Goldman Sachs increased their EPS estimate on E*TRADE (NASDAQ:ETFC), citing trends moving in their favor.
The fourth quarter EPS by E*TRADE wasn't much, but other elements such as activity rates, margin debt and growth in their balance sheet were more impressive.
They raised their 2011 EPS from $0.50 to $55 and 2012 from $1.10 to $1.15 and introduced their 2013 estimate for E*TRADE at $1.50.
Goldman maintains a "Neutral" rating on E*TRADE at this time, which closed Thursday at $16.74, gaining $0.95, or 6.02 percent.
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