E*TRADE Financial Corporation (ETFC) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company as the stock is now up 14.55% since Apr 11.
This investment brokerage firm witnessed 5 positive estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved northwards over the same time frame, suggesting that more solid trading could be ahead for E*TRADE Financial. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
E*TRADE Financial Corporation sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is negative.
Investors interested in the sector may also consider stocks like Interactive Brokers Group, Inc. (IBKR), Investment Technology Group Inc. (ITG) and Piper Jaffray Companies (PJC). All these stocks sport a Zacks Rank #1.
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