Back to top

Image: Bigstock

E*TRADE Financial Corporation

Read MoreHide Full Article

Shares of E*TRADE have outperformed the industry so far, this year. The performance was supported by the company’s impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. E*TRADE’s several restructuring measures and balance-sheet growth plans keep us encouraged. We anticipate the company’s focus on core operations and strategic initiatives to lead to an improved performance of the top line. Further, the company’s improving credit quality and solid capital position will aid profitability. However, intense competition and stretched valuation remain near-term concerns for E*TRADE. Notably, the company has recorded rise in DARTs in first two months of the current quarter.

Published in