E*Trade Financial surpasses quarterly analyst estimates, launches $1B share repurchase program


E*Trade Financial Corp. (Nasdaq: ETFC) surpassed analyst estimates for earnings and revenue for its third-quarter financial results, according information released by the company after hours on Thursday.

The New York-based digital financial services and product provider also announced the launch of a new $1 billion share repurchase program.

Net revenue for the company was $720 million for the quarter ended Sept. 30, surpassing estimates of $711 million. That amount also was up 20 percent year over…

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