UPDATE: ISI Group Upgrades E*TRADE Financial to Neutral on 1Q EPS

In a report published Friday, ISI Group analyst Brian Bedell upgraded the rating on E*TRADE Financial Corporation (NASDAQ: ETFC ) from Cautious to Neutral, and reiterated the $10.00 price target. In the report, Bedell noted, “ETFC's 1Q EPS of $0.12 met our estimate and Consensus: Overall, the results were encouraging