E*Trade Financial Corp reported its tenth-straight quarterly loss on Wednesday, but the loss narrowed significantly and met Wall Street estimates.

E*Trade provisioned $292 million for loan losses and logged $324 million in charge offs, both lower than in the previous quarter sequentially.

The company reported a loss of $67.1 million, or 4 cents per share, in the fourth quarter ended December 31, down from a loss of $275.6 million, or 50 cents per share, a year earlier.

Quarterly revenue rose 7.6 percent to $523.4 million.

Analysts, on average, had expected E*Trade to report a loss of 4 cents per share and $240.5 million in revenue, according to Thomson Reuters I/B/E/S.

(Reporting by Jonathan Spicer)