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E*Trade Names Petrilli New Chairman;CEO Freiberg To Stay On Board

DOW JONES NEWSWIRES E*Trade Financial Corp. (ETFC) said Frank J. Petrilli was named its new chairman, replacing Chief Executive Steven Freiberg, who held the role on an interim basis. The online brokerage's last permanent chairman was Robert Druskin, a former Citigroup Inc. (C) executive who left E*Trade in May to become chairman of the Depository Trust & Clearing Corp. Petrilli, 61 years old, has more than 30 years of experience in investing and financial services. Most recently, he was chief executive of Surge Trading Inc. and previously served as chief executive of Nexxar Group Inc. "A seasoned veteran and well-recognized leader in our industry, Frank's experience makes him an ideal addition to our board," said Freiberg, who will remain on the board and as CEO. "In addition to his in-depth understanding of both securities brokerage and consumer banking businesses, Frank has a proven record of leading successful growth in the retail investing segment." E*Trade last week posted an unexpected fourth-quarter loss as the company boosted a portion of its loan loss allowance by $67 million and recorded write-downs of $15 million related to certain loans in the process of foreclosure. Shares were down 0.6% at $8.14 premarket. As of Friday's close, the stock was down 30% over the past three months. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for E*trade Financial (ETFC)
DateTimeHeadline
04/24/201511:28:15Putting Robo Advisers to the Test
04/24/201510:30:11E*TRADE Financial Corp Given New $32.00 Price Target at JMP Securities...
04/24/201503:21:59E*TRADE Financial Corp Price Target Increased to $32.00 by Analysts...
04/23/201518:28:25Trading Volumes at Discount Brokers Pull Back From Record Levels...
04/23/201516:32:20Current Report Filing (8-k)
04/23/201516:05:00E*TRADE Financial Corporation Announces First Quarter 2015 Results
04/20/201513:31:34E*TRADE Financial Corp Given New $30.00 Price Target at Deutsche...
04/10/201508:30:59E*Trade launches Apple Watch app
04/10/201508:05:00E*TRADE Announces Launch of Apple Watch App
04/09/201508:05:00E*TRADE Financial Corporation Announces First Quarter 2015 Earnings...
04/06/201512:10:13Think longer-term for online brokers
03/31/201516:05:00E*TRADE Examines the Tactics of Tax-Conscious Investors
03/29/201511:13:03How to Start Investing With Less Than $500
03/25/201508:09:59Additional Proxy Soliciting Materials (definitive) (defa14a)
03/25/201508:07:55Proxy Statement (definitive) (def 14a)
03/17/201516:07:44Current Report Filing (8-k)
03/17/201501:19:30The Time To Hedge Is Now! March 2015 Update
03/13/201515:44:32Schwab Says Trading Activity Off to Slow Start in 2015
03/13/201508:23:11E*Trade Februrary trading activity falls from a year ago
03/13/201508:05:00E*TRADE Financial Corporation Reports Monthly Activity for February...

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