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E*TRADE Financial Corp (NASDAQ:ETFC) has been downgraded to Neutral in a report by Bank of America Corp. today.

Yesterday E*TRADE Financial Corp (NASDAQ:ETFC) traded 1.39% higher at $28.71. The company’s 50-day moving average is $27.86 and its 200-day moving average is $25.82. The last stock close price is up 10.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,268,074 shares of the stock were exchanged, down from an average trading volume of 2,908,860

Bank of America Corp. has downgraded E*TRADE Financial Corp (NASDAQ:ETFC) to Neutral in a report released on Thursday October 13, 2016.

Previously on 9/26/2016, Morgan Stanley reported about E*TRADE Financial Corp (NASDAQ:ETFC) raised the target price from $0.00 to $29.00. At the time, this indicated a possible upside of 0.02%.

See Chart Below

E*TRADE Financial Corp (NASDAQ:ETFC)

E*TRADE Financial Corp has a one year low of $19.61 and a 52 week high of $30.98 with a P/E ratio of 37.37 The company’s market cap is currently $0.

In addition to Bank of America Corp. reporting its target price, a total of 13 firms have reported on the stock. The consensus target price is $28.81 with 3 firms rating the stock a strong buy, 9 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About E*TRADE Financial Corp (NASDAQ:ETFC)

E*Trade Financial Corporation is a financial services company. The Company provides brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors. The Company operates in two segments: trading and investing, and balance sheet management. Its trading and investing segment offers a suite of financial products and services to individual retail investors. Its balance sheet management segment focuses on asset allocation and managing credit, liquidity and interest rate risks. Its hybrid service delivery model is delivered through various digital platforms: E*TRADE.com, E*TRADE Mobile and E*TRADE Pro. E*TRADE.com is its site that provides customers with tools, guidance, actionable ideas, research and education to take control of their finances. E*TRADE Mobile offers trading applications for various smartphones and tablets.

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