It's true. I found it on a quote from Etrade, but I don't see it on Yahoo yet. What's with the $4 price target? A little low if you ask me.
The problem is not Etrade. The company seems to be coming out of the mess it had got itself into. Our problem is the financial sector in general. I'm not sure if Etrade can recover with the rest of the sector in trouble. A small Q2 profit would sure help, but I may be dreaming.
I'm not sure where the bottom will be. If financials continue to get battered, Etrade is likely to feel more pain as well.
Still holding long term and adding a few here and there.
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