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E*TRADE (NASDAQ:ETFC) has been downgraded from Buy to Neutral in a statement by BofA Merrill earlier today.

BofA Merrill has downgraded E*TRADE (NASDAQ:ETFC) from Buy to Neutral in a statement released on 10/13/2016.

On 9/26/2016, Morgan Stanley released a statement for E*TRADE (NASDAQ:ETFC) bumped up the target price from $0.00 to $29.00 that suggested an upside of 0.02%.

Boasting a price of $28.71, E*TRADE (NASDAQ:ETFC) traded -3.08% lower on the day. With the last stock price close up 7.94% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. E*TRADE has recorded a 50-day average of $27.69 and a two hundred day average of $25.78. Volume of trade was down over the average, with 891,975 shares of ETFC changing hands under the typical 2,896,380

Performance Chart

E*TRADE (NASDAQ:ETFC)

With a total market value of $0, E*TRADE has PE ratio of 36.47 with a one year low of $19.61 and a one year high of $30.98 .

A total of 13 brokerages have issued a ratings update on E*TRADE. Three brokerages rating the company a strong buy, nine brokerages rating the company a buy, two brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $28.81.

General Company Details For E*TRADE (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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