News headlines about E*TRADE Financial (NASDAQ:ETFC) have trended positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. E*TRADE Financial earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.900436061081 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s scoring:
- E*TRADE Rallies 14.2% Quarter to Date: Is More Upside Left? – Nasdaq (nasdaq.com)
- E*TRADE Financial (ETFC) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Hot Tickers: E*TRADE Financial Corporation (ETFC), Digital Power Corporation (DPW) – Market Movers (financialqz.com)
- SunTrust Banks Analysts Increase Earnings Estimates for E*TRADE Financial Corp (ETFC) (americanbankingnews.com)
A number of research firms have recently weighed in on ETFC. Zacks Investment Research raised E*TRADE Financial from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Tuesday. SunTrust Banks reissued a “buy” rating and set a $53.00 target price on shares of E*TRADE Financial in a report on Friday. Credit Suisse Group began coverage on E*TRADE Financial in a report on Thursday, November 30th. They set an “outperform” rating and a $56.00 target price for the company. Barclays lifted their target price on E*TRADE Financial from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Finally, Bank of America raised E*TRADE Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $49.00 in a report on Monday, October 9th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $48.00.
E*TRADE Financial (NASDAQ:ETFC) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.04. E*TRADE Financial had a return on equity of 9.34% and a net margin of 27.35%. The company had revenue of $599.00 million for the quarter, compared to analysts’ expectations of $598.96 million. During the same quarter last year, the business earned $0.51 earnings per share. E*TRADE Financial’s revenue was up 23.3% on a year-over-year basis. research analysts anticipate that E*TRADE Financial will post 2.26 earnings per share for the current year.
E*TRADE Financial Company Profile
E*Trade Financial Corporation is a financial services company. The Company provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors.
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