E*Trade's One-Two Shows Online Direction

Lewis, Janet
August 2005
Investment Dealers' Digest;8/15/2005, Vol. 71 Issue 32, p14
Trade Publication
Reports that the U.S. online brokerage industry is continuing to both consolidate and branch out in new directions, as indicated by the acquisitions of E*Trade Financial Corp. Acquisition by E*Trade of its rival Harrisdirect LLC; Surge in E*Trade's stock after it bought Kobren Insight Management, a private client asset manager; Statement of Jarelt Lilien, COO of E*Trade, regarding the acquisitions.


Related Articles

  • Online Broker E-Trade Undertakes Buying Spree; Buys HarrisDirect for$700M, Kobren Insight in Second Deal. Amend, James M. // Money Management Executive;8/15/2005, Vol. 13 Issue 32, p4 

    Reports on the plan of online broker E-trade Financial Corp. to acquire Massachusetts-based asset manager Kobren Insight Management. Previous acquisition by E-trade of rival firm HarrisDirect; Profile of Kobren; Statement of E-trade COO, R. Jarrett Lilien regarding the acquisition.

  • E-Trade in Deal for Private-Client Firm.  // American Banker;8/10/2005, Vol. 170 Issue 153, p12 

    Highlights plans of E-Trade Financial Corp. of New York, New York to buy Kobren Insight Management. Role of the acquisition in E-Trade's regional adviser strategy; Goal of E-Trade to provide wealth-management services to retail and corporate clients; Plans for expansion at E-Trade; Plans to...

  • Deals Power E-Trade to 44% Profit Increase. Rieker, Matthias // American Banker;1/24/2006, Vol. 171 Issue 15, p2 

    This article reports that E-Trade Financial Corp. said Monday that its fourth-quarter profit rose 44% from a year earlier, to $129.4 million, partly because of two online-brokerage acquisitions. It bought Harrisdirect LLC from Bank of Montreal in October and BrownCo from JPMorgan Chase & Co. in...

  • E-Trade Scales Up, Seeks Synergies. Hintze, John // Securities Industry News;8/22/2005, Vol. 17 Issue 28, p1 

    Focuses on the pending merger between E-Trade Financial Corp. and Harrisdirect. Reasons for the decision of E-Trade to acquire Harrisdirect; Factors contributing to the consolidation trends across the financial services industry in the U.S.; Financial results of Harrisdirect during the second...

  • Hitch in Harrisdirect Conversion. Wolfe, Daniel // American Banker;1/30/2006, Vol. 171 Issue 19, p19 

    This article reports that E-Trade Financial Corp. said Friday that some former Harrisdirect LLC customers had problems accessing their accounts this month. E-Trade bought the online brokerage in October from Bank of Montreal and moved the customers to its own system from Jan. 12 to Jan. 16. The...

  • Combine and conquer. Smart, Tim; Mannix, Margaret // U.S. News & World Report;5/23/2005, Vol. 138 Issue 19, pEE16 

    Discusses how E-Trade Financial Corp. expressed interest in buying rival Ameritrade Holding Corp., a move that could consolidate the online trading market. Efforts of E-Trade to enter into merger negotiations with Ameritrade; Speculation on the impact of a potential deal between the two...

  • Proposed merger highlights changes for online brokers. Harrington, Cynthia // Accounting Today;6/20/2005, Vol. 19 Issue 11, p5 

    Focuses on the impact of a proposed merger between online brokerage firms Ameritrade Holding Corp. and E-Trade Financial Corp. on the industry in the U.S. Findings of a study on the attitude of online investors towards traditional and online brokers; Methods of attracting customers by online...

  • Volume Climbs at 3 Online Trading Firms. Wolfe, Daniel // American Banker;11/16/2004, Vol. 169 Issue 220, p22 

    Reports that stock trading volume for three leading online trading firms increased in October 2004, after an industrywide slump in the summer of 2004. Financial performance of E-Trade Financial Corp., Ameritrade Holding Corp., and Charles Schwab Corp.; Outlook for the online trading market.

  • INTO THE GREAT WIDE OPEN.  // eWeek;1/30/2006, Vol. 23 Issue 5, p29 

    This article presents information related to eTrade Financial Corp. The financial services company has moved its open-source migration to optimize internal development processes. This company assimilates acquisitions and continues to grow to compete with other business firms. It is informed that...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics