Market Overview

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

Share:
Related ETFC
Earnings Scheduled For July 23, 2015
Oppenheimer's 10 'Best Of The Best' Technical Buy Ideas
Today's Market: After Fed News, Reasons To Be Bullish Technology And Financial Names (Seeking Alpha)

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
Jul 2015Deutsche BankMaintainsBuy
Jun 2015Deutsche BankMaintainsBuy
Jun 2015Goldman SachsAssumesBuy

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)

Get Benzinga's Newsletters