BGB Securities Initiates Coverage on E TRADE Financial (ETFC)

By admin | 6 years ago

Investment analysts at BGB Securities began coverage on shares of E TRADE Financial (NASDAQ: ETFC) in a note issued to investors on Thursday. The firm set a “sell” rating on the stock.

Shares of E TRADE Financial traded down 2.06% during mid-day trading on Thursday, hitting $9.98. E TRADE Financial has a 52 week low of $7.42 and a 52 week high of $16.66. The company has a market cap of $2.849 billion and a P/E ratio of 16.98.

The company last announced its quarterly results on Thursday, April 19th. It reported $0.13 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.09 EPS by $0.04. The company’s quarterly revenue was down 8.9% on a year-over-year basis. On average, analysts predict that E TRADE Financial will post $0.14 earnings per share next quarter.

ETFC has been the subject of a number of other recent research reports. Analysts at Credit Agricole upgraded shares of E TRADE Financial to an “outperform” rating in a research note to investors on Thursday, April 26th. Separately, analysts at CLSA upgraded shares of E TRADE Financial from an “underperform” rating to an “outperform” rating in a research note to investors on Thursday, April 26th. Finally, analysts at Barclays Capital (NYSE: BCS) reiterated an “equal weight” rating on shares of E TRADE Financial in a research note to investors on Monday, April 23rd.

E*TRADE Financial Corporation (E*TRADE) is a financial services company, which provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial.

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