Maybe they should put the baby in a bigger daycare.
Granted, the small loss this year is an improvement over last year's fourth quarter, which saw losses of $0.11 per share, but this will probably be a quarter that E*TRADE will want to forget as soon as possible: $10.8 million in charges related to a settlement of class action lawsuits had a major impact on income for the quarter, and investors should hope that this is not something that continues on to future quarters.
Small economic indicators
Similar to the numbers reported by competitor TD AMERITRADE
It wasn't all bad news
Even though the numbers for the quarter were less than stellar, the year could be deemed a success. E*TRADE returned to profitability for the first time in five years. Net income for the year was $0.54 per share, compared to a loss of $0.13 per share the previous year. DARTs for the year were up to 157,000, and net new brokerage accounts were up 83% from the year prior. If it can continue to be profitable going forward, deciding to stay independent may be the best move it made last year.
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