E-Trade Rockets Higher On Regulatory News

The broad market may be wobbly but E*Trade Financial (ETFC) is surging higher in reaction to a regulatory milestone that will open the door to $430 million to be paid to shareholders. In early trading, the stock surged 8.7% to $24.63. E*Trade is moving its income-generating broker-dealer business out from underneath E*Trade Bank. During the [...]