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Etrade Financial (ETFC) has 1 split in our Etrade Financial stock split history database. The split for ETFC took place on June 02, 2010. This was a 1 for 10 reverse split, meaning for each 10 shares of ETFC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Etrade Financial conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the Etrade Financial stock split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Etrade Financial shares, starting with a $10,000 purchase of ETFC, presented on a split-history-adjusted basis factoring in the complete Etrade Financial stock split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||7.40%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||7.47%|
|About Etrade Financial|
|E*TRADE Financial is a financial services company that provides brokerage and related products and services for traders, investors, stock plan administrators and participants, and registered investment advisors. Co. also provides investor-focused banking products, including sweep deposit accounts to customers. Co. delivers a range of products and services through its retail and institutional channels across the following five product areas: Trading, Investing, Banking and Cash Management Capabilities, Corporate Services and Advisor Services. According to our Etrade Financial stock split history records, Etrade Financial has had 1 split.|
|ETFC Split History Table|
|06/02/2010||1 for 10|
|Financials Stock Splits|
|ETFC is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: ETFC shares outstanding history