E-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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Charles Schwab DARTs momentum continued in July, says UBS UBS noted that Charles Schwab's (SCHW) daily average revenue trades, or DARTS, increased 3% sequentially in July, adding that if the acceleration can continue deeper into the quarter that the firm sees upside potential relative to estimates. However, UBS also pointed out that Schwab's 3% sequential pickup is below what peers TD Ameritrade (AMTD) and E-Trade (ETFC) reported in recent days. UBS maintain its Buy rating and $32 price target on shares of Charles Schwab.