E-Trade Financial fell 50% today. Citi Analyst Prashant Bhatia downgraded the stock to sell. He said that there is a 15% chance that the company my be forced to declare bankruptcy.
There are also worries about a run on the bank. If everybody was so worried about ETrade, they may start pulling out deposits.
http://biz.yahoo.com/ap/071112/apfn_e_trade_out_of_the_gate.html
Monday, November 12, 2007
E-Trade Falls
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