E*trade and These Financial Stocks Attract Investors and Traders Ahead of Earnings

E*TRADE Financial Corporation (NASDAQ:ETFC) will unveil its latest earnings on Wednesday, January 25, 2012. The average estimate of analysts is for profit of 20 cents per share, a swing from a loss of 11 cents in the year earlier quarter. During the past three months, the average estimate has moved up from 15 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 20 cents during the last month. For the year, analysts are projecting net income of 69 cents per share, a swing from net loss of 13 cents last year.

The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported profit of 24 cents per share versus a mean estimate of 19 cents. Two quarters ago, it reported net income of 16 cents per share. On average, analysts predict $488.9 million in revenue this quarter, a rise of 50.8% from the year ago quarter. Analysts are forecasting total revenue of $2.05 billion for the year, a rise of 57.7% from last year’s revenue of $1.3 billion.

Competitors to Watch: TD Ameritrade Holding Corp. (NASDAQ:AMTD), The Charles Schwab Corp. (NYSE:SCHW), optionsXpress Hldgs., Inc. (NASDAQ:OXPS), Interactive Brokers Group, Inc. (NASDAQ:IBKR), Morgan Stanley (NYSE:MS), FXCM Inc (NYSE:FXCM), Gain Capital Holdings Inc (NYSE:GCAP), TradeStation Group, Inc. (NASDAQ:TRAD), SWS Group, Inc. (NYSE:SWS), and Raymond James Financial, Inc. (NYSE:RJF).

Hudson City Bancorp, Inc. (NASDAQ:HCBK) will unveil its latest earnings on Wednesday, January 25, 2012. The average estimate of analysts is for net loss of 74 cents per share, a swing from profit of 25 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 18 cents. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 67 cents during the last month. Analysts are projecting a loss of $1.51 per share versus net income of $1.09 last year.

The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of 17 cents per share versus a mean estimate of net income of 18 cents per share. In the second quarter, the company beat estimates by one cent. Analysts are projecting a decline of 9.2% in revenue from the year-earlier quarter to $228.6 million.

Competitors to Watch: New York Community Bancorp, Inc. (NYSE:NYB), Kearny Financial Corp. (NASDAQ:KRNY), OceanFirst Financial Corp. (NASDAQ:OCFC), Ocean Shore Holding Co. (NASDAQ:OSHC), Northwest Bancshares, Inc. (NASDAQ:NWBI), Provident New York Bancorp (NASDAQ:PBNY), Oritani Financial Corp. (NASDAQ:ORIT), Magyar Bancorp, Inc. (NASDAQ:MGYR), and Roma Financial Corporation (NASDAQ:ROMA).

Popular, Inc. (NASDAQ:BPOP) will unveil its latest earnings on Wednesday, January 25, 2012. The average estimate of analysts is for net income of 4 cents per share, a swing from a loss of 22 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 6 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 5 cents during the last month. For the year, analysts are projecting profit of 20 cents per share, a swing from net loss of 54 cents last year.

The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported net income of 3 cents per share versus a mean estimate of profit of 6 cents per share. In the second quarter, the company beat estimates by 2 cents. Analysts are projecting a rise of 2.3% in revenue from the year-earlier quarter to $470.8 million.

Competitors to Watch: Doral Financial Corp. (NYSE:DRL), Oriental Financial Group Inc. (NYSE:OFG), First BanCorp. (NYSE:FBP), Eurobancshares Inc. (EUBK), W Holding Company, Inc. (WHI), Bank of America Corp. (NYSE:BAC), SunTrust Banks, Inc. (NYSE:STI), Wells Fargo & Company (NYSE:WFC), and The Bank of Nova Scotia (NYSE:BNS).