Revenue Update on E*TRADE Financial Corp(NASDAQ:ETFC)

E*TRADE Financial Corp(NASDAQ:ETFC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $474.00M. Analysts estimated a revenue of $472.90M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.38.

In a different note, 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. On Jun 16, 2016, Deutsche Bank 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 May 27, 2016, Deutsche Bank said it Maintains its rating on E*TRADE Financial Corp. In the research note, the firm Raises the price-target to $29.00 per share. The shares have been rated ‘Buy’ by the firm.

E*TRADE Financial Corp (ETFC) made into the market gainers list on Wednesdays trading session with the shares advancing 2.17% or 0.54 points. Due to strong positive momentum, the stock ended at $25.46, which is also near the day’s high of $25.46. The stock began the session at $25.17 and the volume stood at 24,05,816 shares. The 52-week high of the shares is $30.98 and the 52 week low is $19.61. The company has a current market capitalization of $7,096 M and it has 27,87,28,710 shares in outstanding.

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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