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Latest ETFC News From Around the Web
Below are the latest news stories about E Trade Financial Corp that investors may wish to consider to help them evaluate ETFC as an investment opportunity.
Summary List Placement Despite this year's decline in total ad spending in the US, the financial services industry will increase its digital ad outlays. The pandemic has prompted many consumers to reassess their personal finances and change how they bank, leading the industry to continue spending on digital ads. We expect digital ad spending in the US financial services industry will increase 9.7% in 2020, to reach $19.62 billion. Consumer banks have closed a significant number of branches, temporarily or even permanently, because of the pandemic. Without a physical location to visit, many consumers have shifted to online banking. According to an April 2020 William Mills Agency survey conducted by The Harris Poll, 73% of US adults said they were more likely to use digital banking and di...
ARLINGTON, Va.--(BUSINESS WIRE)--E*TRADE Financial Corporation (NASDAQ: ETFC) today announced results from the most recent wave of StreetWise, the E*TRADE quarterly tracking study of experienced investors. Results show trading trends among Gen Z and Millennial investors during the COVID-19 crisis: Risk tolerance skyrockets since the pandemic. Over half (51%) of Gen Z and Millennial investors say their risk tolerance has increased since the coronavirus outbreak, 23 percentage points higher than
Morgan Stanley's top boss has reportedly had more private calls with the US markets regulator chief than any other Wall Street bank
Morgan Stanley's chief executive James Gorman has had more conversations with the Securities and Exchange Commission's chairman than any other Wall Street bank, according to the Financial Times. The two have had at least ten formal conversations in the last three years, including nine calls and one meeting. Most of those calls were scheduled ahead of important announcements to be made by Morgan Stanley. "If there's a CEO calling every one of the regulators every quarter, I'm not saying there's anything wrong with that, but it would be the exception, rather than the rule," a former bank CEO told the FT. Visit Business Insider's homepage for more stories . Morgan Stanley CEO James Gorman has had more calls with the SEC chairman than the head of any other major Wall Street bank, according ...
Tesla (TSLA) has been one of the market's biggest winners so far this year. While shares have pulled back about 20% from their all-time high, current investors are certainly happy with the stock's longer term trajectory. With less than five months left in 2020, the company and its shares have...
ARLINGTON, Va.--(BUSINESS WIRE)--E*TRADE Financial Corporation (NASDAQ:ETFC) today released the data from its monthly sector rotation study, based on the E*TRADE customer net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors. About E*TRADE Financial and Important Notices E*TRADE Financial and its subsidiaries provide financial services including brokerage and banking products and services to retail customers. Securities products and services are offered by E*TRADE Se
Dow slips Friday, Nasdaq logs back-to-back declines amid rising China-U.S. tensions and languishing fiscal stimulus
U.S. stocks closed lower Friday with the technology-laden Nasdaq Composite notching its first back-to-back decline since mid-May as investors turn their attention to a flare-up in Sino-American animosities while Republican senators leave Washington for the weekend without obvious progress on another fiscal stimulus bill.
In the immediate aftermath of the novel coronavirus' first assault, most investors scrambled for cover, resulting in sharp, extreme volatility. Sentiment bounced back quickly, though, in part due to strong government leadership. But with political divisiveness now the order of the day along with a rise in coronavirus cases, the case for hot stocks to buy appears in danger.While I'm not going to dismiss the risks associated with investing at this juncture, many publicly traded companies fundamentally offer compelling exposure. Yes, it's true that the pandemic has busted many business models, such as buffet-style restaurants. At the same time, it has also opened opportunities for suddenly relevant entities, attracting attention as potential hot stocks to buy.Beyond the obvious...
E*TRADE (ETFC) Q2 results display a rise in non-interest income, benefit provision and improved DARTs, partly muted by a fall in net interest income and higher expenses.
U.S. stock futures fell in response to continuing tensions between Washington and Beijing, as well as increasing coronavirus cases in the U.S. Following the Trump administration’s order earlier this week that China to close its consulate in Houston, China retaliated Friday by ordering the closure of the U.S. consulate in Chengdu. On Thursday, President Donald Trump told reporters that the phase one trade deal with China “means less to me now than it did when I made it.”
E*TRADE Financial (ETFC): Q2 GAAP EPS of $0.88 beats by $0.11.Revenue of $716M (+4.5% Y/Y) beats by $39.01M.Net interest margin 2.56% vs. 2.50% consensus, 2.82% in Q1. DARTS 1.01M vs. 985.6K consensus, 652K in Q1Shares +0.4%.Press Release...