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Fly News Breaks for July 8, 2015
ETFC
Jul 8, 2015 | 08:25 EDT
RBC Capital believes that the recent decline in E-Trade's stock on concerns about interest rates in the U.S. remaining low is overdone. The firm thinks the weakness should provide an attractive entry point in the stock. RBC is upbeat on the company's decision to fund E*TRADE Clearing with a mix of excess capital and third party liquidity. It keeps an Outperform rating on the shares.
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