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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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November 19, 2015
08:05 EDTETFCE-Trade announces $800M share repurchase authorization
E*TRADE Financial Corporation announced that its Board of Directors authorized the company to repurchase up to $800M of its common stock. The authorization is effective immediately and extends through March 31, 2017. "Today's announcement brings our fourth major capital deployment action in 2015, after having reduced and refinanced corporate debt, terminated wholesale funding obligations, and begun the process of growing our balance sheet to our targeted size of approximately $50 billion," said Paul Idzik, CEO. "It also marks the first time in more than eight years that the Company has returned capital to shareholders through a repurchase program - a natural next step to continue driving value for our owners, while providing us with the flexibility to evaluate further opportunities, should they arise."

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