dan clue

Will the Next Banking Crisis Originate in Europe?

Has anyone noticed that Etrade is buying up alot of their shares? They own over 6%. They purchased an additional 1% of the last week.

Will the Next Banking Crisis Originate in Europe?

Look for the worst to be over at Etrade. The only thing thats holding back their shares is the analysts. Etrade went from writing off 1.7 billion in the 4th quarter to losing 90 million in the first quarter. What I find odd was in the 1st quarter Etrade socked away an additional 234 million in cash into their future or potential loan loss fund, increasing this fund to over 700 million so technically it wasn't a loss in the first quarter. The analysts work for companies that has wrote off billions in the 4th quarter and billions in the first quarter, I think they should be using etrade model.