E*TRADE Financial Corp (ETFC): Q4 2019 Earnings Snapshot

— E*Trade Financial Corporation (NASDAQ: ETFC) reported 4Q19 earnings of $0.76 per share vs. $1.07 per share in the prior-year quarter.

— Total net revenue declined 7.6% year-over-year to $679 million, vs. $672.5 million expected.

— Net new accounts of 52,000.

— Declared a quarterly cash dividend of $0.14 per share, payable on March 2, 2020, to shareholders as on February 25, 2020.

— ETFC shares traded flat immediately following the announcement.

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