E*TRADE’s Q2 Financials a Mixed Bag, Revenues Stagnate

[kreslik.news]

E*TRADE Financial Corporation (NASDAQ:ETFC) has released its financial results for Q2 2016, which featured a slight decline across a number of key metrics, ranging from net income to revenues, per an E*TRADE earnings filing.

For Q2 2016, E*TRADE saw a net income of $133 million and $0.48 per diluted share – this represented a decline of -13.1% QoQ from $153 million in Q1 2016 and $0.53 per diluted share. The figure also pales in comparison to last year’s incomes over the same period, underscoring a sizable drop of -54.5% YoY from $292 million in Q2 2015.

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