yes:
"E+Trade, the number two U.S. Internet brokerage (...), reported a small quarterly profit earlier this month, and said there was much more to come."
and Kathy Levinson said in a previous interview:
"Kathy Levinson, E*Trade's president and chief operating officer, said she expects the online brokerage to post break-even operational results in the third quarter of the 2000 fiscal year. Ms. Levinson said in an interview that she expected E*Trade to "make a couple of pennies" per share in the fourth fiscal quarter. Revenues for the entire 2000 fiscal year should come in around $1.3 billion to $1.4 billion, she said. E*Trade's fiscal year ends in September.
During the quarter, E*Trade said it attracted 603,000 net new accounts, bringing its total active accounts to 2.6 million, compared to 967,000 a year ago. At the same time, E*Trade said it maintained one of the lowest acquisition costs per net new account in the industry of $256, down 13% from the previous quarter. Average transactions per day increased to 229,000, up 226% from 70,000 a year ago, and up 73% from 133,000 in the first fiscal quarter of 2000." |
