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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: let who wrote (8866)10/14/1999 4:02:00 PM
From: Tom_  Read Replies (2) of 13953
 
E*Trade vs Schwab this quarter.

Net new accounts:
SCH.....282,000
EGRP...310,000

Total accounts end of quarter:
SCH.....6.3MM
EGRP...1.6MM

Total customer assets:
SCH....$ 595B
EGRP...$ 28B

New assets this quarter:
SCH....$ 25B (comment: SCH brought in almost an entire EGRP)
EGRP....$ 3.7B

Advertising/marketing expenses:
SCH.....$ 57.7MM
EGRP...$ 77.4MM
Revenues:
SCH.....$ 883MM
EGRP...$ 173MM (comment: 4MM less than last Q)
(31MM less than last quarter if the 27MM revenue from
the acquisition [TIR Holdings] is excluded)

Net income:
SCH....$ 124.5MM
EGRP....$ 24.7MM loss (more if TIR net is excluded)

Sources: SCH & EGRP press releases for the quarter.

Best wishes,
Tom (long SCH & EGRP)
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