UPDATE 1-E*Trade Financial 1st-quarter profit falls 59 pct

April 23, 2015 10:01 PM

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April 23 (Reuters) - E*Trade Financial Corp's first-quarter profit fell 59 percent, hurt by lower trading volume and losses related to retiring $73 million of corporate debt, the New York-based financial company said on Thursday.

E*Trade, which operates a discount broker-dealer and a bank, said net revenue fell 4 percent to $456 million. Operating expenses rose to $300 million from $290 million.

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