E*Trade Financial Stock Falls On Unusually High Volume (ETFC)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- E*Trade Financial (Nasdaq: ETFC) is trading at unusually high volume Friday with 19.5 million shares changing hands. It is currently at four times its average daily volume and trading down 84 cents (-8.9%) at $8.58 as of 3:55 p.m. ET.

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E*Trade Financial has a market cap of $2.73 billion and is part of the financial sector and financial services industry. Shares are up 18.3% year to date as of the close of trading on Thursday.

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. The company has a P/E ratio of 16.7, above the average financial services industry P/E ratio of 16.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates E*Trade Financial as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and feeble growth in the company's earnings per share. You can view the full E*Trade Financial Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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