ETFC - E*TRADE Financial Corporation
| Previous Close | 38.97 |
| Open | 39.57 |
| Bid | 0.00 x 3000 |
| Ask | 0.00 x 800 |
| Day's Range | 39.44 - 40.15 |
| 52 Week Range | 34.68 - 54.44 |
| Volume | 5,255,990 |
| Avg. Volume | 3,594,242 |
| Market Cap | 9.468B |
| Beta (3Y Monthly) | 1.17 |
| PE Ratio (TTM) | 9.71 |
| EPS (TTM) | 4.07 |
| Earnings Date | Oct 17, 2019 |
| Forward Dividend & Yield | 0.56 (1.44%) |
| Ex-Dividend Date | 2019-08-16 |
| 1y Target Est | 42.73 |
- Yahoo Finance
Trade war pause, retail sales, bank earnings – What to know in the week ahead
The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.
- Insider Monkey
Is E*TRADE Financial Corporation (ETFC) Going to Burn These Hedge Funds?
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of June 28. In this […]
- Kiplinger
Commission-Free Trades: A Bad Deal for Investors
Four of the biggest online brokers just cut their commissions to $0 per transaction. Be careful, or you could be a big loser.
- Investopedia
E*TRADE vs. Fidelity Investments 2019
Two of the oldest and largest brokers both have best-in-class features, educational resources and trading tools for investors and traders at all levels.
- Business Wire
E*TRADE Study Reveals Investors Turn Bearish as Negative Views on the Economy Increase Significantly
More than half of investors think the economy has hit its peak, up 16 percentage points since the beginning of the year
- Investor's Business Daily
Here's Why Online Brokers Are Rising On Fidelity's Zero-Fee Move
Fidelity joined Charles Schwab and other online brokers in offering zero-fee stock trades while touting higher yields for cash balances. Schwab stock rose.
- Moody's
E*TRADE Financial Corp. -- Moody's announces completion of a periodic review of ratings of E*TRADE Financial Corp.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of E*TRADE Financial Corp. New York, October 10, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of E*TRADE Financial Corp. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's assessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers, which was followed by a rating committee.
- Bloomberg
Brokers Get ‘Relief’ as Fidelity Fee Match Eases Price War
(Bloomberg) -- Investors can “breathe a sigh of relief” as Fidelity Investments matched rivals instead of escalating a recent price war, according to Morgan Stanley.Shares of TD Ameritrade Holding Corp. rose as much as 2.8% in Thursday morning trading, while Charles Schwab Corp. gained 2.3% and E*Trade Financial Corp. climbed 3.4%. TD Ameritrade has plunged 29% in the past month, while Schwab and E*Trade have both tumbled 13%, as brokers gave up on commissions.“Product pricing is now in-line across e-brokers and Fidelity and removes a near-term overhang,” Morgan Stanley analyst Michael Cyprys wrote in a note. He flagged Fidelity leaving its contract fee on options at 65c per contract, and said, “fears around margin lending going to zero are well overdone.”Cyprys added that Fidelity highlighting its money fund sweep option, which pays a higher yield on customer cash balances than bank sweep offerings at Schwab, TD Ameritrade and E*Trade isn’t new. “They’ve been touting this for a while now, and concerns around this are already reflected in the price for Schwab,” he said.Read more: Schwab, E*Trade Fall as Fidelity Directs Cash to High YieldsFidelity said Thursday it will offer zero commissions for online buying and selling of U.S. stocks, exchange-traded funds and options, and also provide higher yields for cash balances and better trade execution. The move came after four major industry players rolled out commission-free stock and ETF trading:Interactive Brokers Group Inc. announced commission-free stock and ETF trading in late SeptemberSchwab and TD Ameritrade then slashed trading fees to zero on Oct. 1E*Trade joined its rivals and cut commissions to zero the next dayFidelity’s price cut may have other impacts as well, according to Bloomberg Intelligence analyst David Ritter:“Fidelity’s move to free online trades may spur Schwab to cease accepting payments for order flow (1% of net revenue), likely improving prices received by clients and enhancing its appeal. We think the company is also likely to default to higher interest-bearing options for customers’ cash balances.”Last week, Cyprys said that he saw a higher probability Fidelity would reduce prices after E*Trade, TD Ameritrade and Schwab slashed commissions to zero.Read more: Schwab Triggers Online-Broker Bloodbath as Price War Deepen(Updates share trading in second paragraph. Adds commentary from Bloomberg Intelligence in the penultimate paragraph.)To contact the reporter on this story: Felice Maranz in New York at fmaranz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Brad OlesenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Kiplinger
Schwab, TD Ameritrade, E*Trade, Fidelity Go Commission-Free
TD Ameritrade commissions vanish Oct. 3, Schwab and E*Trade start Oct. 7, Fidelity finally joins in effective Oct. 10
- Barrons.com
Fidelity Cuts Commissions to Zero. That’s Not a Problem for Schwab Stock and E*Trade, Analyst Says
It may finally be game over for U.S. equity trading commissions. Fidelity announced Thursday that it is eliminating equity commissions, joining other discount brokers that made the move to zero last week.
- Investopedia
Fidelity Cuts Equity and Options Base Commissions to Zero
A week after Schwab, TD Ameritrade and E*TRADE cut their base commissions to zero, Fidelity makes the same move while emphasizing their overall value to investors
- Zacks
Moody's Lowers E*TRADE, Schwab Outlook; Affirms TD Ameritrade
Moody's downgrades the outlook for E*TRADE Financial (ETFC) and Charles Schwab (SCHW), following fee cut announcement. The outlook for TD Ameritrade (AMTD) remains stable.
- Investor's Business Daily
The App That Sparked The Zero-Fee Trade War Will Offer This New Service
The Robinhood app will launch a new service for earning interest on, and spending, uninvested cash nearly a year after its checking account fiasco.
- Barrons.com
‘Free’ Trading Has Arrived. Be Sure to Read the Fine Print.
While commission-free trades are likely to lure investors, financial professionals warn there are limits and some remaining fees. What’s more, free trading could lead investors to make risky bets or disregard other costs of trading, such as taxes.
- TipRanks
Goldman Sachs: 3 Recession-Resistant Stocks to Buy
Less than a week ago, Goldman Sachs private wealth management chief investment officer Sharmin Mossavar-Rahmani stoked investor worries with a comment putting the chances of a recession hitting the U.S. in 2020 at somewhere between 25% and 30%.But less than a week later, Goldman global strategist Peter Oppenheimer seemed to say the opposite, telling CNBC: "This downturn in manufacturing has been one of the longest on record and may start to stabilize, if not improve, somewhat soon ... Growth has slowed but [the economy] is not close to recession," he concluded.And we have to say -- this all seems terribly confusing. So are we facing a recession risk or aren't we? According to the investment banker's latest thinking, instead of crashing, the economy is doing just fine, and stock markets that slumped on Monday could quickly rebound, sending the S&P 500 up as much as 5% by the end of this year. But what if Goldman is wrong now, and what if it was right last week?Just to be safe, we've asked the Stock Screener at TipRanks to suggest for us a few stocks receiving "buy" or stronger ratings on Wall Street, and receiving "buy" ratings from Goldman Sachs in particular. Whether the economy does well or poorly in general, either way, Goldman Sachs at least thinks these three stocks will do well. Let's take a closer look:Lamb Weston Holdings (LW) Lamb Weston Holdings isn't the sexiest stock pick on the planet, but if you're looking for a recession-resistant stock, you might well want to put this one in your pantry. Lamb Weston, you see, produces and sells frozen potatoes, sweet potatoes, and appetizers to restaurants, grocers, and wholesalers. And no matter how bad any recession gets, we doubt it's going to get so bad that people can't afford potatoes.Potato supplies look "average" in 2020, input costs are "benign," and pricing is "consistent with ... expectations." But in a note released last week, Goldman analyst Adam Samuelson cited strength in the quick-serve restaurant channel driving "organic volume growth of 6%" as one key reason to like the stock. (To watch Samuelson's track record, click here)In fact, with earnings estimates on the rise -- up about a penny for 2020 to $3.56 per share, and up $0.12 and $0.11 respectively in 2021 and 2022 -- Samuelson is confident enough in this one to rate Lamb Weston a "buy" with a $85 price target, 5% above the consensus price on Wall Street, and good enough for a 12% gain from today's prices. Throw in a modest 1.1% dividend yield, and Lamb Weston should comfortably outperform the market going forward.All in all, TipRanks reveals the potato giant as one drawing bullish attention on Wall Street. Out of 4 analysts polled in the last 3 months, all 4 are bullish on LW stock. The 12-month average price target stands at $81.25, marking a 7% upside potential from where the stock is currently trading. (See LW stock analysis on TipRanks)Moelis (MC)Another low-profile stock pick that nonetheless caught Goldman's eye this week is investment bank Moelis. You may not have heard of this one -- with a market capitalization of only $1.5 billion, Moelis flies far below the heady heights of better-known investment banking names like JPMorgan... or Goldman Sachs. But by the same token, the fact that Goldman Sachs itself thinks this one is worth a look may carry some weight.As you've probably heard by now, the U.S. is currently enjoying its longest economic expansion in history. Whether that means a recession is just around the corner, or not, we're almost by definition way deep into the economic cycle. And 4-star Goldman analyst Richard Ramsden thinks that Moelis is just the kind of stock to own if you want to be "levered to later-cycle activity" such as corporate restructurings.Ramsden also likes the fact that as America's expansion gets a bit long in the tooth, Moelis offers exposure to markets overseas. "Roughly half" the company's M&A business year to date, says Ramsden, has been "cross-border" -- twice the average among investment banks.As a result, Ramsden rates MC stock a "buy" with a $35 price target. (To watch Ramsden's track record, click here)Speaking of which, investment bankers on average believe Moelis stock could tack on as much as 29% gains over the next 12 months. But just in case they're wrong about that, and things do turn south for the economy, Moelis offers investors a beefy 6.5% dividend yield! (See MC stock analysis on TipRanks) E*Trade Financial (ETFC)Last but not least, we come to the stock that's been garnering all the headlines lately.Last week, discount brokerage Charles Schwab cut the commission it charges on stock and ETF trades to $0, damaging its own stock price in the process, and blowing a gaping hole in the stock prices of rivals TD Ameritrade and E*Trade as well. At a share price just 9.2 its trailing earnings, E*Trade stock now sells for a big 15% discount to what it fetched just a week ago.And that's... okay.Historically, says Goldman Sachs analyst Will Nance, America's discount brokerage stocks have sold for valuations of about 15 to 16 times earnings. Measured against that yardstick, E*Trade stock at 9.2 times earnings looks like a screaming bargain.Now, the situation isn't quite as attractive as it seems. Nance warns that in a doomsday scenario in which the Fed cuts interest rates to zero, discount brokerage stocks could still have farther to fall -- perhaps as much as another 30%. But zero interest rates aren't a certainty, nor would they last forever even if they do happen temporarily.As such, Nance sees a good 15.5% upside in the stock as he rates it a "buy" along with $43 price target.Where does the rest of the Street side on this brokerage giant? It appears mostly bullish, as TipRanks analytics demonstrate ETFC as a Buy. Out of 9 analysts polled in the last 3 months, 5 are bullish on E*Trade stock, 3 remain sidelined, and only one is bearish. With a return potential of nearly 20%, the stock’s consensus target price stands at $44.56. And yes, the fact that E*Trade pays a respectable 1.6% dividend yield doesn't hurt one bit. (See ETFC stock analysis on TipRanks)
- Barrons.com
Your Cash Helps Pay for Those Free Stock Trades
Investors at some of the country’s biggest brokerages won’t have to pay commissions on stock trades any longer, but they’ll be paying in another—less obvious, critics say—way: paltry returns on cash.
- Zacks
Hasbro, Kohl's, Charles Schwab, E-Trade and TD Ameritrade highlighted as Zacks Bull and Bear of the Day
Hasbro, Kohl's, Charles Schwab, E-Trade and TD Ameritrade highlighted as Zacks Bull and Bear of the Day
- Zacks
The Death Of A Stockbroker
Free-trading across the board is great news for retail investors like us (unless you own one of these brokerage stocks).
- Investopedia
E*TRADE vs. TD Ameritrade 2019
E*TRADE and TD Ameritrade offer comprehensive suites of investment and trading products as well as intuitive platforms with lightning-fast order execution and in-depth research.
- Barrons.com
Buy E*Trade Stock as Trading Fees Fall to Zero, Analyst Says
UBS analyst Brennan Hawken on Sunday upgraded shares of E*Trade to Buy from Neutral. But he thinks TD Ameritrade looks less attractive, and he cut his rating on the shares to Neutral from Buy.
- Reuters
US STOCKS-Wall Street dips as caution sets in ahead of trade talks
Wall Street's main indexes fell on Monday as investors refrained from making big bets ahead of the trade talks later in the week, following a roller-coaster start to the month on fears that the U.S. economy could be sliding into a recession. Tariff concessions from the United States and China last month had fueled hopes of a resolution to the prolonged dispute, but a report that Beijing was increasingly reluctant to agree to a broad trade deal pursued by President Donald Trump weighed on sentiment. The trade-sensitive technology sector dropped 0.2%, dragged down by heavyweights Microsoft Corp and Apple Inc. Technology has been the best performer among the major S&P 500 sectors so far this year.
- Benzinga
UBS Upgrades E-Trade, Downgrades TD Ameritrade After Commission-Free Shake-Up
Discount broker stocks were pounded last week after most of the biggest names cut stock and ETF online trading fees to $0. UBS analyst Brennan Hawken upgraded E*TRADE Financial Corp (NASDAQ: ETFC) from Neutral to Buy and cut his price target from $45 to $41. Hawken said E-Trade has attractive assets and strategic upside, and the stock’s 14.4% drop in the past week has created a compelling risk-reward opportunity.
- Simply Wall St.
Does E*TRADE Financial Corporation's (NASDAQ:ETFC) P/E Ratio Signal A Buying Opportunity?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll look at E*TRADE...
- Benzinga
Coinbase Increases Trading Fees, Penalizing Low-Volume Traders
Coinbase Pro, a digital currency trading platform, is enacting a new fee structure Monday to increase depth and liquidity in crypto markets. The update, which takes effect at 8 p.m. Monday, will increase ...
