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Article: E*TRADE FINANCIAL Corporation Reports Q2 Earnings of $0.31 Per Share and Raises Guidance.
- Article from:
- PR Newswire
- Article date:
- July 20, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Reported second quarter earnings of $0.31 per share on net income of $123 million
- Raised 2004 GAAP earnings guidance to between $0.87 and $0.97 per share from $0.75 to $0.90 per share
- Reported Total Daily Average Revenue Trades of 127,400 in Q2, an increase of 9 percent year over year and a decrease of 19 percent quarter over quarter
- Increased average margin debt to $2.13 billion, an increase of 107 percent year over year and 8 percent quarter over quarter
- Improved bank spread to 205 basis points from 145 basis points in Q203 and 185 basis points in Q104
E*TRADE FINANCIAL Corporation today announced results for its ...