Back to top

Image: Bigstock

E*TRADE Financial Corporation

Read MoreHide Full Article

Shares of E*TRADE have outperformed the industry over the past six months. This 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. The company’s fourth-quarter 2017 earnings were supported by increased net revenues and a benefit to provision for loan losses. Daily average revenue trades (DARTs) also increased year over year. 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.

Published in