Rochester,NY 7/11/2009 3:47:54 AM
End of Day Report - ETFC - This Just In: Upgrades and Downgrades - Sourced WhisperFromWallStreet.com
E*TRADE Financial Corporation
End of Day Report - ETFC - This Just In: Upgrades and Downgrades - Sourced WhisperFromWallStreet.com
E*TRADE Financial Corporation,ETFC
At The Motley Fool, we poke plenty of fun at Wall Street analysts and their endless cycle of upgrades, downgrades, and "initiating coverage at neutral." So you might think we'd be the last people to give virtual ink to such "news." And we would be -- if that were all we were doing.
But in "This Just In," we don't simply tell you what the analysts said. We'll also show you whether they know what they're talking about. To help, we've enlisted Motley Fool CAPS, our tool for rating stocks and analysts alike. With CAPS, we track the long-term performance of Wall Street's best and brightest -- and its worst and sorriest, too.
And speaking of the best ...
Like the teens experiencing their first high-school crush, there's nothing so cute as bankers in love -- the latest instance of which was published in the "Commitments" section of yesterday's edition of Briefing.com. It's there we find megabanker Banc of America Securities plighting its eternal troth to Goldman Sachs (NYSE: GS), and upgrading the shares from "date" to "marry" ... er, "neutral" to "buy" that is.
But investors may wonder -- just how good a judge of character is this banker? Turning to the Fool's own version of Match.com for the answer, we see that while B of A has gone out on a few bad dates from time to time.
Last Trade: 1.19
Day's Range: 1.18 - 1.23
52wk Range: 0.59 - 4.05
Volume: 14,902,148
ABOUT E*TRADE Financial Corporation
E*TRADE Financial Corporation, through its subsidiaries, provides online brokerage and related products and services primarily to individual retail investors, under the brand name of E*TRADE Financial worldwide. It offers various brokerage products and services, including automated order placement and execution of the U.S. and international equities, currencies, futures, options, exchange-traded funds, mutual funds, and bonds. The company also provides quick transfer, wireless account access, extended hours trading, quotes, research, and advanced planning tools. Its banking products and services include checking, savings, sweep, money market, and certificates of deposit products. E*TRADE Financial primarily provides its services through its Web site at etrade.com, as well as through its network of customer service representatives, relationship managers, and investment advisors. The company was founded in 1982 and is based in New York, New York.
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