E*Trade (NYSE:ET) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

ET 17.35

-0.6%

Jan 16 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jarvis henkle who wrote (3448)	8/3/1998 1:00:00 PM
From: Tom Smith	Read Replies (2) of 13953

*ETrade projects strong account growth** Monday August 3, 12:00 pm Eastern Time SAN FRANCISCO, Aug 3 (Reuters) - Electronic brokerage firm ETrade Group Inc. (EGRP - news) expects to add over the next four to eight months one million accounts to its current base of 460,000, senior vice president Rebecca Patton told investors Monday. She also projected the company would quadruple its number of accounts between the end of 1997 and the end of 2002. Speaking at the BankAmerica Robertson Stephens New Millenium Conference here, Patton said ETrade aimed to grow its business by becoming a full-fledged ''financial portal'' on the Internet. The company will shortly launch a new Internet site offering a range of services like content and community to enhance its stock trading business. "This will enable ETrade to cross sell a wide variety of consumer services," she said, explaining this should reduce the company's dependence on transaction-based revenue. She also said it should also help ETrade distinguish itself from the growing number of online brokerages.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next