This is right on the money. ETFC is way too beat up, and they now have a team with a lot of depth in managing the portfolio and the bank side. The brokerage was always top notch. I am a customer, and became a shareholder because I understand that the bank side is where the upside is for this stock. They have taken high reserves, and missed their Q1 number to take more, the bank is well capitalized and now well run. As they work through the 11 B Heloc portfolio, and liquidity returns to this market, they will be more than positioned for earnings surprised that are on the positive side. This is a $5.50 to 6.50 stock after Q2 earning release. The new team is on the right track, and their platform is the best in the business.
Comparative Price Shopping: Selected Banking, Mortgage and Brokerage Stocks [View article]
Comparative Price Shopping: Selected Banking, Mortgage and Brokerage Stocks [View article]