Shares of E*Trade Financial Corp

Shares of E*Trade Financial Corp. lost more than half their value Monday, plunging as the company faces more subprime-related write-downs and as analysts at Citigroup suggest a possible bankruptcy for the online broker. Bhatia also said E*Trade could realize losses of over $5 billion if it tries to liquidate its loan and asset-backed securities portfolio as a result of losing its funding sources. He cut his price target to $7.50 from $13, while Banc of America analyst Michael Hecht reduced his target by $1.50 to $10.50, citing diminished earnings visibility. Hecht maintained his 'neutral' rating on the stock.

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