ETrade Financial Corp. announced late yesterday that it would not put itself up for sale after concluding a review of its strategic alternatives.

ETrade’s board of directors unanimously decided that “the continued execution of the company’s business plan is currently the best alternative for increasing stockholder value,” the company said in a statement.

ETrade closed at $9.48, down 34 cents.

The stock is down 38 percent over the past 12 months.