E*TRADE Up 4.5% On Revenue Growth (ETFC)

Shares of New York, New York-based E*TRADE Financial Corporation ETFC are trading up 4.5% at $16.50 per share during the Thursday afternoon trading session. The day's trading range for shares of E*TRADE Financial Corporation has been between $15.86 and $16.85 per share. Analysts covering the company's stock give it a consensus price target of $16.95 per share. Volume of 5.3 million shares is is already more than double the daily average volume of 2.6 million shares. E*TRADE Financial Corporation (ETFC) released financial results after the market closed on Wednesday that missed consensus Wall Street expectations but surpassed revenue estimates. E*TRADE Financial Corporation announced a 4th quarter loss per share of 11 cents, on revenue of $517.95 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 4 cents per share, on revenue of $321.77 million. CEO Steven Freiberg said, “Our fourth quarter operating results were strong notwithstanding several expenses that we do not expect to incur in future periods as well as an increased investment in advertising." The E*TRADE Financial family of companies provides financial services including online brokerage and related banking products and services to retail investors. Read more from Benzinga's Company news.