Credit Suisse analyst Christian Bolu reinstated E-Trade with an Outperform and a $33 price target. The analyst evaluated strategic options for the company and concluded shareholder value is best served by driving growth through the right strategic acquisitions and not a sale of the company. Bolu said E-Trade lacks a robust strategic rationale for TD Ameritrade or Charles Schwab to takeout the company and combined with significant revenue dis-synergies means little or no premium to current prices. Bolu raised his 2018 earnings estimate to $1.90 from $1.80 to account for the OptionsHouse acquisition