BNET Industries

Market Cap:$2.8B
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. Layton
Number of Employees 3,400
Contact Information

135 East 57th Street

4500 Bohannon Dr

New York, New York 10022

www.etrade.com

646-521-4300

NAICS Code Savings Institutions: 522120

Recent Events

  • U.S. stock futures point to sharply lower open ahead of key economic data

    10/29/09 - Financial Announcement - View Story

  • Earnings Preview: Eyes on E-Trade credit trends

    10/27/09 - New Investment - View Story

  • Money Report

    9/26/09 - Bond / Stock Rating - View Story

  • STOCKS NEWS US-Option expiration may move Auxilium shares

    9/18/09 - Bond / Stock Rating - View Story

  • E*Trade Slumps in Heavy Trading; News Light

    9/22/09 - Bond / Stock Rating - View Story

  • Skymark Research Initiates Independent Research Coverage On E*TRADE Financial, Inc.

    9/18/09 - Bond / Stock Rating - View Story

  • Pops & Drops: Sprint, Potash...

    9/14/09 - Bond / Stock Rating - View Story

  • E*Trade Stock Offering May Be Red Flag

    9/14/09 - Bond / Stock Rating - View Story

  • ETrade Plans $150 Mln Stock Sale, Ends Poison Pill

    9/14/09 - Bond / Stock Rating - View Story

  • E*Trade Gets Boost From Citi Upgrade

    9/14/09 - New Investment - View Story

  • Ahead of the Bell: E-Trade upgraded; shares rise

    9/14/09 - Bond / Stock Rating - View Story

  • E-Trade completes $150 million stock offering

    9/23/09 - Financial Announcement - View Story

  • E-Trade ETFC Won't Get Bought Out In 2009

    9/01/09 - Merger / Acquisition - View Story

  • E-Trade's break

    8/31/09 - Bond / Stock Rating - View Story

  • S&P raises E-Trade ratings on debt exchange

    8/26/09 - Bond / Stock Rating - View Story

  • Citadel scraps plan to sell E-Trade stock

    8/31/09 - Financial Announcement - View Story

  • UPDATE 2-E*Trade reports another loss, but CEO confident

    7/22/09 - Financial Announcement - View Story

  • E*Trade Capital Efforts May Lead to Sale

    6/23/09 - Bond / Stock Rating - View Story

  • Notable Analyst Rating Changes 6/23: BHP, ETFC, SIRI, FDX, UPS Upgraded; MRVL, PKI, BPI Downgraded

    6/23/09 - Bond / Stock Rating - View Story

  • STOCKS NEWS US-Barclays: sell strangle options in telecoms

    6/19/09 - Bond / Stock Rating - View Story

News & Analysis

e*trade financial corp. - All News and Analysis

  • Will E*TRADE Surprise or Disappoint Wall Street?

    Seeking Alpha - 2009-10-13

    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...

    Tags: Financial, Navid Ariaban, E*Trade Financial Corp.

  • Why I Like E*TRADE's Bond Service Platform

    Seeking Alpha - 2009-10-07

    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...

    Tags: US Market, Thomas Smicklas, E*Trade Financial Corp.

  • E*Trade Appears Ready to Climb

    Seeking Alpha - 2009-10-05

    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...

    Tags: Financial, Internet, Jason Schwarz, E*Trade Financial Corp.

  • E*Trade Completes Stock Offering

    Seeking Alpha - 2009-09-24

    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...

    Tags: Internet, Zacks.com, E*Trade Financial Corp.

  • Why E*Trade Is a Must Buy

    Seeking Alpha - 2009-09-21

    Jeremy Richards submits: E*Trade ETFC. Analysts believe it's now undervalued after trading near $2 less than a month ago. Now at $1.84, ETFC may soon receive a buyout offer. The people I speak with guess $3 to $4 a share will be the offer and could come any day. A...

    Tags: Financial, Jeremy Richards, E*Trade Financial Corp.

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

  • Some Hedge Funds Still Feel Effects Of 2008 Redemptions

    CNN Money - 9/03/09 - View Story

  • Citadel Does An About-Face on E*Trade

    Seeking Alpha - 9/02/09 - View Story

  • Citadel Backs Off Plan to Sell E*Trade Stake

    New York Times - 8/31/09 - View Story

  • E-Trade's break

    Marketwatch - 8/31/09 - View Story

  • Citadel reverses course on E-Trade share sale

    Chicago Tribune - 8/31/09 - View Story

  • Citadel drops E-Trade sale

    Marketwatch - 8/31/09 - View Story

  • Citadel drops E-Trade share sales

    Marketwatch - 8/31/09 - View Story

  • Citadel scraps plan to sell E-Trade stock

    CNBC - 8/31/09 - View Story

  • Citadel Investment Terminates E*Trade Stock Sale Plan

    Morningstar.com - 8/31/09 - View Story

  • Citadel Scrubs E*Trade Stock-Sale Plan

    The Wall Street Journal Interactive Edition - 8/31/09 - View Story

  • Citadel Transfers Lehman Claims to Credit Suisse

    New York Times - 8/27/09 - View Story

  • Citadel Cuts Name From Unit

    The Wall Street Journal Interactive Edition - 8/27/09 - View Story

  • 2nd UPDATE: E*Trade Shareholders Approve Debt Exchange

    Morningstar.com - 8/19/09 - View Story

  • E*Trade CEO says Citadel trade pact unlikely

    Reuters - 8/19/09 - View Story

  • E*TRADE FINANCIAL Announces Results of Special Stockholder Meeting

    Business Wire - 8/19/09 - View Story

  • E*Trade Holders Approve Debt Swap

    The Wall Street Journal Interactive Edition - 8/19/09 - View Story

  • Citadel sells chunk of E-Trade stake

    Chicago Tribune - 8/15/09 - View Story

  • COLUMN-Citadel's E*Trade bonanza: Matthew Goldstein

    Forbes.com - 8/14/09 - View Story

  • E*Trade: Citadel's Bonanza

    Seeking Alpha - 8/14/09 - View Story

  • Citadel selling 120M shares of E-Trade

    Chicago Tribune - 8/14/09 - View Story

     ETFC $1.55 +0.06 (4.03% )
Average Volume 104,615,000
Shares Outstanding 1.12B
Market Cap 1.7B
Year High 2.9
Year Low 0.59
Earnings Per Share -1.80
P/E Ratio -0.86
Dividend N/A
Yield N/A
advertisement
Click Here