Joseph Sclafani - ETRADE Financial Independent Director
Director
Mr. Joseph L. Sclafani is no longer Independent Director of the Company, effective May 2019. Mr. Sclafani was formerly Executive Vice President and Controller of JPMorgan Chase Co., responsible for corporate financial operations, regulatory reporting, financial accounting and reporting and accounting policies until December 2006. His 38 years of experience include 27 years at JPMorgan Chase Co. and its predecessors. Mr. Sclafani also spent 11 years at KPMG as a certified public accountant. He earned a B.A. from St. Francis College in Brooklyn and completed postgraduate studies in finance at Bernard M. Baruch College since 2008.
| Age | 68 |
| Tenure | 16 years |
| Phone | 646 521-4340 |
| Web | www.etrade.com |
ETRADE Financial Management Efficiency
The company has return on total asset (ROA) of 1.25 % which means that it generated a profit of $1.25 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 12.02 %, meaning that it created $12.02 on every $100 dollars invested by stockholders. ETRADE Financial's management efficiency ratios could be used to measure how well ETRADE Financial manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 2.82 B in liabilities with Debt to Equity (D/E) ratio of 0.41, which is about average as compared to similar companies. ETRADE Financial LLC has a current ratio of 1.06, suggesting that it is not liquid enough and may have problems paying out its financial obligations when due. Debt can assist ETRADE Financial until it has trouble settling it off, either with new capital or with free cash flow. So, ETRADE Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ETRADE Financial LLC sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ETRADE to invest in growth at high rates of return. When we think about ETRADE Financial's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 12.02 | |||
| Return On Asset | 1.25 |
ETRADE Financial LLC Leadership Team
Elected by the shareholders, the ETRADE Financial's board of directors comprises two types of representatives: ETRADE Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ETRADE. The board's role is to monitor ETRADE Financial's management team and ensure that shareholders' interests are well served. ETRADE Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ETRADE Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Donna Weaver, Independent Director | ||
| Michael Curcio, Chief Brokerage Officer | ||
| Rebecca Saeger, Independent Director | ||
| Shelley Leibowitz, Director | ||
| Brent Simonich, Principal Accounting Officer and Controller | ||
| Robert Chersi, Director | ||
| Joshua Weinreich, Director | ||
| Jaime Ellertson, Independent Director | ||
| Kyle Okimoto, Senior Vice President - Marketing | ||
| Kevin Kabat, Director | ||
| Chad Turner, CFO | ||
| Richard Carbone, Independent Director | ||
| Michael Foley, Chief Admin. Officer and Executive VP | ||
| James Healy, Director | ||
| James Lam, Independent Director | ||
| Gary Stern, Director | ||
| Karl Roessner, Executive VP, General Counsel and Corporate Secretary | ||
| Rodger Lawson, Independent Non-Executive Chairman of the Board | ||
| Brett Goodman, Chief Communications Officer | ||
| Michael Pizzi, CFO and Executive VP | ||
| Paul Idzik, CEO, Director and President of E*Trade Bank | ||
| Navtej Nandra, President | ||
| David Herbert, Senior Vice President - Retail Services | ||
| Lori Sher, General Counsel | ||
| Paul Brandow, Acting Chief Risk Officer | ||
| Ellen Koebler, Executive Vice President Chief Risk Officer | ||
| Paul Hutchison, Senior Vice President - Corporate Services | ||
| Joseph Sclafani, Independent Director | ||
| Frederick Kanner, Independent Director |
ETRADE Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is ETRADE Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 12.02 | |||
| Return On Asset | 1.25 | |||
| Profit Margin | 28.43 % | |||
| Current Valuation | 7.67 B | |||
| Shares Outstanding | 221.1 M | |||
| Shares Owned By Insiders | 0.85 % | |||
| Shares Owned By Institutions | 95.42 % | |||
| Number Of Shares Shorted | 11.52 M | |||
| Price To Earning | 14.24 X | |||
| Price To Book | 1.76 X |
Pair Trading with ETRADE Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ETRADE Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ETRADE Financial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Abbott Laboratories could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abbott Laboratories when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Abbott Laboratories - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Abbott Laboratories to buy it.
The correlation of Abbott Laboratories is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Abbott Laboratories moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abbott Laboratories moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Abbott Laboratories can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the ETRADE Financial LLC information on this page should be used as a complementary analysis to other ETRADE Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Other Consideration for investing in ETRADE Stock
If you are still planning to invest in ETRADE Financial LLC check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ETRADE Financial's history and understand the potential risks before investing.
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