E*TRADE FINANCIAL Corporation Announces First-Quarter 2006 Earnings Conference Call

NEW YORK, April 5 /PRNewswire-FirstCall/ -- E*TRADE FINANCIAL Corporation today announced that it will report its first-quarter 2006 financial results after the close of the U.S. financial markets on Wednesday, April 19, 2006. The Company will host a conference call to discuss the results beginning at 5:00 p.m. (EDT). This conference call will be available to domestic participants by dialing 877-434-1281 and 706-679-3933 for international participants. The conference ID number is 7069778. A live audio webcast of this conference call will also be accessible at http://www.etrade.com/.

A replay of the conference call will be available beginning Wednesday, April 19, 2006 at 7:00 p.m. (EDT), through Wednesday, May 3, 2006 at 11:00 p.m. (EDT). To access the replay via telephone, dial 800-642-1687 and enter reservation number 7069778#. To access the replay from international locations, please dial 706-645-9291 and enter reservation number 7069778#. Replay via on-demand webcast will also be available at http://www.etrade.com/ through Wednesday, May 3, 2006.

About E*TRADE FINANCIAL

The E*TRADE FINANCIAL family of companies provides financial services including trading, investing, banking and lending for retail and institutional customers. Securities products and services are offered by E*TRADE Securities LLC (Member NASD/SIPC). Bank and lending products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries.

Important Notice

E*TRADE FINANCIAL and the E*TRADE FINANCIAL logo are registered trademarks or trademarks of E*TRADE FINANCIAL Corporation. The statements contained in this news release that are forward-looking are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to, changes in market activity, anticipated increases in the rate of new customer acquisition, the conversion of new visitors to the site to customers, the activity of customers and assets held at the institution, seasonality, the development and enhancement of products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. Further information about these risks and uncertainties can be found in the information included in the annual reports previously filed by E*TRADE Group, Inc. or E*TRADE FINANCIAL Corporation with the SEC on Form 10-K (including information under the caption "Risk Factors") and quarterly reports on Form 10-Q.

E*TRADE FINANCIAL Media Contact Pam Erickson E*TRADE FINANCIAL Corporation 617-296-6080 pam.erickson@etrade.com E*TRADE FINANCIAL Investor Relations Contact Adam Townsend E*TRADE FINANCIAL Corporation 703-236-8719 adam.townsend@etrade.com