prescient11

S&P Upgrades E*Trade Despite Struggling Financial Sector Peers

JBMaria will hate this, and that makes me smile.

First upgrade for Etrade in a year, let's get this party started. Pay attention to the wording of the upgrade, management has taken their medicine and now they are moving forward. If only all the other banks would do the same.

By the way - they are way off on their price target and loss estimates. 46 cents this year? We took 20 cents in the 1Q.
By the 3Q we will be profitable again, in my humble opinion.