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Fly News Breaks for July 22, 2016
ETFC
Jul 22, 2016 | 07:37 EDT
Goldman analyst Conor Fitzgerald downgraded E-Trade to Neutral following the positive Q2 report saying the company's decision to grow above the $50B asset threshold increases regulatory risks over capital returns while only modestly provide earnings accretion. Fitzgerald views E-Trade's valuation as uncompelling and maintained his $26 price target on shares.
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