|Bid||49.05 x 1000|
|Ask||49.08 x 2200|
|Day's range||48.01 - 49.85|
|52-week range||42.56 - 66.46|
|Beta (3Y Monthly)||1.21|
|PE ratio (TTM)||17.60|
|Earnings date||17 Oct 2018 - 22 Oct 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||65.53|
E*TRADE's (ETFC) third-quarter 2018 results reflect top-line strength, a benefit to provision for loan losses and lower expenses.
E*Trade reported earnings of $1 a share, according to a statement Thursday. The company also plans a quarterly cash dividend of 14 cents a share. “As we look to the future, we intend to fully leverage our many accomplishments to maintain our growth trajectory and to continue to deliver meaningful long-term value for our shareholders,” Chief Executive Officer Karl Roessner said in the statement.
Despite slowdown in market volatility, E*TRADE's (ETFC) Q3 results are likely to have benefited from annual increase in net interest income and brokerage accounts.
Bank earnings helped kick off the busy part of third-quarter earnings seasons late last week. The week of October 15 is also chock-full of major earnings reports from giants like Netflix (NFLX) and Morgan Stanley (MS). With that said, let's look at three other companies that seem like buys ahead of their quarterly earnings releases later this week.
E-Trade (ETFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Goldman Sachs (GS) launches its online retail bank, Marcus, in the U.K., offering customers 1.5% interest rate on their savings.
The retail brokerage industry is under purview of regulators, including the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), for better transparency.
BARRONS NEXT HOT STOCKS Come on, somebody: Buy (ETFC) (ETFC)! That’s the short version of Wednesday’s note from Jefferies’ Daniel Fannon, who set a “buy” rating on shares of the online broker. “We view the current valuation as attractive for the core business,” he wrote, “while the financial and strategic benefits as a takeout candidate remain intact.
E-Trade (ETFC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
In an effort to retain existing customers and add new customers, JPMorgan Chase (JPM) has sweetened the offerings for its Sapphire accounts. Last week, the bank announced that credit card customers who open a new Sapphire bank account will be eligible for a 60,000 point sign-on bonus worth $900. For regular Chase customers who don’t have that kind of savings, they can upgrade to the Sapphire bank account by paying a monthly fee of $25.
Fund companies and brokerage firms have a new pricing model: free! Fidelity Investments kicked off the freebie parade with the launch of two zero-fee index mutual funds in early August. JPMorgan Chase (JPM) and Vanguard Group subsequently announced plans to cut trading commissions to zero for stocks and/or exchange-traded funds, with some restrictions. BlackRock (BLK) is down 12% in the past three months, with much of those losses occurring after Fidelity launched its zero-fee funds.
As anticipated, JPMorgan Chase (JPM) has launched its much-awaited free digital investment platform—You Invest—offering 100 free online trades to all its customers. According to JPMorgan, it will take less than three minutes to open a You Invest online investing account that users can manage from their phones or computers. Users with the You Invest service will get 100 free stock or ETF trades in the first year and will be charged $2.95 per trade if they make more trades.
Ryan McQueeney and Maddy Johnson discuss this week's political drama and highlight JPMorgan's new competitor to free trading app Robinhood. Later, the hosts recap earnings results from Urban Outfitters, Target, and Alibaba.
Toll Brothers and Medtronic climbed on strong quarterly results Tuesday, as stock futures rose, the dollar slipped, and copper and oil prices aimed for a fourth straight advance.
Stocks gained momentum early Tuesday, as the S&P 500 index eyed a record high. Kohl's backed off from a buy point.
Ryan McQueeney recaps the morning's top stock market news, including Nvidia's latest product announcements, headline volatility in the brokerage space, and retail earnings reports. Later, he explains why e-commerce behemoth Amazon is a strong buy stock right now.