E Trade Financial (ETFC) 8-K Other Events

Exhibit 99.1

The following table is a reconciliation of basic and diluted loss per share for the years ended December 31, 2009, 2008 and 2007, adjusted for a 1-for-10 reverse stock split of the Company’s common stock that became effective in the second quarter of 2010 (dollars and shares in thousands, except per share amounts):

	Year Ended December 31,
	2009			2008			2007
Basic:
Numerator:
Loss from continuing operations	$	(1,297,762	)	$	(809,384	)	$	(1,442,337	)
Income from discontinued operations, net of tax		—			297,594			583
Net loss	$	(1,297,762	)	$	(511,790	)	$	(1,441,754	)
Denominator:
Basic weighted-average shares outstanding		109,544			50,986			42,444
Diluted:
Numerator:
Net loss	$	(1,297,762	)	$	(511,790	)	$	(1,441,754	)
Denominator:
Diluted weighted-average shares outstanding		109,544			50,986			42,444
Per share:
Basic loss per share:
Loss per share from continuing operations	$	(11.85	)	$	(15.88	)	$	(33.98	)
Earnings per share from discontinued operations		—			5.84			0.01
Net loss per share	$	(11.85	)	$	(10.04	)	$	(33.97	)
Diluted loss per share:
Loss per share from continuing operations	$	(11.85	)	$	(15.88	)	$	(33.98	)
Earnings per share from discontinued operations		—			5.84			0.01
Net loss per share	$	(11.85	)	$	(10.04	)	$	(33.97	)