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Non-Tech : E*Trade (NYSE:ET)
ET 16.56+0.9%Dec 12 9:30 AM EST
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To: Spytrdr who wrote (8921)10/14/1999 4:55:00 PM
From: Tom_  Read Replies (2) of 13953
 
SCH vs EGRP revisited.

Spytrader: <the comparison of total accounts with EGRP should be: SCH: 3.0 MM EGRP: 1.6 MM>
Your definition of the word "total" differs from mine.

Spytrader: <E*Trade's customers are much much more active than Schwab's.>
Your source?
Perhaps more to the point, EGRP customers don't seem to be generating much more commission income than SCH customers:
SCH
$ 384MM commission revenue divided by 6.3MM customers
= $60.95 average commission generated per customer this quarter.
EGRP
$ 99MM commission revenue divided by 1.6MM customers
= $61.88 average commission generated per customer this quarter.
(Commission revenue and customer figures from SCH & EGRP press releases for the quarter.)

Spytrader: <account acquisition is ACCELERATING RAPIDLY at E*Trade>
4Q new accounts 310,000
3Q new accounts 332,000
per Message 10568723

Best wishes,
Tom
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