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| Author | Topic: E*Trade (ET) |
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hecubus |
posted 04-20-2000 04:46 PM
 
I don't think you need to give him credit for suggesting long-term goals--it is a good message, but definitely in his company's best interests. True, the short term trading would help profits, but if short-term traders would bail out of the market and close their accounts instead of continuing to trade in a wildly unpredictable market, then E*Trade is up the creek. This is a bet-hedging move in case a long term bear market asserts itself--E*Trade's ranks have swelled with new investors and they need them to stay in the markets. Apparently Schwab did a similar thing. That comment about the Dow, well, I thought it was pretty strange, so you're probably correct. |
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lockin |
posted 04-20-2000 03:59 PM
Mildly amusing. But he's dead wrong about this: "Want a really, really long-term view? Try this: although the Dow Jones Industrial Average has done nicely over the last 70 years, the venerable blue chip index didn't gain a point for roughly 50 of those years. That's a half century of doing nothing." Also, he tries to poke fun at the note for encouraging investors to think long term and to not time the market, but E*Trade deserves credit for saying this... after all, frequent short term trading would result in higher profits for the brokerage. |
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hecubus |
posted 04-20-2000 02:31 PM
Hey, I found this article and I thought it was pretty humorous. Apparently E*Trade sent out an email to all of its customers about volatility and this columnist sort of "reads between the lines" of the email. Not too serious, but I was chuckling. http://www.zdii.com/industry_list.asp?mode=news&doc_id=ZE503936&pic=Y |
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InvestorGuide Daily Administrator |
posted 04-18-2000 07:45 PM
E*Trade (EGRP) took aim at the increasing number of wireless users, signing a deal with newly formed Verizon to provide E*Trade customers with easy access to transaction capabilities, account services and real-time financial information using Verizon Wireless' coast-to-coast footprint. (source: Cnet) http://news.cnet.com/news/0-1007-200-1713343.html |
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InvestorGuide Weekly Administrator |
posted 04-17-2000 11:44 AM
ETrade's quarterly earnings and revenue numbers far exceeded analyst expectations. (source: Ecommerce Times) http://www.ecommercetimes.com/news/viewpoint2000/view-000413-1.shtml |
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Earnings Administrator |
posted 04-12-2000 06:47 PM
E*TRADE Group (EGRP): $0.00 reported, -$0.16 expected, -$0.06 same q last year. |
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fanatic |
posted 04-12-2000 04:52 PM
All in all, I'm impressed with E*Trade's numbers. They've grown revenues by 152% and accounts by 169% in 12 months. Granted, they were helped by the general uptrend in tech stocks and by the increased volatility, so I wouldn't expect similar growth rates in the coming year, but they don't seem to be feeling any pain from intensifying competition, at least not yet. |
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newsman |
posted 04-12-2000 02:51 PM
E*Trade Group said Wednesday it handily topped First Call consensus estimates and reached break-even on an operating basis. First Call expected a loss of 16 cents a share. The company's total net loss as reported for the second quarter of fiscal 2000 was $23.2 million, or 8 cents a share. For its ongoing operations, E*Trade reported a net profit of $1.3 million, or a break-even amount per share, as compared to a net loss of $13.3 million, or 5 cents a share a year earlier, and a net loss of $34.9 million or 12 cents a share in the previous quarter. For the quarter ended March 31, net revenue grew to $407 million, up 152 percent from the same period a year ago, and up 52 percent from the first quarter of fiscal 2000. The company said it attracted 603,000 net new accounts, bringing its total to 2.6 million, compared to 967,000 a year ago. Average transactions per day increased to 229,000, up 226 percent from 70,000 a year ago, and up 73 percent from 133,000 in the first fiscal quarter of 2000. Charges recognized outside ongoing operations, which brought loss to 8 cents a share, included expenses for merger related activity and amortization of goodwill of $21.8 million after tax, or 7 cents a share. E*Trade said it plans to periodically liquidate portions of its strategic investment portfolio and realized an after-tax gain in the current quarter of $7.8 million or 3 cents a share. The company also recorded a loss of $10.5 million or 4 cents a share, after tax, on its participation in venture funds. |
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InvestorGuide Weekly Administrator |
posted 04-10-2000 01:25 PM
Business Week looks at why E*Trade might be a good play in this volatile market. http://www.businessweek.com/bwdaily/dnflash/apr2000/nf00404g.htm With all the market craziness, would you like to stash your online trading cash somewhere a little safer? Well, now you don't even need to leave E*Trade. |
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humanity |
posted 03-20-2000 05:18 PM
Lee R, what about a savings account? A checking account? A money market account? A safety-deposit box? A mortgage/loans service? Seems to me there a number of uses for a bank account these days besides just an ATM machine. In fact, the people who can't program their VCRs are the same people who still have never used an ATM card. |
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Lee R |
posted 03-20-2000 04:16 PM
This is big. Online brokers pay much better rates on checking account balances than banks do. The only reason to have a bank account is for ATM use, but with this move E*Trade could make banking completely unnecessary. |
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InvestorGuide Daily Administrator |
posted 03-14-2000 06:51 PM
E*Trade will buy Card Capture Services and its 8,500 automated teller machines. The acquisition would give the online financial-services company one of the largest networks of ATMs in the United States and propell it into mainstream banking. (source: CNNfn) http://www.cnnfn.com/2000/03/14/deals/etrade |
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newinvestor |
posted 02-29-2000 12:54 PM
It seems a bit strange that one of the biggest clicks only broker would open an offline store. They aren't doing it to gain new accounts, not directly at least. The store is mainly going to be a marketing tool, and it'll be located in a upscale section of Madison Avenue in New York. Not a bad strategy in my opinion. There will certainly be a lot of hoopla along with the opening. It just might be worth the high costs the store will surely bring with it. |
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InvestorGuide Weekly Administrator |
posted 02-21-2000 10:39 AM
E-Trade is planning to open a walk-in office, its first, on Madison Avenue in Manhattan toward the end of the year, according to this article. http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2000/02/15/BU48236.DTL |
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mojo |
posted 02-09-2000 11:12 AM
> E-Trade called Korea: "the world's second-biggest Web stock trading market after the United States" Do they have any stats to back that up? I would've thought Korea would be about #10, behind Japan, U.K., France, Germany, etc. |
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