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According to reports from Bloomberg, BMO Capital analyst Michael Vinciquerra said it is "highly unlikely" that E*Trade Financial (Nasdaq: ETFC) will declare bankruptcy, as was suggested by a Citigroup analyst yesterday.

Shares of E*Trade sank 59% yesterday as investors fled after Citigroup downgraded the stock to Sell and said the company could see clients pull their money and there was a 15% chance of bankruptcy. The downgraded followed a disclosure of more mortgage and CDO exposure from the company.


Share price seems to be recovering today, think it will persist?

LC