E TRADE Financial Corporation (NASDAQ:ETFC) stock trading high

Boston, MA, 07/26/2013 (nysepost) - In the recently reported financial results for the second quarter of fiscal year 2013, E TRADE Financial Corporation (NASDAQ:ETFC) had reported net losses. The earnings report had revealed that the company had lost around 19 cents per share for the second quarter, while the analysts were expecting profits at 12 cents per share from the company. Further revenues for the second quarter were reported to be at $440 million, while the analyst estimates were at $421 million and the revenues for the second quarter of fiscal year 2012 were at $452 million. The company had further reported earnings per share at 13 cents for the same quarter of previous year.

With the break of fiscal year 2013, E TRADE Financial Corporation (NASDAQ:ETFC) had earned around 50 percent in the share prices and is presently valued at around 28 times the earnings estimates expected for the full fiscal year of 2013. Analysts’ estimates are observed to be at a consensus of 49 cents earnings per share for the company for this full fiscal year and 60 cents per share for the next year.

The stock of E TRADE Financial Corporation (NASDAQ:ETFC) gained by 1.26% and currently trading at $14.88 per share for the day. The company had reported an intraday low price of $14.32 and intraday high price of $15.01. The 52 week low price of the stock is at $7.08 and 52 week high price of the stock is at $14.75 per share. Presently there are 286.90 million shares in the market and the institutional holding is at 92%. The stock had a trading volume of 4.85 million shares and the average trading volume of the company is at the level of 3.59 million shares per day.

About the Author

Lance Finstein financial reporter NYSE post. Authors have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. This article is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. *NYSE Post does not set price targets on securities. Never invest into a stock discussed on this website unless you can afford to lose your entire investment.