you'll see in this link that during the slow Q3 1999 that affected the sector, ETrade was the only one showing 14% sequential revenue GROWTH, while all the others, including SCH and NITE, were showing slight sequential revenue declines (-10% for SCH, and -5% for AMTD).
account growth at ETrade is so amazing, that it cushions it from whatever summer slowdowns you wanna throw at it.
this quarter will be even better, since we have 608,000 new people clicking and clicking now.
so, what Caroline Humer at TheStreet.com just wrote in that article on SCH and supposedly more trading dependent online brokers like EGRP is misleading and false.
EGRP still showed 14% revenue GROWTH during the summer slowdown of 99, while SCH did NOT, showing a 10% DECLINE.
how come? because "asset productivity" at ETrade is much higher than at Schwab, and acccount growth is off the charts.
check the facts:
boards.fool.com |
