E*TRADE Financial Corporation (NASDAQ: ETFC) is down on profit taking into a soft tape this morning. The online broker lost -$0.02 EPS vs -$0.03 estimates from Thomson Reuters; total customer assets rose; net operating interest income flat; loan loss provisions fell $24 million. Shares are trading down only about 0.5% at $1.81 on 700,000 shares as of 8:49 AM EST. This one had been up initially after the report but the soft tape and profit taking had this one down almost 2% earlier this morning. With an average volume of more than 39 million shares and some days with 100 million shares traded, this “volume spike†should maybe be considered a “volume whimper.â€
JON OGG
