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E*TRADE Financial Corporation Announces $800 Million Share Repurchase Authorization

11/19/15 | PDF

NEW YORK--(BUSINESS WIRE)-- E*TRADE Financial Corporation (NASDAQ:ETFC) today announced that its Board of Directors authorized the Company to repurchase up to $800 million of its common stock. The authorization is effective immediately and extends through March 31, 2017. "Today's announcement brings our fourth major capital deployment action in 2015, after having reduced and refinanced corporate debt, terminated wholesale funding obligations, and begun the process of growing our balance sheet to our targeted size of approximately $50 billion," said Paul Idzik, Chief Executive Officer. "It also marks the first time in more than eight years that the Company has returned capital to shareholders through a repurchase program - a n... More

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