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E*TRADE Financial Corporation Announces First Quarter 2014 Results

04/23/14 | PDF

Company announces the sale of $0.8 billion of modified loans NEW YORK--(BUSINESS WIRE)-- E*TRADE Financial Corporation (NASDAQ: ETFC): First Quarter Results Net income of $97 million, or $0.33 per share Total net revenue of $475 million Gain on securities revenue of $15 million, including gains related to the sale of the non-agency CMO portfolio Loss on early extinguishment of debt of $12 million, resulting from the decision to terminate $100 million in wholesale funding Total operating expenses of $290 million, including restructuring charges of $3 million ... More

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