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To: Investor Clouseau who wrote (1050)4/3/2000 1:58:00 PM
From: Investor Clouseau  Read Replies (1) | Respond to of 2005
 
(REUTERS) RESEARCH ALERT - Online brokers' estimates raised
RESEARCH ALERT - Online brokers' estimates raised

NEW YORK, April 3 (Reuters) - Chase Manhattan's investment
banking unit, Hambrecht & Quist, on Monday said it raised its
profit estimates for online brokerages, citing strong share
trading volumes.
-- Analyst Gregory Smith raised his first-quarter profit
estimate for Charles Schwab Corp. <SCH.N> to 27 cents a share,
from 23 cents a share. Maintains buy rating.
-- Schwab itself on Monday said it expected to earn 31-33
cents a share for the first quarter.
-- Smith raised his estimate for E*Trade Group Inc.
<EGRP.O> to a loss of 16 cents a share, up from a loss of 18
cents. Reiterates buy rating.
-- Smith raised his price target on Knight/Trimark Group
Inc. <NITE.O> to $70, from $60, and raised his first-quarter
estimate for the market maker to 93 cents a share, from 67
cents. Reiterates buy rating.
-- Smith raised his first-quarter profit estimate for
DLJdirect Inc. <DIR.N> to a profit of 4 cents a share, from a
loss of 1 cent a share. Maintains buy rating.
((--Financial Services Desk (212) 859-1725--))
REUTERS
*** end of story ***