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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Aug. 28, 6:19 AM

Slide #7. E*TRADE Financial Corporation Secondary Offering

Company: E*TRADE Financial Corporation (NASDAQ:ETFC)
Date announced: 8/16/2016
Shares Offered: 400,000
Date of Pricing: 8/16/2016
Price Per Share: $1,000
Secondary Offering Details: E*TRADE Financial Corporation (NASDAQ:ETFC) today announced the pricing of $400 million of fixed-to-floating rate non-cumulative perpetual preferred stock, with a liquidation preference of $1,000 per share.

E*TRADE Financial is a financial services company that provides brokerage and related products and services to individual retail investors under the brand E*TRADE Financial. Co. also provides investor-focused banking products, primarily sweep deposits, to retail investors. Co. has two segments: Trading and investing, which focuses on: Trading, Margin and Cash Management; Retirement, Investing and Saving; and Corporate Services; and balance sheet management, which serves as a means to manage Co.'s customer deposits, focusing on asset allocation and managing credit, liquidity and interest rate risks. As of Dec 31 2015, Co. had total assets of $45.43 billion and deposits of $29.44 billion.

ETRADE Financial SEC Filing Email Alerts Service

Open the ETFC Page at The Online Investor »

Company Name:  E*TRADE Financial Corp.
Stock buyback:  ETFC buyback
Sector:  Investment Brokerages
Number of ETFs Holding ETFC:  58
Total Market Value Held by ETFs:  $322.92M
Total Market Capitalization:  $6.89B
% of Market Cap. Held by ETFs:  4.69%

Open the ETFC Page at The Online Investor (in a new window) »

August 28, 2016    6:19 AM Eastern
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Buy (3.33 out of 4)
63rd percentile
(ranked higher than approx. 63% of all stocks covered)
Based on Zacks ABR data;
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