BNET Industries

Market Cap:$3.0B
Last Fiscal Year Sales:$3.3B
- Public
- US
Dow Jones Description
The E*TRADE FINANCIAL family of companies provides financial services including trading, investing, banking and lending for retail and institutional customers. Securities products and services are offered by E*TRADE Securities LLC (Member NASD/SIPC). Bank and lending products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries.
Chairman & Chief Executive Officer
Donald H. LaytonNumber of Employees 3,400
Contact Information
135 East 57th Street
4500 Bohannon Dr
New York, New York 10022
646-521-4300
Peer Companies
NAICS Code Savings Institutions: 522120
Recent Events
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The Right Broker for Right Now
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U.S. stock futures point to sharply lower open ahead of key economic data
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Earnings Preview: Eyes on E-Trade credit trends
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Money Report
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STOCKS NEWS US-Option expiration may move Auxilium shares
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E*Trade Slumps in Heavy Trading; News Light
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Skymark Research Initiates Independent Research Coverage On E*TRADE Financial, Inc.
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Pops & Drops: Sprint, Potash...
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E*Trade Stock Offering May Be Red Flag
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ETrade Plans $150 Mln Stock Sale, Ends Poison Pill
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E*Trade Gets Boost From Citi Upgrade
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Ahead of the Bell: E-Trade upgraded; shares rise
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E-Trade completes $150 million stock offering
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E-Trade ETFC Won't Get Bought Out In 2009
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E-Trade's break
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S&P raises E-Trade ratings on debt exchange
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Citadel scraps plan to sell E-Trade stock
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UPDATE 2-E*Trade reports another loss, but CEO confident
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E*Trade Capital Efforts May Lead to Sale
News & Analysis
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e*trade financial corp. - All News and Analysis
Fixed-Income Markets: Economic Turning Point Is a Positive Sign
Christopher Keith submits: Key Points At the end of last month, new supply and gross domestic product (GDP) data put pressure on Treasuries. The Treasury Department plans to lengthen their average maturity before the economic data...
How Much Is E*TRADE Really Worth?
Ameritrade AMTD and E*TRADE ETFC report earnings yesterday. AMTD reported earnings of $.26 before the bell beating analyst estimates by $.04. The online broker said Q4 profits declined by 8.9% but trading activity reached the highest quarterly level ever. by YCHARTS.com
E*TRADE Financial Corporation Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question comes from the line of Mike Vinciquerra of BMO Capital Markets. Michael Vinciquerra - BMO Capital Markets Thank you, good afternoon guys. One question for you just on the balance sheet itself the interest earning assets; it looks like you're putting a...
E*Trade: A Solid, Deep Value Stock
Ricard submits: Before we begin, something to get you in the mood. I’ve taken on a large speculative position on ETFC recently, one that has exponentially grown in size over the course of the week. I believe this to be one of the last remaining opportunities...
E*Trade Shows Bullish Signals
Jeremy Richards submits: E*Trade ETFC has earnings due on the 27th of this month. I will hold my position as I believe ETFC will beat the current $0.08 loss estimate. Analysts should reiterate buy ratings and likely raise estimates. Investors could see ETFC stock price trade over $2 a share...
Citadel's E*Trade Stake: The Selling Continues
Market Folly submits: We haven't covered the activity from Ken Griffin's hedge fund firm Citadel Investment Group for a bit because it's been a tornado of SEC 13D and Form 4 filings on Citadel's stake in ETrade Financial ETFC and we didn't want to bombard you with posts on it...
Will E*TRADE Surprise or Disappoint Wall Street?
With Alcoa AA kicking off earnings season with a bang, many investors are curious about whether E*TRADE ETFC will disappoint or surprise Wall Street. E*TRADE’s crucial date will be after the market closes on October 27, 2009. In order to fully understand E*TRADE’s performance one must evaluate...
Why I Like E*TRADE's Bond Service Platform
Thomas Smicklas submits: I am familiar with the platforms of several online brokerage firms. Trading stocks on every service is generally easy and prompt. However when it comes to bonds, there is definitely a difference. Trying to research and invest in bonds on most of the sites I tested ranged...
E*Trade Appears Ready to Climb
Jason Schwarz submits: It appears that the mandatory regulatory repositioning of E*Trade ETFC stock is complete. U.S. Securities and Exchange Commission filings show that E*Trade’s largest shareholder, Citadel, has now sold off $206.8 million over the last couple of weeks. These sales reduce their stake to a more...
E*Trade Completes Stock Offering
Zacks.com submits: E*Trade Financial Corp. ETFC Thursday completed a previously announced at-the-market common stock offering worth $150 million. The company sold approximately 80.2 million shares at an average price of $1.87 per share. The offering resulted in proceeds of $147 million, net of commissions and offering expenses. In...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Dennis Webb | President, E*TRADE Capital Markets |
| Bruce P. Nolop | Chief Financial Officer |
| Connie Dotson | Chief Communications Officer |
| Gregory A Framke | Executive Vice President & Chief Information and Operations Officer |
| Karen Wall | Executive Vice President & Chief Human Resource Officer |
| Nicholas Utton | Chief Marketing Officer |
| Theodore Theophilos | Chief Legal Affairs Officer |
| Christine Wolf | Executive Vice President, Human Resources |
| Todd Mackay | Managing Director, Corporate Development |
| Terry Rowland | Manager, Correspondent Lending, Natl |
| Russell Elmer | Head, HR & Legal & Extended Interim General Counsel |
| Mark J Lotke | investor |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Donald H. Layton | Chairman & Chief Executive Officer |
| C. Cathleen Raffaeli | Board of Directors |
| Daryl G. Brewster | Board of Directors |
| Donna L. Weaver | Board of Directors |
| Joseph L. Sclafani | Board of Directors |
| Kenneth C. Griffin | Board of Directors |
| Lewis E. Randall | Board of Directors |
| Michael K. Parks | Board of Directors |
| Ronald D. Fisher | Board of Directors |
| Stephen H. Willard | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Chairman & Chief Executive Officer | Current |
| Partnership LLC | Chairman of the Board | Current |
| Assured Guaranty, Ltd. | Board of Directors | Current |
| JPMorgan Chase & Co. | Vice Chairman and Member | Former |
| Federal Reserve Bank of New York | Member | Former |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | President, E*TRADE Capital Markets | Current |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Chief Financial Officer | Current |
| Trade Financial Corporation | Executive Vice President and Chief Financial Officer | Current |
| Marsh & McLennan Companies, Inc. | Board of Directors | Current |
| Pitney Bowes Inc. | Chief Financial Officer | Former |
| Pitney Bowes Financial Services | Executive Vice President & Chief Financial Officer | Former |
| Pitney Bowes Inc. | Executive Vice President | Former |
| Kimberly-Clark Corporation | Financial and Operating Positions | Former |
| Stanford Law School | J.D | Former |
| Stanford Graduate School of Business | MBA | Former |
| University of South Dakota | B.A | Former |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Chief Communications Officer | Current |
As Chief Information and Operations Officer, Greg Framke oversees the management of all global technology development and infrastructure at E*TRADE FINANCIAL, as well as its core global operations. Mr. Framke's primary objectives are to maximize efficiency throughout the business, as well as to leverage technology to provide innovative financial services products to customers. Mr. Framke has been recognized as one of InfoWorld's 25 Most Influential CTOs and as a ComputerWorld Honors Program Laureate. He has also earned multiple standings with the InformationWeek 100 and CIO's Top 100 for Innovation. Mr. Framke's career spans over 20 years in both the financial services and technology industries with experience in sales, marketing and technology. Prior to joining E*TRADE FINANCIAL in 2000, Mr. Framke was Director and Global Equity Technology Chief Operating Officer for Deutsche Bank Securities. From 1994 to 1999, he was a Principal with Morgan Stanley & Co for equity technology in New York and London. Before moving to Wall Street, Mr. Framke worked in marketing and sales management positions at IBM, earning numerous awards and commendations. Mr. Framke holds a BA in International Finance, graduating with honors from The George Washington University.
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Executive Vice President & Chief Information and Operations Officer | Current |
As Chief Human Resource Officer, Karen Wall is responsible for the global management of E*TRADE FINANCIAL's human resources practices. With 30 years of experience in human resources services, policies and programs — along with strategy consulting, executive coaching and leadership development — Ms. Wall's expertise and institutional knowledge are aligned to help steer E*TRADE into its future success. Ms. Wall joined E*TRADE in 2004. Her prior experience includes practicing human resources for the American Automobile Association, technology firm BTG, and with consultancy firms. Ms. Wall holds a Bachelor's degree in psychology from University of Virginia and a Master's in Business Administration from George Mason University.
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Executive Vice President & Chief Human Resource Officer | Current |
| University of Virginia | Bachelor's Degree In Psychology | Former |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Chief Marketing Officer | Current |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Chief Legal Affairs Officer | Current |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Executive Vice President, Human Resources | Current |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Managing Director, Corporate Development | Current |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Manager, Correspondent Lending, Natl | Current |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Head, HR & Legal & Extended Interim General Counsel | Current |
| September's Mission | Treasurer and Board Member | Current |
| Trade Financial Corporation | Board of Directors | Current |
| University of California, Berkeley | Jd | Former |
| University of California, Berkeley, School of Law - Boalt Hall | Jd Degree | Former |
| Stanford University | BA Degree In Political Science | Former |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Board of Directors | Current |
| JPMorgan Chase & Co. | Executive Vice President | Former |
| JPMorgan Chase & Co. | Controller | Former |
| St. Francis College | B.A. | Former |
While a student at Harvard, Ken Griffin developed his first convertible bond arbitrage model and traded from his dorm room. In 1990, one year after graduation, Mr. Griffin launched Citadel as a single strategy fund. Today, Citadel and its affiliates deploy capital across multiple investment strategies. The Citadel group of companies operate in the world's major financial centers, including Chicago, New York City, London, San Francisco, Hong Kong, Tokyo and Bermuda. The firm invests across all major asset classes. Mr. Griffin is an active supporter of educational causes that drive community improvement. He serves as a Director of the Chicago Public Education Fund and is a member of the Boards of Trustees for the Art Institute of Chicago and the Museum of Contemporary Art. Mr. Griffin is a member of the World Economic Forum, the Economic Club of Chicago, and the Advisory Council for Chicago 2016, working to bring the 2016 Olympic Games to the city. Mr. Griffin received a bachelor's degree with honors from Harvard College.
| Organization | Position | Status |
|---|---|---|
| Citadel Investment Group LLC | President & Chief Executive Officer | Current |
| Citadel Investment Group LLC | Founder | Current |
| Art Institute of Chicago | Board of Trustees | Current |
| Museum of Contemporary Art | Board of Trustees | Current |
| The Chicago Public Education Fund | Board of Directors | Current |
| Eurasia Group | Advisory Board | Current |
| E*TRADE FINANCIAL Corp. | Board of Directors | Current |
| World Economic Forum | Member | Current |
| Economic Club of Chicago | Member | Current |
| Harvard College | Bachelor's Degree | Former |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| E*TRADE FINANCIAL Corp. | Board of Directors | Current |
Mark J. Lotke , 37, has been a director since March 30, 2005. Mr. Lotke is a Partner with FT Ventures, which he joined in 2005, and where he leads the Software Team. Mr. Lotke currently serves on the boards of ProfitLine, a provider of outsourced telecommunications expense management services, and of Digital Harbor, a composite applications company. Mr. Lotke has over 15 years experience in the information technology industry including over 10 years of private equity experience. Prior to joining FT Ventures, he has invested over $350 million in leading enterprise software, e-commerce and IT-enabled services companies generating over $1.2 billion in realized gains. From January 2003 through December 2004, Mr. Lotke was a General Partner with Pequot Ventures. From January 2001 through December 2002, Mr. Lotke was a General Partner with Covalent Partners. Prior to that, Mr. Lotke was a Managing Director with Internet Capital Group. Mr. Lotke also worked for several years as a principal with General Atlantic Partners. Mr. Lotke began his professional career as a strategy consultant at Corporate Decisions, Inc. and also worked at LHS Group, a mobile billing and customer care software company. Mr. Lotke received a B.S. in Economics summa cum laude from the Wharton School of the University of Pennsylvania and an MBA from the Stanford University Graduate School of Business.
| Organization | Position | Status |
|---|---|---|
| FT Ventures | Partner | Current |
| Daylight Forensic & Advisory, LLC | Ftventures Partner and Daylight Board Member | Current |
| Ftventures Limited | Partner | Current |
| Digital Harbor, Inc. | Member | Current |
| Halo Technology Holdings, Inc. | Board of Directors | Current |
| Profitline, Inc. | Board of Directors | Current |
| Priceline.com Incorporated | investor | Current |
| Delphion, Inc. | investor | Current |
| E*TRADE FINANCIAL Corp. | investor | Current |
| Scopus | investor | Current |
| Pequot Ventures | General Partner | Former |
| Pequot Ventures | Team member | Former |
| Internet Capital Group, Inc. | Team member | Former |
| General Atlantic, LLC | Team member | Former |
| LHS Telekom GmbH & Co. KG | strategy consultant | Former |
| SSC Corporation | Former | |
| University of Pennsylvania | Former | |
| Stanford Graduate School of Business | MBA | Former |
| Wharton Graduate School of the University of Pennsylvania | B.S. In Economics | Former |
Executive News
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Some Hedge Funds Still Feel Effects Of 2008 Redemptions
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Citadel Does An About-Face on E*Trade
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Citadel Backs Off Plan to Sell E*Trade Stake
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E-Trade's break
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Citadel reverses course on E-Trade share sale
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Citadel drops E-Trade sale
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Citadel drops E-Trade share sales
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Citadel scraps plan to sell E-Trade stock
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Citadel Investment Terminates E*Trade Stock Sale Plan
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Citadel Scrubs E*Trade Stock-Sale Plan
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Citadel Transfers Lehman Claims to Credit Suisse
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Citadel Cuts Name From Unit
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2nd UPDATE: E*Trade Shareholders Approve Debt Exchange
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E*Trade CEO says Citadel trade pact unlikely
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E*TRADE FINANCIAL Announces Results of Special Stockholder Meeting
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E*Trade Holders Approve Debt Swap
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Citadel sells chunk of E-Trade stake
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COLUMN-Citadel's E*Trade bonanza: Matthew Goldstein
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E*Trade: Citadel's Bonanza
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Citadel selling 120M shares of E-Trade
Industry Transcripts by Seeking Alpha
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Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
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Progressive Corp. Q3 2009 Earnings Call Transcript
on Nov 11, 2009about PGR
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Nelnet Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about NNI
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American Apparel Q3 2009 Earnings Call Transcript
on Nov 10, 2009about APP
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MBIA Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about MBI
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