E*TRADE Study Reveals Retail Bulls Are Back

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Piper Jaffray Raises Price Target on E*TRADE Financial (ETFC) as Tax Items Drive 1Q Upside

April 22, 2016 9:40 AM EDT

Piper Jaffray reiterated a Neutral rating on E*TRADE Financial (NASDAQ: ETFC), and raised the price target to $33.00 (from $32.00), following a 1Q earnings review. ETFC reported net income of $0.53, $0.20 above Piper Jaffray's Street-like estimate. During the quarter management deployed $301M of capital to repurchase 13.1M shares as well as... More