compared Year-over-Year (YoY) to Q1 2015.

The Q1 net income represents 53 cents per share (CPS) on a diluted basis, up from 14 cps on a ... (read more)