E*Trade's (ETFC) Value Should Increase Over Time - Nomura

E*TRADE (Nasdaq: ETFC) continues to focus on improving its capital ratios and capital flexibility through a combination of de-risking and de-leveraging, notes a report today by Nomura.

“There is no question the online brokers face earnings headwinds via sluggish trading and low interest rates, but E*TRADE has some levers it can pull to offset some of the earnings pressure and improve the risk profile of the company,” said analyst Keith Murray.

“As the legacy issues continue to get cleaned up, we think E*TRADE’s core brokerage business is performing well and its value should increase over time.”

Nomura has a Buy rating and $10.50 price target on E*TRADE.

For an analyst ratings summary and ratings history on E*TRADE click here. For more ratings news on E*TRADE click here.

Shares of E*TRADE closed at $9.22 yesterday.

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