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For the six months ended 30 June 2020, E*TRADE Financial Corp revenues decreased 5% to $1.49B. Net income applicable to common stockholders decreased 27% to $357M. Revenues reflect Net Interest Margin, Total -% decrease of 16% to 2.69%, Interest income decrease of 24% to $852M, Commissions decrease of 34% to $160M. Net income also reflects Provision (benefit) for credit losses increase from $20M (income) to $5M (expense).
| Period Ending: | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 |
|---|---|---|---|---|
| Total Revenue | 737 | 750 | 739 | 833 |
| Gross Profit | 669 | 663 | 644 | 731 |
| Operating Income | 264 | 256 | 252 | 380 |
| Net Income | 196 | 181 | 172 | 274 |
| Period Ending: | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 |
|---|---|---|---|---|
| Total Assets | 70371 | 67856 | 61416 | 61707 |
| Total Liabilities | 63551 | 61337 | 54873 | 55138 |
| Total Equity | 6820 | 6519 | 6543 | 6569 |
| Period Ending: | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 |
|---|---|---|---|---|
| Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
| Cash From Operating Activities | 3744 | 4821 | 2847 | 969 |
| Cash From Investing Activities | -7838 | -3997 | 4428 | 3549 |
| Cash From Financing Activities | 4871 | 3382 | -7990 | -6004 |
| Net Change in Cash | 777 | 4206 | -715 | -1486 |
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Advanced Financial Summary 