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

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

E*Trade Financial ( ETFC) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.4%. By the end of trading, E*Trade Financial fell $0.18 (-1.6%) to $11.34 on average volume. Throughout the day, 4,725,376 shares of E*Trade Financial exchanged hands as compared to its average daily volume of 5,259,300 shares. The stock ranged in price between $11.17-$11.42 after having opened the day at $11.32 as compared to the previous trading day's close of $11.52. Other companies within the Financial sector that declined today were: China Housing & Land Development ( CHLN), down 10.1%, Cordia Bancorp ( BVA), down 8.6%, Bank VA Chesterfield ( BOVA), down 8.6% and Western Asset Mortgage Capital ( WMC), down 8.0%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $3.2 billion and is part of the financial services industry. Shares are up 25.0% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates E*Trade Financial a buy, 2 analysts rate it a sell, and 8 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 good cash flow from operations, increase in stock price during the past year and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.

On the positive front, Mayflower Bancorp ( MFLR), down 66.3%, Credit Suisse ( DSLV), down 11.2%, National Bank of Greece ( NBG), down 9.7% and Doral Financial ( DRL), down 8.6% , were all gainers within the financial sector with Public Storage ( PSA) being today's featured financial sector leader.

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

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
null