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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: EyeDrMike who wrote (5249)2/17/1999 9:26:00 PM
From: let  Read Replies (1) | Respond to of 13953
 
MER is only offering online trading to a small percentage of their customers. NOT all their accounts.

IMO they fear online trades, they have too many employees and too much brick and mortar. Not to mention the new competition from net brokerages entering the forbidden Investment Banking business. This reduces profits and current margins as well as provides stiff competition.
They will never buy an online firm like EGRP and pay the expensive market cap. It is too dilutive to their stock.

I will look for the article and post the url here if I can find it.

Let



To: EyeDrMike who wrote (5249)2/17/1999 9:36:00 PM
From: BeRichLikeMe  Read Replies (1) | Respond to of 13953
 
ML would never buy the number one, like schwab. Etrade would compliment ML. ML internally has mention online trading to customers for years. ML does not really care for the $10 per trade commission, business. It is actually expanding into other areas like insurance, and mortgage. I would see ML buy a bank first, if banking reform is pass by the Senate.


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