E*Trade's (NASDAQ:ETFC) bottom line returned to the black as the brokerage reported earnings this week. In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the results, how E*Trade managed to turn itself around, and why the competitive environment isn't getting any easier.

David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of E*TRADE Financial. The Motley Fool recommends TD Ameritrade. The Motley Fool owns shares of TD Ameritrade. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.