EXHIBIT 99.1


E*TRADE FINANCIAL Corporation Announces Results of Annual Shareholder Meeting

    NEW YORK--(BUSINESS WIRE)--May 23, 2007--E*TRADE FINANCIAL
Corporation (NASDAQ: ETFC) today announced the results of its Annual
Shareholder Meeting held today, May 23, 2007, in McLean, VA. Over 86
percent of all outstanding shares were voted. Shareholders voted in
favor of all the proposals on the proxy, including the election of
four directors and the ratification of the selection of Deloitte &
Touche LLP as the Company's auditors.

    Ronald D. Fisher, Vice-Chairman, SOFTBANK Holdings, Inc.; George
A. Hayter, Partner, George A. Hayter Associates; R. Jarrett Lilien,
President and Chief Operating Officer, E*TRADE FINANCIAL Corporation;
and Donna L. Weaver, Chairman, MxSecure, Inc. were each re-elected to
the Company's Board of Directors for a term that will end at the
Company's Annual Shareholder Meeting in 2010.

    The Company's Corporate Report is currently available at
www.etrade.com.

    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.

    (C) 2007 E*TRADE FINANCIAL Corporation. All rights reserved.

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