Shares of E*Trade Financial (ETFC) Fall Again; TD Ameritrade (AMTD) Halves Losses in Past Three-Month
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Price: $49.26 --0%
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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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.
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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