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Non-Tech : E*Trade (NYSE:ET)

ET 16.51

-0.8%

Nov 21 9:30 AM EST

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To: Pullin-GS who wrote (10401)	1/4/2000 12:10:00 PM
From: KM	Read Replies (2) of 13953

Tuesday January 4, 9:57 am Eastern Time RESEARCH ALERT -Lehman sees online broker shrs up NEW YORK, Jan 4 (Reuters) - Shares of online brokerages such as ETrade Group Inc. (NasdaqNM:EGRP - news) and AmeriTrade Holding Corp. (NasdaqNM:AMTD - news) are poised to rise on heavy stock trading volumes, investment bank Lehman Brothers said in a research note on Tuesday. -- Analyst Richard Repetto expected online brokers to report better-than-expected earnings for the quarter ended Dec. 31, in part because trading volumes across the nation's exchanges reached record levels in December. -- As a result, shares of ETrade, AmeriTrade and DLJdirect Inc. (NYSE:DIR - news) ''could move up sharply in the near term,'' Repetto said. -- Analyst decreased loss estimates for AmeriTrade and DLJdirect by one penny a share to a loss of 12 cents a share and 6 cents a share, respectively. -- E*Trade up 1-1/8 to 29-3/16, AmeriTrade up 11/16 to 24-1/4 and DLJdirect flat at 13-11/16 in early morning trading.

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