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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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
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Notable Analyst Rating Changes 6/23: BHP, ETFC, SIRI, FDX, UPS Upgraded; MRVL, PKI, BPI Downgraded
News & Analysis
Filter by
e*trade financial corp. and internet - All News and Analysis
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...
Citadel Set to Control 97.5% of E*Trade's Order Flow
Tyler Durden submits: Ken Griffin's recent announcement that he is divesting a major portion of his E-Trade ETFC holdings presumably demonstrates a divergence of the paths of the two firms, while in fact Citadel is getting ever more intertwined with the online broker's operations, in fact giving the Chicago...
Online Advertising: ING Direct vs E*Trade
Compete submits: One of the fiercest areas of competition within financial services is in high-yield savings products. Since together E*TRADE ETFC and ING DIRECT accounted for almost 50% of high yield savings applications started online during May and June 2008, we decided to compare the performance of campaigns from...
Stocks To Watch: Viaspace, Inc. (OTCBB: VSPC), Apple Computer Inc. (NASDAQ: AAPL), Quality Systems Inc. (NASDAQ: QSII), Crystallex International Corp. (AMEX: KRY), E*TRADE Financial Corp. (NYSE: ET).
M2 PRESSWIRE-20 October 2006-GrowthStockAlert.net: Stocks To Watch: Viaspace, Inc. (OTCBB: VSPC), Apple Computer Inc. (NASDAQ: AAPL), Quality Systems Inc. (NASDAQ: QSII), Crystallex International Corp. (AMEX: KRY), E*TRADE Financial Corp. (NYSE: ET)C1994-2006 M2 COMMUNICATIONS LTD RDATE:20102006 Stocks To Watch: Viaspace, Inc....
Online Trading Analysis
CARL QUINTANILLA, CNBC ANCHOR: Online trading is growing in popularity again with the individual investor coming back to the market. Several online companies are vying for that business and working to bring the stock world directly into people`s homes. In the next hour we...
Softbank Investment Corp. buys E*Trade Korea
Japan's Softbank Investment Corp. said it will make South Korean online brokerage house E*Trade Korea Co. its subsidiary by purchasing an 87 percent stake in the company from current shareholders.Softbank Investment, which controls E*Trade Securities Co. in Japan, said it had already bought 47 percent of E*Trade Korea's shares outstanding...
ETRADE Canada Ranked Number One Internet Broker in Canada For Second Time
Business Editors TORONTO--BUSINESS WIRE--Feb. 7, 2001 (TSE:EGI.) GomezCanadaTM Internet Brokers ScorecardTM Places E*TRADE Canada on Top E*TRADE CanadaR is the number one Internet broker in the Canadian market, according to the Winter 2000 Internet Brokers Scorecard rankings by GomezTM, the Internet quality measurement firm. E*TRADE...
Online Trading's Agony & Ecstasy
COVER | Our ranking of BROKERS reveals who really deserves your affection. THE LOVE AFFAIR between American investors and their online brokers is growing deeper and more intense. In the first six months of this year, 3.8 million new accounts were opened, and online trading surged 87% compared with...
Open Fund adds three distributors.
MetaMarkets.com announced last week that it is adding E*Trade, Fidelity and USAA to its distributors for its OpenFund, bringing its total to 16 brokerage companies. Open Fund is the first "interactive mutual fund" managed live on the Internet. It is the...
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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