DALLAS, Sept. 23, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring E*TRADE Financial Corp. (Nasdaq:ETFC). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
E*TRADE Financial Corp. (ETFC) is a financial services company, which provides online brokerage and related products and services to the individual retail investors, under the brand E*TRADE Financial. It also provides investor-focused banking products, sweep deposits and savings products, to retail investors. The Company's subsidiaries include E*TRADE Bank, which is a federally chartered savings bank that provides investor-focused banking products to retail customers nationwide and deposit accounts insured by the Federal Deposit Insurance Corp. (FDIC); E*TRADE Capital Markets LLC, which is a registered broker-dealer and market-maker; E*TRADE Clearing LLC, which is the clearing firm for the brokerage subsidiaries and is a wholly owned operating subsidiary of E*TRADE Bank; and E*TRADE Securities LLC, which is a registered broker dealer. The Company operates in two business segments: Trading and Investing, and Balance Sheet Management.
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In the report, the analyst notes:
"ETFC recently announced results for its second quarter ended June 30, 2010, reporting net income of $35 million, or $0.12 per share, compared with a net loss of $48 million, or $0.25 loss per share, in the prior quarter and a net loss of $143 million, or $2.16 loss per share, in the second quarter of 2009.
"ETFC recently announced its continued commitment to improving financial literacy and education in low income and minority communities with a new $2 million, 15-month pledge to Operation HOPE (HOPE), an international non-profit dedicated to delivering financial education, access and empowerment to the underserved."
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