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E*TRADE Financial Corporation Message Board

  • ca_fatboy ca_fatboy Jul 24, 2013 8:58 PM Flag

    Hmmm... so what happens tomorrow?

    Let's look at TD Ameritrade, who reported yesterday and we got to see the stock price response today.

    TD also beat on earnings (though not as much as E*Trade. One key difference is that TD Ameritrade is growing their top line (Revenue) year-over-year. Whereas E*Trade is shrinking year-over-year. E*Trade's revenue is down companred to the same quarter last year, which isn't a good sign.

    TD Ameritrade sold off today. E*Trade really crushed earnings, so I'm certainly not going to predict that E*Trade will sell of tomorrow. E*Trade did comment that trading volume is down in July.

    I wouldn't be surprised if tomorrow is not as positive as it looks in AH. But I guess we'll find out soon enough.

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