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Compiling comments that experts make about stocks while on public TV.

2017-10-10

Opinion for ETrade Financial Corp. (ETFC-Q)

Signal Price Bias Subject Owned
TOP PICK $43.990 OPTIMISTIC US EQUITIES Yes

Everyone thinks this is all trading commissions, but it is actually a fantastic rate play. Management has been very clear that they are guiding for a 270-basis point on net interest margins as a lender. On every 25-basis point hike, they are capturing 75%-85% of that, and are able to flow that right through. As a backup plan, volumes are going higher. (Analysts’ price target is $48.)

Cameron Hurst
Chief Investment Officer, Equium Capital Management

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