Shares of E*Trade Financial (ETFC) Fall Again; TD Ameritrade (AMTD) Halves Losses in Past Three-Month

July 9, 2012 1:25 PM EDT
Get Alerts ETFC Hot Sheet
Price: $36.39 +0.41%

Rating Summary:
    17 Buy, 5 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Shares of E*Trade Financial (Nasdaq: ETFC) have fallen about 30% ($7.55, down $0.29 or -3.70% today) in the past three months and are hovering around the 52-wk low ($7.39).

According to StreetInsider's Ratings Insider, there are currently nine Wall Street firms rating the company...Five at 'Buy' and four at 'Neutral'.

Unfortunately, E*Trade reported Daily Average Revenue Trades (on June 13) falling 5% for May 2012. Although, some other figures were positive, including 43K gross new brokerage accounts and net new brokerage assets up $1.3 billion. But, brokerage-rated cash declined $0.6 billion and bank-related cash/deposits declined.

Shares of TD Ameritrade (Nasdaq: AMTD) have fallen in the past three months as well, but only at 15% or half as much as its closest competitor. Overall, AMTD's market cap is 4.5 times larger than ETFC. Comparing a one-year chart between the two stocks, AMTD fell about 15% and ETFC down 45%. But, on a two-year chart, AMTD is up about 10%, a lot better than ETFC's collapse of nearly 40%.

ETFC is expected to report quarterly earnings on July 19, AMTD on July 17.

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