Credit Suisse Reinstates E*TRADE Financial Corp to Outperform

Brokerage firm Credit Suisse Reinstates its rating on E*TRADE Financial Corp(NASDAQ:ETFC). The shares have been rated Outperform. The rating by Credit Suisse was issued on Sep 21, 2016.

In a different note, On Aug 9, 2016, Barclays said it Maintains its rating on E*TRADE Financial Corp. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 22, 2016, Goldman Sachs said it Downgrades its rating on E*TRADE Financial Corp. The shares have been rated ‘Neutral’ by the firm. Buckingham Research said it Initiates Coverage on E*TRADE Financial Corp, according to a research note issued on Jul 13, 2016. The shares have been rated ‘Buy’ by the firm. On Jul 11, 2016, Nomura said it Maintains its rating on E*TRADE Financial Corp. In the research note, the firm Lowers the price-target to $31.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Jefferies said it Maintains its rating on E*TRADE Financial Corp. In the research note, the firm Lowers the price-target to $27.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on E*TRADE Financial Corp. In the research note, the firm Lowers the price-target to $32.00 per share. The shares have been rated ‘Overweight’ by the firm.

E*TRADE Financial Corp (ETFC) shares turned negative on Tuesdays trading session with the shares closing down -0.3 points or -1.05% at a volume of 33,72,840. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.745. The peak price level was also seen at $28.745 while the days lowest was $28.09. Finally the shares closed at $28.19. The 52-week high of the shares is $30.98 while the 52-week low is $19.61. According to the latest information available, the market cap of the company is $7,715 M.

E*TRADE Financial Corp(ETFC) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $474.00M. Analysts had an estimated revenue of $472.90M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.38.

Several Insider Transactions has been reported to the SEC. On Apr 28, 2016, Brent Simonich (Principal Accounting Officer) sold 3,994 shares at $26.22 per share price.Also, On Apr 27, 2016, Karl A Roessner (EVP & General Counsel) sold 16,828 shares at $25.93 per share price.On Feb 11, 2016, Michael A. Pizzi (EVP & Chief Financial Officer) sold 22,262 shares at $21.29 per share price, according to the Form-4 filing with the securities and exchange commission.

E*Trade Financial Corporation is a financial services company and an online brokerage industry. The Company offers solutions for individual investors and stock plan participants. The Company offers its customers to take control of its financial futures by providing the products tools services and advice they need to meet their near and long term investing goals. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 Company branches across the United States. The Company operates a bank with the primary purpose of maximizing the value of deposits generated though its brokerage business.

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