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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

        Date of report (Date of earliest event reported): April 18, 2007

                          E*TRADE Financial Corporation

             (Exact name of Registrant as Specified in its Charter)


            Delaware                      1-11921               94-2844166
  (State or other jurisdiction   (Commission File Number)    (I.R.S. Employer
of incorporation or organization)                         Identification Number)

                 135 East 57th Street, New York, New York 10022
              (Address of Principal Executive Offices and Zip Code)

                                 (646) 521-4300
              (Registrant's Telephone Number, including Area Code)

                                 Not Applicable
          (Former Name or Former Address, if Changed Since Last Report)



Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:


|_|  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

|_|  Soliciting material pursuant to Rule 14a-12 under the Exchange act (17 CFR
     240.14a-12)

|_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

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ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

The following information is furnished pursuant to Item 2.02, "Results of
Operations and Financial Condition". On April 18, 2007, the Company announced
its first quarter earnings for fiscal year 2007. A copy of the Company's press
release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

The information furnished shall not be deemed "filed" for purposes of Section 18
of the Securities Exchange Act of 1934, or incorporated by reference into any
filing thereunder or under the Securities Act of 1933 unless expressly set forth
by specific reference in such filing.


ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits

               99.1    Earnings Press Release, dated April 18, 2007





                                    SIGNATURE

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Dated: April 18, 2007



 E*TRADE FINANCIAL CORPORATION


 By:                   /s/ Russell S. Elmer
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                        Russell S. Elmer
             General Counsel and Corporate Secretary