Benzinga | Jul 23, 2020 05:18PM EDT

E*TRADE Financial: Q2 Earnings Insights

Shares of E*TRADE Financial (NASDAQ:ETFC) fell 0.56% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 21.43% year over year to $0.88, which beat the estimate of $0.76.

Revenue of $716,000,000 rose by 4.53% year over year, which beat the estimate of $674,180,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

E*TRADE Financial hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $57.30

Company's 52-week low was at $25.76

Price action over last quarter: Up 34.64%

Company Overview

E-Trade is one of the largest direct-to-investor platforms in the United States and housed over $500 billion of invested assets and client cash at the end of 2019. The company generates interest income on noninvested cash on its platform, trading commissions, service charges including payment for order flow, and fees from stock plan administration. Almost all the company's revenue is generated within the U.S.