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Stock Market & Financial Investment News

News Breaks
September 10, 2013
05:55 EDTETFCE-Trade upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded E-Trade due to compelling valuation and improving balance sheet. The analyst said the bank segment is able to dividend excess capital to the parent in order to pay down debt and brokerage unit improvement is a catalyst. Price target raised to $21 from $14.
News For ETFC From The Last 14 Days
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April 9, 2015
08:41 EDTETFCITG enters cooperation agreement with Philadelphia Financial, Voce Capital
ITG (ITG) announced that it has reached an agreement with shareholders Philadelphia Financial Management of San Francisco and Voce Capital Management and added a new independent member to its board of directors, Jarrett Lilien, former president and COO of E*TRADE Financial (ETFC). ITG has further agreed to conduct a search for a second additional independent board member, with input from Philadelphia Financial and Voce Capital. Lilien will join the board of directors' newly formed Capital Committee, which will review the Company's allocation and use of capital in and among its various businesses and geographies and make recommendations to the full Board regarding further capital optimization strategies. Philadelphia Capital and Voce Capital have committed to support all of the Board's nominees at ITG's annual meeting of shareholders.

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