E*Trade Financial Rises On Upbeat Q1 Earnings

Shares of E*Trade Financial Corp ETFC surged about 3.5% after the company reported upbeat Q1 earnings. ETFC reported a net profit of $45 million, or $0.16 per share, versus a loss of $48 million, or $0.25 per share, in the year-ago period. The company's revenue came in at $537 million. However, analysts were expecting earnings of $0.12 per share on revenue of $389 million. ETFC shares gained 3.64% to $16.50 in pre-market trading. Read more from Benzinga's Company news.