Market Overview

UPDATE: Sterne Agee Initiates E*TRADE Financial at Buy on Operating Leverage, Earnings Growth

Share:
Related ETFC
How Jefferies Is Playing 7 Major Brokerages & Exchanges Before Earnings
Oppenheimer: 4 Financial Stocks That Are Technical Buys
Schwab Q1 Earnings Miss, Cash Inflow Stayed Strong (Investor's Business Daily)

Sterne Agee initiated coverage on E*TRADE Financial (NASDAQ: ETFC) with a Buy rating and an $11.00 price target.

Sterne Agee said, "The continued run-off of the loan portfolio and bank deleveraging should drive considerable earnings growth in addition to substantial leverage to an improved operating environment. We view the impending transition to capital deployment as a meaningful catalyst that will also highlight the value of ETFC's tax assets, which we currently believe the market is ascribing limited value to."

E*TRADE Financial closed at $9.49 on Monday.

Latest Ratings for ETFC

DateFirmActionFromTo
Apr 2015JefferiesMaintainsHold
Mar 2015RBC CapitalInitiates Coverage onOutperform
Mar 2015BarclaysMaintainsOverweight

View More Analyst Ratings for ETFC
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (ETFC)

Around the Web, We're Loving...