E*TRADE Financial (ETFC) Tops Q1 EPS by 10c
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E*TRADE Financial Corporation Announces First Quarter 2016 Results
April 21, 2016 4:07 PM EDTNEW YORK--(BUSINESS WIRE)-- E*TRADE Financial Corporation (NASDAQ: ETFC):
First Quarter Results
Net income of $153 million, or $0.53 per diluted share Adjusted net income of $122 million(1), or $0.43 per diluted share(1), excluding a $31 million income tax benefit related to the release of a valuation allowance against state deferred tax assets Total net revenue of $472 million(2) Allowance for loan losses of $322 million resulting in a benefit to provision for loan losses of $34 million... More