E*TRADE Financial Corporation · New York, NY United States ·(NASDAQ (GS): ETFC)
Company Description
Phone: 646-521-4300
Fax: 212-826-2803
Rankings
- S&P 500
View E*TRADE Financial Corporation Locations On A US Map
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This link will open in a new window E*TRADE wants you to use its services for E*VERYTHING financial. A top online brokerage, the company has more than 4.5 million retail account holders who can trade stock over the Internet (the majority of transactions) and by phone. It also offers mutual funds, options, fixed income products, exchange-traded funds, and portfolio management services. For corporate clients, the company performs market making, trade clearing, and employee stock option plan administration services. Subsidiary E*TRADE Bank offers deposits, savings, and credit cards online, as well as at nearly 30 financial centers in major US cities; customers can transfer funds between their banking and brokerage accounts in real-time. To read the full description, subscribe now.
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Key E*TRADE Financial Corporation Financials
| Company Type | Public - NASDAQ (GS): ETFC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $1,925.6 |
| 2008 Employees | 3,249 |
E*TRADE Financial Corporation Executives
27 executives listed for E*TRADE Financial Corporation's New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Donald Layton | Network |
| EVP and CFO | Bruce Nolop | Network |
| EVP and CIO | Gregory Framke | Network |
Competition
Competitive Landscape for E*TRADE Financial Corporation
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top E*TRADE Financial Corporation Competitors
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