Morgan Stanley Initiates Coverage on E*TRADE Financial Corp to Equal-weight

Morgan Stanley Initiates Coverage on E*TRADE Financial Corp(NASDAQ:ETFC). The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Sep 26, 2016.

In a different note, On Sep 21, 2016, Credit Suisse said it Reinstates its rating on E*TRADE Financial Corp. The shares have been rated ‘Outperform’ by the firm. 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.

E*TRADE Financial Corp (ETFC) remained unchanged at the close of Thursday session. Even as the volume increased to 58,31,180 ,the shares failed to make any impression and ended at 0 points or 0.00% at $28.5. The trading session commenced at $28.9 and the stock hit a high of $28.93 and touched $28.42 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $30.98 and the 52-week low is $19.61. The company has a market cap of $7,800 M and has approximately 27,36,85,230 outstanding shares.

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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