Want to join the conversation?
$ETFC 2Q15 PR: E*TRADE Financial reported net income of $292MM or $0.99 per diluted share compared to $69MM or $0.24 per diluted share in 2Q14. Total net revenue was $445MM vs. $438MM in 2Q14. Total Opex was $309MM compared to $284MM in 2Q14. Margin receivables averaged $8.1Bil, up 3% from the prior quarter.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.