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Fly News Breaks for January 22, 2016
ETFC
Jan 22, 2016 | 08:23 EDT
Although E-Trade's Q4 EPS was technically in-line with expectations, the company had 2c of non-recurring expenses and its taxes rose by 3c per share, making the quarter better than expected, according to JMP Securities. The firm expects the company to benefit form higher interest rate expectations and potentially from incremental capital deployment, including acquisitions and reserve releases. JMP continues to believe that the stock's fundamentals are compelling, and it reiterates a $34 price target and Outperform rating on the shares.
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