E*Trade Financial Corp (ETFC): Today's Featured Financial Services Winner

E*Trade Financial (ETFC) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole was unchanged today. By the end of trading, E*Trade Financial rose 10 cents (0.9%) to $10.73 on average volume. Throughout the day, 4.8 million shares of E*Trade Financial exchanged hands as compared to its average daily volume of 5.8 million shares. The stock ranged in a price between $10.56-$10.93 after having opened the day at $10.63 as compared to the previous trading day's close of $10.63. Other companies within the Financial Services industry that increased today were: Palmetto (PLMT), up 8.5%, MicroFinancial (MFI), up 8.3%, Millennium India Acquisition Corporation (SMCG), up 7.7%, and San Juan Basin Royalty (SJT), up 5.7%.

E*TRADE Financial Corporation, a financial services company, provides online brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand in the United States. E*Trade Financial has a market cap of $3.07 billion and is part of the financial sector. The company has a P/E ratio of 17.9, equal to the average financial services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 33.5% year to date as of the close of trading on Monday. Currently there are two analysts that rate E*Trade Financial a buy, no analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates E*Trade Financial as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management.

• You can view the full E*Trade Financial Ratings Report.

On the negative front, Ampal-American Israel Corporation (AMPL), down 7.9%, SGOCO Group (SGOC), down 6.9%, CIFC (DFR), down 6.9%, and First Marblehead Corporation (FMD), down 6.6%, were all losers within the financial services industry with Charles Schwab (SCHW) being today's financial services industry loser.

• Use our financial services section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR (XLF) while those bearish on the financial services industry could consider Proshares Short Financials (SEF).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on E*Trade Financial Corp click any of the following:

• E*Trade Financial Corp Stock Price

• E*Trade Financial Corp Analyst Ratings

• E*Trade Financial Corp Key Stats & Profile

• E*Trade Financial Corp Earnings

• E*Trade Financial Corp Ratio Comparison

• E*Trade Financial Corp Growth Rates

• E*Trade Financial Corp Balance Sheet

• E*Trade Financial Corp Cash Flow

• E*Trade Financial Corp Income Statement