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Sunday 31 January 2016
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Pre- Market News Review: E*TRADE Financial (NASDAQ:ETFC), ConAgra Foods (NYSE:CAG), CIGNA (NYSE:CI), CenterPoint Energy, (NYSE:CNP)

Pre- Market News Review: E*TRADE Financial (NASDAQ:ETFC), ConAgra Foods (NYSE:CAG), CIGNA (NYSE:CI), CenterPoint Energy, (NYSE:CNP)

On Tuesday, E*TRADE Financial Corp (NASDAQ:ETFC)’s shares declined -0.99% to $29.04.

E*TRADE Financial Corp (ETFC) stated a fall in its Daily Average Revenue Trades (DARTs) for May 2015. According to the monthly market activity report for May, E*TRADE’s DARTs totaled 151,444, down 4% from the prior month and up 3% on a year-over-year basis.

Broker performance is generally measured through DARTs that represent the number of trades from which brokers can expect commissions or fees. The fall in DARTs largely reflects investors’ unwillingness to invest in equity markets.

At the end of the month under review, E*TRADE had about 4.8 million accounts – 3.2 million brokerage accounts, 1.3 million stock plan accounts and 0.3 million banking accounts.

For the stated month, E*TRADE’s total brokerage accounts comprised of 27,865 gross new brokerage accounts. Moreover, the company’s net new brokerage assets totaled $1.0 billion contrast with negative $0.4 billion recorded in the prior month. Total brokerage accounts reflect the company’s ability to attract and retain customers who trade and invest.

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name. It operates through two segments, Trading and Investing, and Balance Sheet Administration.

ConAgra Foods Inc (NYSE:CAG)’s shares gained 1.90% to $45.47.

E*TRADE Financial Corporation (ETFC) declared results from the most recent wave of StreetWise, E*TRADE’s quarterly tracking study of practiced investors. Results show that investors worry more frequently about saving for retirement than they do about their personal relationship issues, potential job loss, or physical injury. Yet, at the same time, they admit that short-term expenses hinder their long-term savings efforts, not the least of which comprises emotional spending.

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name. It operates through two segments, Trading and Investing, and Balance Sheet Administration. The Trading and Investing segment offers retail brokerage products and services, investor-focused banking products, and corporate services. The Balance Sheet Administration segment manages asset allocation; loans formerly originated by the company or purchased from third parties; deposits and customer payables; and credit, liquidity, and interest rate risk.

At the end of Tuesday’s trade, CIGNA Corporation (NYSE:CI)‘s shares dipped -3.50% to $154.46.

Cigna Corporation (CI) and Florida Cancer Specialists & Research Institute (FCS) have established a program that aims to improve care for people receiving chemotherapy to treat any type of cancer.

The program is part of Cigna Collaborative Care, a value-based model that uses incentives to engage health care professionals and assists drive improved health, affordability and patient experience. Cigna Collaborative Care initially focused on large primary care physician groups and has expanded to comprise hospitals, small primary care practices and specialists, counting oncologists.

The arrangement supports Florida Cancer Specialists’ commitment to follow evidence-based medicine guidelines for cancer care. In addition, Florida Cancer Specialists will expand access to daily acute care with same day appointment availability, after-hours access and after-hours clinical advice, counting 24/7 access to clinical triage staff.

Cigna Corporation, a health services organization, provides insurance and related products and services in the United States and internationally. The company’s Commercial segment offers insured and self-insured customers medical, dental, behavioral health, and vision, in addition to prescription drug benefit plans, health advocacy programs, and other products and services. Its Government segment offers Medicare Advantage plans to seniors in 16 states and the District of Columbia, Medicare Part D plans in 50 states and the District of Columbia, and Medicaid plans.

CenterPoint Energy, Inc. (NYSE:CNP), ended its Tuesday’s trading session with 1.98% gain, and closed at $19.60.

CenterPoint Energy, Inc. (CNP) declares the following webcast —

Date: August 10, 2015

Time: 11:30 AM ET

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company’s Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies. As of December 31, 2014, this segment owned 28,282 pole miles of overhead distribution lines and 3,719 circuit miles of overhead transmission lines; 22,435 circuit miles of underground distribution lines and 26 circuit miles of underground transmission lines; and 236 substations with a capacity of 57,477 megavolt amperes.

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