DALLAS, April 30, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring E*TRADE Financial Corp. (Nasdaq:ETFC). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/ads/ETFC
E*TRADE Financial Corp. (ETFC) is a financial services company, which provides online brokerage and related products and services to the individual retail investor under the brand E*TRADE Financial. It also provides investor-focused banking products, sweep deposits and savings products, to retail investors. The Company's subsidiaries include E*TRADE Bank, E*TRADE Capital Markets LLC, E*TRADE Clearing LLC and E*TRADE Securities LLC.
Message Board Search for ETFC: http://www.boardcentral.com/boards/ETFC
In the report, the analyst notes:
"ETFC announced results for its first quarter ended March 31, 2010, reporting a net loss of $48 million, or $0.02 per share, compared with a net loss of $67 million, or $0.04 per share, in the prior quarter and a net loss of $233 million, or $0.41 per share, a year ago. The Company reported total net revenue of $537 million for the first quarter, compared with $523 million in the prior quarter and $497 million in the year ago period.
"ETFC recently priced the secondary offering of 172 million shares of its common stock at a price to the public of $1.75 per share. All of the shares are being sold by Citadel Equity Fund Ltd. and Wingate Capital Ltd., affiliates of Citadel Investment Group, pursuant to a shelf registration statement filed with the Securities and Exchange Commission. The selling stockholders have granted the underwriters an option to purchase up to an additional 25.8 million shares of common stock to cover over-allotments, if any."
To read the entire report visit: www.microstockprofit.com/ads/ETFC
See what investors are saying about ETFC at penny stock forum
MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com
MicroStockProfit.com Disclosure
MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.