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Stock Market & Financial Investment News

News Breaks
March 14, 2013
05:51 EDTETFCE-Trade downgraded to Underperform from Market Perform at Keefe Bruyette
Keefe Bruyette downgraded E-Trade to Underperform after the company announced that Citadel plans to offer 27.4M shares in an underwritten offering. The firm has a $10 price target for shares.
News For ETFC From The Last 14 Days
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May 15, 2013
10:13 EDTETFCOn The Fly: Analyst Downgrade Summary
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08:21 EDTETFCE-Trade reports April DARTs up 1% from March, down 3% from prior year
E*TRADE Financial reported Daily Average Revenue Trades, or DARTs, for April were 141,255, a 1% increase from March and a 3% decrease from the year-ago period. The company added 33,090 gross new brokerage accounts in April, ending the month with approximately 2.9M brokerage accounts – an increase of 6,534 from March. Total accounts ended the month at approximately 4.5M. Net new brokerage assets were positive $5M in the month. During the month, customer security holdings increased by 2%, or $2.3B, and brokerage-related cash decreased by $0.3B to $34.4B, while customers were net sellers of approximately $20M in securities.
06:06 EDTETFCE-Trade downgraded to Underweight from Equal Weight at Barclays
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