E*TRADE Financial Corporation ( ETFC) Q4 2010 Earnings Call January 26, 2011 5:00 pm ET Executives Susan Hickey - Media Relations Steven J. Freiberg - Chief Executive Officer Matthew J. Audette - Executive Vice President and Chief Financial Officer Analysts Daniel Harris - Goldman Sachs Matt Snowling - FBR Capital Markets & Co. Richard Repetto - Sandler O'Neill & Partners L.P. Eric Bertrand - Barclays Capital Howard Chen - Credit Suisse Michael Vinciquerra - BMO Capital Markets Michael Carrier - Deutsche Bank Securities Joel Jeffrey - Keefe, Bruyette & Woods Patrick O'Shaughnessy - Raymond James PresentationOperator
Welcome to the E*TRADE Financial Fourth Quarter and Full Year 2010 Earnings Conference Call. At this time, all participants have been placed in a listen-only mode. Following the formal remarks, we will open the call for Q&A. (Operator Instructions) Thank you. It is now my pleasure to turn the floor over to Susan Hickey from E*TRADE Financial. Please go ahead. Susan Hickey Good afternoon and thank you for joining us for E*TRADE Financial’s fourth quarter and full year 2010 conference call. Joining me today are Steven Freiburg, E*TRADE’s Chief Executive Officer; Matt Audette, our Chief Financial Officer; and other members of E*TRADE’s management team. Before turning the call over to Steve, I’d like to remind everyone that during this conference call, the company will be sharing with you certain projections or forward-looking statements regarding future events or its future performance. E*TRADE Financial cautions you that certain factors including risks and uncertainties referred to in the 10-Ks, 10-Qs, and other documents E*TRADE files with the Securities and Exchange Commission could cause the company’s actual results to differ materially from those indicated by its projections or forward-looking statements.