DALLAS, July 1, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring E*TRADE Financial Corp. (Nasdaq:ETFC). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/ETFC
ETFC is trading below its lower Bollinger Band. Relative to recent price action, the stock is currently overextended to the downside and due for either a pause or retracement.
E*TRADE Financial Corp. (ETFC) is a financial services company that provides online brokerage and related products and services to the individual retail investors under the brand E*TRADE Financial. It also provides investor-focused banking products, sweep deposits and savings products to retail investors. The Company's subsidiaries include E*TRADE Bank, which is a federally chartered savings bank that provides investor-focused banking products to retail customers nationwide and deposit accounts insured by the Federal Deposit Insurance Corp. (FDIC); E*TRADE Capital Markets LLC, which is a registered broker-dealer and market-maker; E*TRADE Clearing LLC, which is the clearing firm for the brokerage subsidiaries and is a wholly owned operating subsidiary of E*TRADE Bank; and E*TRADE Securities LLC, which is a registered broker dealer. The Company operates in two business segments: Trading and Investing, and Balance Sheet Management.
Message Board Search for ETFC: http://www.boardcentral.com/boards/ETFC
In the report, the analyst notes:
"ETFC announced results for its first quarter ended March 31, 2010, reporting a net loss of $48 million, or $0.02 per share, compared with a net loss of $67 million, or $0.04 per share, in the prior quarter and a net loss of $233 million, or $0.41 per share, a year ago. The Company reported total net revenue of $537 million for the first quarter, compared with $523 million in the prior quarter and $497 million in the year ago period.
"A bright spot was that ETFC's recovering loan portfolio saw continued improvement. Total special mention delinquencies (those loans 30 to 89 days delinquent) fell by 12% during April and May, while total "at risk" delinquencies (those loans 30 to 179 days delinquent) fell by 10% during the same period, ETFC said."
To read the entire report visit: http://www.microstockprofit.com/lp/ETFC
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