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E*TRADE’s 1Q18 Results Exceed Expectations

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Nov. 20 2020, Updated 4:38 p.m. ET

1Q18 earnings per share

On April 19, E*TRADE Financial Corporation (ETFC) posted 1Q18 earnings per share (or EPS) of $0.88, which beat analysts’ estimates by $0.12. Brokerages (XLF) benefit from increased volatility, as they experience strong trading volumes and increased trading revenues. E*TRADE’s results also benefited from the strong trading volumes in 1Q18.

In 1Q18, E*TRADE’s peers Charles Schwab Corporation (SCHW) and Interactive Brokers Group (IBKR) exceeded analysts’ expectations on their EPS. However, TD Ameritrade Holding Corporation’s (AMTD) EPS results missed analysts’ expectations.

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E*TRADE’s revenues in 1Q18

E*TRADE (EFTC) reported revenues of $708.0 million in 1Q18, which exceeded analysts’ predictions by ~$33.4 million. E*TRADE’s CEO, Paul Idzik, discussed the favorable analyst views on the company’s 1Q18 results. He added that E*TRADE’s financial results and its business experienced favorable momentum in the quarter.

Idzik noted that due to volatility in the equity markets, active participation from E*TRADE’s clients was visible in these results, which resulted in favorable momentum in its buying activity and trading. This momentum was also visible in its asset flows and margin balances.

E*TRADE has been working to enhance its corporate services platform and trading tools. The company has also been working on its retail online platform. 

Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!

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