E*TRADE Financial Corp (ETFC) is Reiterated by SunTrust to Hold, Raises Price Target to $ 34

E*TRADE Financial Corp (ETFC) was Reiterated by SunTrust to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 34 from a previous price target of $31 . SunTrust advised their investors in a research report released on Nov 29, 2016.

Many Wall Street Analysts have commented on E*TRADE Financial Corp. E*TRADE Financial Corp was Downgraded by BofA/Merrill to ” Neutral” on Oct 13, 2016. Morgan Stanley Initiated E*TRADE Financial Corp on Sep 26, 2016 to “Equal-Weight”, Price Target of the shares are set at $29.Credit Suisse Resumed E*TRADE Financial Corp on Sep 21, 2016 to “Outperform”, Price Target of the shares are set at $33.

On the company’s financial health, E*TRADE Financial Corp reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.38. The company had revenue of $486.00 million for the quarter, compared to analysts expectations of $471.74 million. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

E*TRADE Financial Corp opened for trading at $34.59 and hit $34.67 on the upside on Friday, eventually ending the session at $34.67, with a gain of 0.29% or 0.1 points. The heightened volatility saw the trading volume jump to 7,66,416 shares. Company has a market cap of $9,493 M.

In a different news, on Nov 16, 2016, Brent Simonich (Principal Accounting Officer) sold 7,996 shares at $32.68 per share price. According to the SEC, 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.

E*TRADE Financial Corp

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