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E*Trade Financial Gets a Hold Rating from Jefferies


Jefferies analyst Daniel Fannon reiterated a Hold rating on E*Trade Financial (NASDAQ: ETFC) on July 11 and set a price target of $65. The company’s shares closed yesterday at $59.76.

According to TipRanks.com, Fannon is a top 100 analyst with an average return of 16.0% and a 77.2% success rate. Fannon covers the Financial sector, focusing on stocks such as WisdomTree Investments, Virtu Financial, and Charles Schwab.

Currently, the analyst consensus on E*Trade Financial is a Strong Buy with an average price target of $69.13.

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Based on E*Trade Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $732 million and net profit of $247 million. In comparison, last year the company earned revenue of $602 million and had a net profit of $193 million.

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E*TRADE Financial Corp. engages in the provision of investment and online stock brokerage services. It offers digital platforms and support to individual investors through phone, email, and online via two national financial centers as well as in personal though financial centers.