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Highest P/E Ratio in the Investment Banking & Brokerage Industry Detected in Shares of Investment Technology Group (ITG, EVR, GHL, ETFC, BGCP)
[February 12, 2013]

Highest P/E Ratio in the Investment Banking & Brokerage Industry Detected in Shares of Investment Technology Group (ITG, EVR, GHL, ETFC, BGCP)

Feb 12, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Investment Banking & Brokerage industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Investment Technology Group ranks highest with a a P/E ratio of 51.64. Evercore Partners is next with a a P/E ratio of 43.76. Greenhill ranks third highest with a a P/E ratio of 43.06.

E*Trade Financial follows with a a P/E ratio of 38.14, and BGC Partners rounds out the top five with a a P/E ratio of 30.57.

SmarTrend recommended that subscribers consider buying shares of E*Trade Financial on December 31st, 2012 as our technology indicated a new Uptrend was in progress when shares hit $8.82. Since that recommendation, shares of E*Trade Financial have risen 24.9%. We continue to monitor E*Trade Financial for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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