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Fly News Breaks for October 19, 2018
ETFC
Oct 19, 2018 | 08:24 EDT
Wells Fargo analyst Christopher Harris believes E-Trade's combination of better than expected Q3 results, significant capital actions, and guidance toward a path to "much higher" EPS, along with the recent weakness in the shares, should be enough to overcome any lingering disappointments about the lack of M&A. The company's target for mid-teens EPS growth over the next five years in conjunction with higher profitability are much better than consensus expectations, said Harris, who keeps an Outperform rating on E-Trade shares.
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