Michael Pizzi - ETRADE Financial CFO and Executive VP

CFO

Mr. Michael A. Pizzi is Chief Operating Officer, Executive Vice President of the Company. was with the Company since 2003 and has served in several executive roles including as the Companys Chief Financial Officer and Chief Risk Officer. Prior to these roles he served in a variety of leadership positions including as the Corporationrationrate and Bank Treasurer where he was responsible for all portfolio, capital and liquidity management. He also previously held various positions in the Companys portfolio management and derivatives functions. Before joining the Company, Mr. Pizzi worked in assetliability management at both Lehman Brothers and First Maryland Bank, as well as in capital markets research for the Federal Reserve Board since 2018.
Age 43
Tenure 6 years
Professional MarksCFA
Phone646 521-4340
Webwww.etrade.com
Pizzi earned a B.A. in Economics from Ursinus College, is a CFA charterholder, and holds the Financial Risk Manager designation.

ETRADE Financial Management Efficiency

The company has return on total asset (ROA) of 1.25 % which means that it generated a profit of $1.25 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 12.02 %, meaning that it created $12.02 on every $100 dollars invested by stockholders. ETRADE Financial's management efficiency ratios could be used to measure how well ETRADE Financial manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 2.82 B in liabilities with Debt to Equity (D/E) ratio of 0.41, which is about average as compared to similar companies. ETRADE Financial LLC has a current ratio of 1.06, suggesting that it is not liquid enough and may have problems paying out its financial obligations when due. Debt can assist ETRADE Financial until it has trouble settling it off, either with new capital or with free cash flow. So, ETRADE Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ETRADE Financial LLC sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ETRADE to invest in growth at high rates of return. When we think about ETRADE Financial's use of debt, we should always consider it together with cash and equity.

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ETRADE Financial Corporation, a financial services company, provides brokerage, and related products and services for traders, investors, registered investment advisors , and stock plan administrators and participants. As of October 1, 2020, ETRADE Financial, LLC operates as a subsidiary of Morgan Stanley. ETRADE Financial operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. It employs 4178 people. ETRADE Financial LLC (ETFC) is traded on NASDAQ Exchange in USA and employs 4,178 people.

Management Performance

ETRADE Financial LLC Leadership Team

Elected by the shareholders, the ETRADE Financial's board of directors comprises two types of representatives: ETRADE Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ETRADE. The board's role is to monitor ETRADE Financial's management team and ensure that shareholders' interests are well served. ETRADE Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ETRADE Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Donna Weaver, Independent Director
Michael Curcio, Chief Brokerage Officer
Rebecca Saeger, Independent Director
Shelley Leibowitz, Director
Brent Simonich, Principal Accounting Officer and Controller
Robert Chersi, Director
Joshua Weinreich, Director
Jaime Ellertson, Independent Director
Kyle Okimoto, Senior Vice President - Marketing
Kevin Kabat, Director
Chad Turner, CFO
Richard Carbone, Independent Director
Michael Foley, Chief Admin. Officer and Executive VP
James Healy, Director
James Lam, Independent Director
Gary Stern, Director
Karl Roessner, Executive VP, General Counsel and Corporate Secretary
Rodger Lawson, Independent Non-Executive Chairman of the Board
Brett Goodman, Chief Communications Officer
Michael Pizzi, CFO and Executive VP
Paul Idzik, CEO, Director and President of E*Trade Bank
Navtej Nandra, President
David Herbert, Senior Vice President - Retail Services
Lori Sher, General Counsel
Paul Brandow, Acting Chief Risk Officer
Ellen Koebler, Executive Vice President Chief Risk Officer
Paul Hutchison, Senior Vice President - Corporate Services
Joseph Sclafani, Independent Director
Frederick Kanner, Independent Director

ETRADE Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is ETRADE Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with ETRADE Financial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ETRADE Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ETRADE Financial will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to McKesson could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace McKesson when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back McKesson - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling McKesson to buy it.
The correlation of McKesson is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as McKesson moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if McKesson moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for McKesson can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the ETRADE Financial LLC information on this page should be used as a complementary analysis to other ETRADE Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Other Consideration for investing in ETRADE Stock

If you are still planning to invest in ETRADE Financial LLC check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ETRADE Financial's history and understand the potential risks before investing.
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