Market Overview

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

Related ETFC
E*TRADE Financial (ETFC) August DARTs Descend 5% Q/Q
Gasparino Tweet: Goldman Mulls Buying An Online Trader
Goldman Braces to Slash Fixed-Income Staff (Fox Business)

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
Sep 2014Deutsche BankMaintainsHold
Aug 2014Deutsche BankInitiates Coverage onHold
Jul 2014Credit SuisseMaintainsNeutral

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...

Partner Network

Get Benzinga's Newsletters