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Fly News Breaks for November 7, 2016
ETFC
Nov 7, 2016 | 08:20 EDT
Wells Fargo says "there is some confusion" about E-Trade's operating margin and bank balance sheet guidance, due to their "complexity." The firm thinks that E-Trade's results will surpass its guidance on both items. It expects the company's operating margin to rise by two percentage points next year, and it predicts that the company's EPS will increase at a 14% compound annual growth rate through 2018. Wells keeps an Outperform rating on the shares.
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