ETrade - M&A Summary, Ownership, and Business Overview

Financial ServicesCompany

ETrade M&A Summary

ETrade has acquired 5 companies of its own. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

ETrade’s largest acquisition to date was in 2005, when it acquired BrownCo for $1.6B. It’s largest disclosed sale occurred in 2008, when it sold E*TRADE Canada to The Bank of Nova Scotia for $442M. ETrade has acquired in 5 different US states. The Company’s most targeted sectors include internet software and services (60%) and business services (20%).

ETrade Ownership

Who owns ETrade?

ETrade is owned by Axos Financial. It was acquired on April 20, 2021.

ETrade Business Overview

Where is ETrade headquartered?

ETrade is headquartered in New York City, New York.

What is ETrade’s revenue?

ETrade disclosed revenue of 2,873M USD for 2018 and 2,366M USD for 2017.

How many employees does ETrade have?

ETrade has 4,105 employees.

What sector is ETrade in?

ETrade is a financial services company.

When was ETrade founded?

ETrade was founded in 1982.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 2

ETrade

E*TRADE Financial Corp.

11 Times Square 32nd Floor,
New York City, New York 10020
United States,
(646) 521-4300
www.etrade.com

E*TRADE Financial Corp. is a financial services company that provides online brokerage, investing, and related banking solutions. E*TRADE Financial was founded in 1982 and is based in New York, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 5 - - - - - 5
vol $3.0B $3.0B
Sell (0.0/yr) # 1 - - - - - 1
vol $442M $442M
  6

Most Recent M&A

Company Date Value Type
Aperture Group LLC (OptionsHouse) 2016-07-25 725M USD Add-on Acquisition
Chicago, Illinois · www.optionshouse.com
Cake Financial Corp. 2010-01-14 - Add-on Acquisition
San Francisco, California · www.cakefinancial.com
E*TRADE Canada 2008-07-14 442M USD Divestiture
Toronto, Ontario
BrownCo LLC 2005-09-29 1.6B USD Divestiture
Boston, Massachusetts
HARRISdirect LLC 2005-08-08 700M USD Divestiture
Jersey City, New Jersey
Card Capture Services, Inc. 2001-05-25 - Add-on Acquisition
Portland, Oregon
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 3 (60%) 2.3B (77%) 1 (100%) 442M (100%)
Business Services 1 (20%) - - -
Financial Services 1 (20%) 700M (23%) - -
Total 5 $3.0B 1 $442M

By Geo

State/Country Buy Value Sell Value
United States 5 3.0B - -
  Oregon 1 - - -
  New Jersey 1 700M - -
  Massachusetts 1 1.6B - -
  Illinois 1 725M - -
  California 1 - - -
Canada - - 1 442M
  Ontario - - 1 442M
Domestic 5 (100%) 3.0B (100%) - -
Cross-border - - 1 (100%) 442M (100%)
Total 5 $3.0B 1 $442M

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
1

Deal Values

buy # Total
> $1B 1 $1.6B
$100M to $1B 2 $1.4B
TOTAL $3.0B
Largest BrownCo LLC
$1.6B (2005-09-29)
sell # Total
$100M to $1B 1 $442M
TOTAL $442M
Largest E*TRADE Canada
$442M (2008-07-14)

M&A Connections

Deals
Acquired from
Investor(s)
40%
2 (40%)
Strategic(s)
40%
2 (40%)
Divested to
Strategic(s)
100%
1 (100%)

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