NEW YORK (TheStreet) -- Shares of E-Trade Financial Corp. (ETFC) are up 0.32% to $22.07 in after-hours trading as a change in market rules in the wake of a Senate hearings on high-frequency trading seem unlikely to happen.
Restrictions on payment for order flow could have a significant impact on the revenue of online brokers, including E-Trade.
E-Trade closed higher by 7.74% to $22.00 on Tuesday.
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Separately, TheStreet Ratings team rates E TRADE FINANCIAL CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate E TRADE FINANCIAL CORP (ETFC) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."