E TRADE Financial Corp (ETFC)

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S&P UPGRADES SHARES OF ETRADE FINANCIAL TO HOLD FROM SELL
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RELATED QUOTES

2:42 PM ET 6/11/08
Symbol Last % Chg
ETFC
3.52 -3.30%
Real time quote.

SNPMarketScopeResearchNotes2008-06-11 14:22:43.000ETFCE TRADE FINANCIALM.AlbrechtS&P UPGRADES SHARES OF ETRADE FINANCIAL TO HOLD FROM SELLWe think management has been straightforward in their disclosure of exposures to troubled mortgage securities and has made strides to reduce this exposure. It has also been able to attract customers and post strong trading volume despite balance sheet issues. We expect loan loss provisions and valuation adjustments will continue to weigh on results, but we think ETFC has acted in a timely manner and should be able to sustain its business. We are raising our target price by $0.50 to $4.00, a discount to its book value, but keep our '08 estimate at a loss of $0.49.|US;ETFC|38358|102283
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