Online Brokerage Etrade reported today that it can absorb a write down of up th 1 billiob dollars. Etrade stock fell to their lowest, since 2003. At the End of the closing day the stock fell to $3.55 amid credit fears stemmed from sub prime loans. Financial stocks have been taking a beating for the third quarter and Etrade is just another stock that taking a beating after it was downgradedby an analyst at Citigroup.
According to CNBC, Citi group Analyst Prashant A. Bhatia cut his rating on the stock, and said that their is a 15 percent chance that the company would file for bankruptcy. Etrade on the other hand is stating that it is able to adapt to shifting market trends.
According to CNBC, Citi group Analyst Prashant A. Bhatia cut his rating on the stock, and said that their is a 15 percent chance that the company would file for bankruptcy. Etrade on the other hand is stating that it is able to adapt to shifting market trends.
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If you've continued to follow this story you might enjoy this video with the chimp from those Super Bowl ads - http://youtube.com/watch?v=6uSL1rilsWg
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