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Stock Market & Financial Investment News

News Breaks
September 6, 2012
06:08 EDTETFCE-Trade hires Spencer Stuart to help find new CEO, Reuters reports
E-Trade (ETFC) has hired executive search firm Spencer Stuart to help find a new CEO, Reuters reports. The online brokerage ousted CEO Stephen Freiberg four weeks ago and Frank Petrilli has been serving as interim CEO. Reference Link
News For ETFC From The Last 14 Days
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May 15, 2013
10:13 EDTETFCOn The Fly: Analyst Downgrade Summary
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08:21 EDTETFCE-Trade reports April DARTs up 1% from March, down 3% from prior year
E*TRADE Financial reported Daily Average Revenue Trades, or DARTs, for April were 141,255, a 1% increase from March and a 3% decrease from the year-ago period. The company added 33,090 gross new brokerage accounts in April, ending the month with approximately 2.9M brokerage accounts – an increase of 6,534 from March. Total accounts ended the month at approximately 4.5M. Net new brokerage assets were positive $5M in the month. During the month, customer security holdings increased by 2%, or $2.3B, and brokerage-related cash decreased by $0.3B to $34.4B, while customers were net sellers of approximately $20M in securities.
06:06 EDTETFCE-Trade downgraded to Underweight from Equal Weight at Barclays
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