http://youtu.be/Hh8hS8uSoJs E*Trade Baby Commercial via You Tube E*Trade stock closed $7.99 a share on January 26, 2012, and the only way is up after that January 26th close. E*Trade closed on Wednesday, March 14 at $10.40 a share or 30% higher than 48 days earlier. The rise in stock price does follow a rocky end of the 2011 for the online brokerage firm. E*Trade made an announcement to stay the course as an independent entity, and this announcement did not make many investors happy as the stock tanked to close at $7.49 on December 19, 2011. The matchmakers on Wall Street has embraced a definite acquisition of E*Trade, and the hopes of a marriage made in financial acquisition heaven seem to have rekindled with the recent jump in E*Trade stock as fundamentals are not supporting the recent moves in price... E*Trade (NASDAQ: ETFC) 10.40 +0.35 (3.48%) After Hours: 10.39 -0.01 (-0.08%) Mar 14, 4:30PM EDT NASDAQ real-time data - Disclaimer Currency in … [Read more...]
E*Trade buyout rumors?
More buyout rumors on E*Trade? The stock is up 1.20% in today's trading, and the chatter box is buzzing about E*Trade. More on E*Trade on the Examiner.com after 3pm today... Google Finance E*Trade (Nasdaq:ETFC) 10.17 +0.12 (1.20%) Real-time: 11:06AM EDT NASDAQ real-time data - Disclaimer Currency in USD Range 10.06 - 10.31 52 week 7.42 - 16.83 Open 10.15 Vol / Avg. 3.46M/5.89M Mkt cap 2.91B P/E 18.83 Related articles After Taleo, Looking at Other Cloud M&A 'Hopefuls' (SKYY, TLEO, ORCL, EQIX, AKAM, RAX, TDC, NTAP, CRM) (247wallst.com) Corrections: Cypress rallies on buyout bid (marketwatch.com) NASDAQ Stock Alert: Great Wolf Resorts (NASDAQ:WOLF) Soars on Acquisition News (press-releases-news.com) Report: Mazda looking to shrink U.S. workforce by offering buyouts, layoffs possible (autoblog.com) Hawks co-owner Levenson dispels Smith trade rumors (seattletimes.nwsource.com) … [Read more...]
JP Morgan is Tuesday’s winner of Fed’s stress test
JP Morgan Chase (NYSE: JPM) made the last hour of trading even hotter with the bank's dividend and buyback announcement. The Federal Reserve gave the US largest bank by assets the blessing to raise the dividend on the bank's stock by a nickel to 30 cents a share and allowing a plan buyback of $15 billion of its stock. This announcement was just before the Federal Reserve Bank's Stress Test release by the Federal Reserve Bank on 19 banking institutions, and the performance results were made public after the 4pm market close. The blessing by Federal Reserve was more good news for the markets as the Dow surged 218 points, and the NASDAQ closed above 3000. JP Morgan did lead the industry in announcing the increase on dividends paid to its shareholders.JP Morgan Chase was up 7% to 43.39 at close of business today.... However, many banks and financials were a benefactor on JP Morgan’s announcement late Tuesday. The following DC banking/financial institutions did see significant gains in … [Read more...]
