Stock price plunged after E*Trade announced its seventh straight quarterly loss and is under regulatory pressure to raise new capital.
E*Trade's stock price jumped after the company announced that its first quarter earnings would be released during a conference call at the end of the month.
In February, ETFC had deliquent home equiity loans of $753 million -- a 16% decline in two months. ETFC also received $1.2 billion in new assets in February.
ETFC retired $450 million of its 6.125% subordinated notes due 2018. When the notes were retired, ETFC also issued 25 million shares of E*TRADE common stock at $18/share.