ETrade Financial Corp.

ETFC-Q

NASDAQ:ETFC

46.03
1.10 (2.45%)
E-Trade Financial Corporation is a financial services company headquartered in New York City. It is an online discount stock brokerage firm for self-directed investors.
More at Wikipedia

Analysis and Opinions about ETFC-Q

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 3, 2019
He was in this theme but his process got him out not long after the top. Don’t touch this now. Don't buy this. They have been punished.
He was in this theme but his process got him out not long after the top. Don’t touch this now. Don't buy this. They have been punished.
Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$35.650
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
June 27, 2019
(A Top Pick Jul 18/18, Down 29%) With weakness in stocks late last year and the lowering of interest rates, both have been headwinds for the capital markets and in particular for the discounters. We have to see investor confidence come back.
(A Top Pick Jul 18/18, Down 29%) With weakness in stocks late last year and the lowering of interest rates, both have been headwinds for the capital markets and in particular for the discounters. We have to see investor confidence come back.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$44.990
Owned
No
PAST TOP PICK
PAST TOP PICK
March 6, 2019
(A Top Pick Mar 19/18, Down 13%) He sold it last summer. It was a great story until interest rate hikes slowed last year.
(A Top Pick Mar 19/18, Down 13%) He sold it last summer. It was a great story until interest rate hikes slowed last year.
Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$47.230
Owned
No
PAST TOP PICK
PAST TOP PICK
January 8, 2019
(A Top Pick Jan 11/18, Down 14%) Sold last summer. Nothing wrong with the company. Still loves it fundamentally but poorly timed.
(A Top Pick Jan 11/18, Down 14%) Sold last summer. Nothing wrong with the company. Still loves it fundamentally but poorly timed.
Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$46.350
Owned
No
PAST TOP PICK
PAST TOP PICK
November 12, 2018
(A Top Pick Nov 07/17, Up 20%) He was looking for twice this rise. He stopped recommending it. It has come back a long way. They have to pay higher and higher interest on cash balances in traders' accounts due to their competition doing this and the pressure is a lot of what has caused the pull back. He would hold off on it at this point in the cycle, even if it could get take out.
(A Top Pick Nov 07/17, Up 20%) He was looking for twice this rise. He stopped recommending it. It has come back a long way. They have to pay higher and higher interest on cash balances in traders' accounts due to their competition doing this and the pressure is a lot of what has caused the pull back. He would hold off on it at this point in the cycle, even if it could get take out.
Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$52.030
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 10, 2018

(A Top Pick October 10/17 Up 19%) As interest rates went up, they made great returns on holding investor deposits. For every 1% increase in Central Bank rates, lead to a 9% increase in their earnings. Deposits have now become very competitive once again, which will now lead to a reduction in margins he thinks. He stepped out in the summer.

(A Top Pick October 10/17 Up 19%) As interest rates went up, they made great returns on holding investor deposits. For every 1% increase in Central Bank rates, lead to a 9% increase in their earnings. Deposits have now become very competitive once again, which will now lead to a reduction in margins he thinks. He stepped out in the summer.

Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$50.830
Owned
No
PAST TOP PICK
PAST TOP PICK
September 19, 2018

(Past Top Pick, August 16, 2017, Up 38%) Sold at a good profit. It's well-run. He likes this space, online trading. Expects trading volumes online to increase. This space has consolidated in the past few months. It could be taken out by someone like a Schwab.

(Past Top Pick, August 16, 2017, Up 38%) Sold at a good profit. It's well-run. He likes this space, online trading. Expects trading volumes online to increase. This space has consolidated in the past few months. It could be taken out by someone like a Schwab.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$55.780
Owned
No
COMMENT
COMMENT
September 18, 2018

A questioner noted that the stock had dropped a lot but was now rising on a rumour of a possible buyout. Murray responded that he doesn’t know the company well enough to recommend buying, holding or selling. He noted that discount brokerage market in the US has become very competitive with heavy advertising of low prices, low fees and of interest rates on cash reserves. Their incomes are being squeezed. E*Trade is a good long-term business. As more people retire, they will manage their investments as a hobby. So he would not be afraid of this stock, but he doesn’t know whether the stock is overpriced at this level. If the PE is 15-20x, he thinks it is OK. (Analyst's price target 17.74.)

A questioner noted that the stock had dropped a lot but was now rising on a rumour of a possible buyout. Murray responded that he doesn’t know the company well enough to recommend buying, holding or selling. He noted that discount brokerage market in the US has become very competitive with heavy advertising of low prices, low fees and of interest rates on cash reserves. Their incomes are being squeezed. E*Trade is a good long-term business. As more people retire, they will manage their investments as a hobby. So he would not be afraid of this stock, but he doesn’t know whether the stock is overpriced at this level. If the PE is 15-20x, he thinks it is OK. (Analyst's price target 17.74.)

Bruce Murray
CEO & Chief Investment Officer, The Murray Wealth Group
Price
$53.760
Owned
No
PAST TOP PICK
PAST TOP PICK
August 7, 2018

(A Top Pick August 9, 2017. Up 50%). He thinks this has largely played out. There is now a lot more competition, including head-to-head price competition with Fidelity. Fee compression is unrelenting, putting pressure on the whole industry. The rise in interest rates should help companies like E*Trade because they can earn money from the customer’s cash. However, last quarter, they disappointed, showing decelerating growth. Their growth is still significant, but not as much as it has been. The stock trades at a discount to Schwab and to TD Ameritrade and the main reason to own them at this point is the expectation that if they don’t do better, they’ll sell the company. He stepped away because that’s now what he would hold this company for. Someone who wants to speculate on a takeover could reasonably buy the company now, but he would not.

(A Top Pick August 9, 2017. Up 50%). He thinks this has largely played out. There is now a lot more competition, including head-to-head price competition with Fidelity. Fee compression is unrelenting, putting pressure on the whole industry. The rise in interest rates should help companies like E*Trade because they can earn money from the customer’s cash. However, last quarter, they disappointed, showing decelerating growth. Their growth is still significant, but not as much as it has been. The stock trades at a discount to Schwab and to TD Ameritrade and the main reason to own them at this point is the expectation that if they don’t do better, they’ll sell the company. He stepped away because that’s now what he would hold this company for. Someone who wants to speculate on a takeover could reasonably buy the company now, but he would not.

Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$61.060
Owned
No
TOP PICK
TOP PICK
July 18, 2018

If the market is still bullish and this business benefits from more transactions and rising rates on investor holdings, this will be a winner. (Analysts’ price target is $69.88)

If the market is still bullish and this business benefits from more transactions and rising rates on investor holdings, this will be a winner. (Analysts’ price target is $69.88)

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$63.130
Owned
Yes
PAST TOP PICK
PAST TOP PICK
July 11, 2018

(A Top Pick July 7/17 Up 58%). He thinks now is the time to take profit, because they have benefitted from rising interest rates on investor cash holdings. He now thinks interest rates will start to plateau, so much of the gain has been already made. He would not encourage fresh buying at this time. This could become a take-out target as it trades at a discount to others in the space.

(A Top Pick July 7/17 Up 58%). He thinks now is the time to take profit, because they have benefitted from rising interest rates on investor cash holdings. He now thinks interest rates will start to plateau, so much of the gain has been already made. He would not encourage fresh buying at this time. This could become a take-out target as it trades at a discount to others in the space.

Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$60.940
Owned
Yes
BUY
BUY
June 25, 2018

The chart looks great, moving straight up for more than a year. He's like to see more volume. Buy it.

The chart looks great, moving straight up for more than a year. He's like to see more volume. Buy it.

Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$62.700
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
June 8, 2018

(A Top Pick July 7/17 Up 68%) They will see good returns as interest rates rise, due to large customer cash holdings. If Fed funds go up 25 bps, their earnings increase 9%. They will likely be purchased, but still trades at a 20% discount to Schwab.

(A Top Pick July 7/17 Up 68%) They will see good returns as interest rates rise, due to large customer cash holdings. If Fed funds go up 25 bps, their earnings increase 9%. They will likely be purchased, but still trades at a 20% discount to Schwab.

Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$65.410
Owned
Yes
TOP PICK
TOP PICK
March 19, 2018

Every time the Fed raises rates by 25 basis points, it's 9% accretive to their balance sheet. He's been long on this and continues to love it. (Analysts' target of $63.33)

Every time the Fed raises rates by 25 basis points, it's 9% accretive to their balance sheet. He's been long on this and continues to love it. (Analysts' target of $63.33)

Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$56.490
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 8, 2018

(A Top Pick Feb 8/17, Up 44%) It has good interest rate torque. They get 9% more earnings from every 25 basis points in interest rate hikes. Volumes are nice. The real story is a really rational management. There could be a deal with Ameritrade which would be good for investors.

(A Top Pick Feb 8/17, Up 44%) It has good interest rate torque. They get 9% more earnings from every 25 basis points in interest rate hikes. Volumes are nice. The real story is a really rational management. There could be a deal with Ameritrade which would be good for investors.

Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$48.480
Owned
Yes
Showing 1 to 15 of 37 entries