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Stock Market & Financial Investment News

News Breaks
March 8, 2013
08:09 EDTETFCE-Trade to name Rodger A. Lawson chairman of the board of directors
E*TRADE Financial Corporation announced that its Board of Directors intends to appoint Rodger A. Lawson as Chairman to replace Frank J. Petrilli immediately following the 2013 Annual Meeting of Stockholders, subject to the re-election of Mr. Lawson at the Annual Meeting. Mr. Petrilli, who has served as Chairman since January 2012 and also as Interim CEO of the Company from August 2012 through January 2013, advised the Board that he does not wish to stand for re-election. Mr. Petrilli will remain a director until the Annual Meeting of Stockholders, scheduled for May 9, 2013.
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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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