FBR Downgrades E*TRADE (ETFC) to Underperform
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Friedman Billings Ramsey downgrades E*TRADE Financial Corp. (Nasdaq: ETFC) from Market Perform to Underperform.
Shares of E*TRADE are among the worst performing stocks today following soft Q1 results reported yesterday after the close. The stock is currently down more than 30% to $1.69.
Given today's sharp move lower, E*TRADE will be a target for analyst firm's over the next few weeks. To stay up-to-date on all the analyst calls on E*TRADE, visit our Analyst Ratings page.
E*TRADE Financial Corporation, through its subsidiaries, provides online brokerage and related products and services primarily to individual retail investors, under the brand name of E*TRADE Financial worldwide.
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