On Wednesday, Shares of E*TRADE Financial Corp (NASDAQ:ETFC), lost -1.12% to $30.80.
E*TRADE Financial Corporation, released its Monthly Activity Report for May 2015.
Daily Average Revenue Trades for May were 151,444, a four percent decrease from April and a three percent enhance from the year-ago period. The Company added 27,865 gross new brokerage accounts in May, ending the month with about 3.2 million brokerage accounts — an enhance of 7,141 from April.
Net new brokerage assets were $1.0 billion in the month. During the month, customer security holdings raised by two percent, or $3.7 billion, and brokerage-related cash raised by $0.7 billion to $42.0 billion. Bank-related cash and deposits raised by $0.1 billion, ending the month at $5.6 billion. Customers were net buyers of about $0.2 billion in securities during the month.
E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name.
Shares of Energy Transfer Partners LP (NYSE:ETP), remained flat at $ 195.45, during its last trading session.
Energy Transfer Partners, declared that its partner, Lone Star NGL LLC, will construct a fourth natural gas liquids (NGL) fractionation facility at Mont Belvieu, Texas. Fractionator IV, estimated to cost about $450 million, is planned to be operational by December 2016. The 120,000 barrel per day fractionator is fully subscribed by multiple long-term contracts and will provide off-take for the new 533-mile, 24- and 30-inch Lone Star Express Pipeline.
The Lone Star Express Pipeline, which is presently under construction, will transport about 475,000 barrels per day (expandable to 705,000 barrels per day) of NGLs from the Permian’s Delaware and Midland Basins to Mont Belvieu, Texas, to accommodate Lone Star’s contracted NGL transportation volumes. Phase I and phase II of the pipeline remain on plan for completion in the second quarter of 2016 and the fourth quarter of 2016, respectively.
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company’s Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, in addition to through its ET fuel system and HPL system.
At the end of Wednesday’s trade, Shares of Hudson City Bancorp, Inc. (NASDAQ:HCBK), lost -0.39% to $10.10.
Hudson City Bancorp, declared that it has released the 2015 capital stress test results for the Bank as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“DFA”). The results can be obtained on the Company’s web site http://www.hcsbonline.com. The results, per regulatory guidance, are for the Bank only.
The DFA requires national banks and federal savings associations with total merged assets of more than $10 billion, such as the Bank, to conduct annual stress tests. Accordingly, the Bank conducted a DFA company-run stress test under three hypothetical supervisory scenarios (baseline, adverse and severely adverse) and guidance offered by the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System. The DFA and regulatory guidance require the Bank to publicly disclose the results of the DFAST under the supervisory severely adverse scenario.
Hudson City Bancorp, Inc. operates as the holding company of Hudson City Savings Bank that provides various banking products and services in the United States. Its deposit products comprise passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, in addition to IRA accounts and qualified retirement plans.
Finally, TigerLogic Corp. (NASDAQ:TIGR), ended its last trade with 21.31% gain, and close at $0.390.
TigerLogic Corporation, declared financial results for the fourth quarter and fiscal year ended March 31, 2015.
- Revenues: Total revenues were $1.5 million for the fourth fiscal quarter ended March 31, 2015, an enhance of 27% when contrast to $1.2 million for the same period in the preceding year. Total revenue for the full fiscal year 2015 was $7.0 million, an enhance of 27% when contrast to the preceding year’s revenue of $5.5 million. Subscription revenues related to the Postano product line were $0.7 million for the fourth fiscal quarter, an enhance of 176% contrast to the preceding year quarter and $2.4 million for the full fiscal year 2015, an enhance of 104% from the preceding year.
- Net Loss: Net loss for the fourth quarter ended March 31, 2015 was $2.2 million, or $0.07 per share, contrast to net loss of $2.7 million, or $0.09 per share, for the fourth quarter of the preceding year. Net loss for the year ended March 31, 2015 was $28.7 million, or $0.93 per share, contrast to net income of $1.3 million, or $0.04 per share, for the same period in the preceding year. During the current fiscal year, the Company recorded a goodwill impairment charge of $18.2 million, while during the preceding year it recorded income from suspended operations of $8.6 million.
- Operating Expenses: Operating expenses for the fourth quarter ended March 31, 2015 were $3.7 million, contrast to $4.9 million for the same quarter in the preceding year. Operating expenses in the fourth quarter of 2015 comprised of non-recurring costs of $0.4 million associated with headcount reductions and facilities consolidations. Operating expenses in the third fiscal quarter of 2015 were $22.3 million, or $4.1 million not taking into account the goodwill impairment charge of $18.2 million recorded during that quarter.
- Adjusted EBITDA: Adjusted EBITDA was negative $2.1 million for the fourth fiscal quarter ended March 31, 2015, a 40% improvement as contrast to negative $3.5 million for the same period in the preceding year. For the years ended March 31, 2015 and March 31, 2014, Adjusted EBITDA was negative $9.5 million.
- Cash: The Company had cash of $10.3 million as of March 31, 2015, down $2.6 million from $12.9 million as of December 31, 2014.
TigerLogic Corporation engages in the design, development, sale, and support of rapid application development software platform and social media content aggregation and visualization platform in North America, the United Kingdom, France, and Germany.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
