E*Trade Financial Reaches New 52-Week High (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) hit a new 52-week high Wednesday as it is currently trading at $12.35, above its previous 52-week high of $12.34 with 1.5 million shares traded as of 1:20 p.m. ET. Average volume has been four million shares over the past 30 days.

E*Trade Financial has a market cap of $3.41 billion and is part of the financial sector and financial services industry. Shares are up 32.8% year to date as of the close of trading on Tuesday.

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.

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TheStreet Ratings rates E*Trade Financial as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations 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. You can view the full E*Trade Financial Ratings Report.

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