$0.80 EPS Expected for E*TRADE Financial Corporation (ETFC)

September 25, 2018 - By Nadine Davis

E*TRADE Financial Corporation (NASDAQ:ETFC) LogoInvestors sentiment increased to 1.1 in Q2 2018. Its up 0.22, from 0.88 in 2018Q1. It increased, as 27 investors sold E*TRADE Financial Corporation shares while 163 reduced holdings. 68 funds opened positions while 141 raised stakes. 231.91 million shares or 1.91% less from 236.43 million shares in 2018Q1 were reported.
Dupont Mgmt Corp stated it has 0.03% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). Bluecrest Mgmt accumulated 0.05% or 32,902 shares. Jpmorgan Chase And stated it has 649,056 shares or 0.01% of all its holdings. Jabre Prns Sa invested in 0.08% or 20,000 shares. Smith Asset Mngmt Grp L P stated it has 0% in E*TRADE Financial Corporation (NASDAQ:ETFC). Castleark Mgmt Ltd Liability stated it has 113,005 shares. Guardian Capital L P accumulated 10,320 shares. Stanley Limited Liability accumulated 163,861 shares. Chase Investment Counsel holds 2.45% or 74,499 shares in its portfolio. M&T Bancorp holds 0.02% or 47,624 shares in its portfolio. Lmr Limited Liability Partnership accumulated 20,432 shares. Mutual Of America Capital Mgmt Ltd Co accumulated 33,966 shares. Savant Limited Liability Corp, a Illinois-based fund reported 4,100 shares. Kennedy Cap Management holds 58,720 shares or 0.07% of its portfolio. Earnest Prtnrs Limited Liability Com invested 0% in E*TRADE Financial Corporation (NASDAQ:ETFC).

Analysts expect E*TRADE Financial Corporation (NASDAQ:ETFC) to report $0.80 EPS on October, 18.They anticipate $0.25 EPS change or 45.45 % from last quarter’s $0.55 EPS. ETFC’s profit would be $207.70M giving it 17.00 P/E if the $0.80 EPS is correct. After having $0.95 EPS previously, E*TRADE Financial Corporation’s analysts see -15.79 % EPS growth. The stock decreased 1.11% or $0.38 during the last trading session, reaching $54.41. About 2.01 million shares traded. E*TRADE Financial Corporation (NASDAQ:ETFC) has risen 31.31% since September 25, 2017 and is uptrending. It has outperformed by 15.69% the S&P500.

E*TRADE Financial Corporation (NASDAQ:ETFC) Ratings Coverage

Among 12 analysts covering E*TRADE Financial (NASDAQ:ETFC), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. E*TRADE Financial had 22 analyst reports since March 29, 2018 according to SRatingsIntel. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) earned “Buy” rating by Jefferies on Wednesday, September 19. The stock has “Hold” rating by Jefferies on Tuesday, April 10. The stock has “Strong Buy” rating by Raymond James on Friday, July 13. The firm has “Buy” rating by Wells Fargo given on Monday, May 21. The stock has “Outperform” rating by Credit Suisse on Friday, July 20. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, July 25. Barclays Capital maintained E*TRADE Financial Corporation (NASDAQ:ETFC) on Friday, July 20 with “Overweight” rating. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) earned “Overweight” rating by Morgan Stanley on Tuesday, September 18. On Thursday, April 19 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. JMP Securities maintained the stock with “Market Outperform” rating in Thursday, March 29 report.

E*TRADE Financial Corporation, a financial services company, provides brokerage and related services and products primarily to individual retail investors under the E*TRADE Financial brand. The company has market cap of $14.13 billion. It also offers investor-focused banking products, primarily deposits to retail investors; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients. It has a 19.51 P/E ratio. The firm provides its services to clients through digital platforms; and a network of customer service representatives and financial consultants through phone, email, and online at two branches, as well as in person through 30 branches across the United States.

More recent E*TRADE Financial Corporation (NASDAQ:ETFC) news were published by: Benzinga.com which released: “Jefferies Upgrades E-Trade Financial, ‘A Unique And Scarce Asset'” on September 19, 2018. Also Seekingalpha.com published the news titled: “E*Trade August DARTs rise 7% from July, 30% Y/Y” on September 17, 2018. Seekingalpha.com‘s news article titled: “E*Trade adds more than 120 no-loan, no-transaction-fee mutual funds” with publication date: September 20, 2018 was also an interesting one.

E*TRADE Financial Corporation (NASDAQ:ETFC) Institutional Positions Chart

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