DALLAS, Aug. 31, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring online brokerage company E*TRADE Financial Corp. (Nasdaq:ETFC). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on E*TRADE Financial Corp. (Nasdaq:ETFC) should be of particular interest to other brokerage companies: Interactive Brokers Group Inc. (Nasdaq:IBKR), The Charles Schwab Corp. (Nasdaq:SCHW), TradeStation Group Inc. (Nasdaq:TRAD) and TD Ameritrade Holding Corp. (Nasdaq:AMTD).
It is available at: http://www.stockpreacher.com/n/ETFC
E*TRADE Financial Corp. (ETFC), through its subsidiaries, provides online brokerage and related products and services primarily to individual retail investors, under the brand name of E*TRADE Financial worldwide. It offers various brokerage products and services, including automated order placement and execution of the U.S. and international equities, currencies, futures, options, exchange-traded funds, mutual funds and bonds.
In the report, the analyst notes:
"The Company ended the month of July with record brokerage accounts of more than 2.7 million, including gross new brokerage accounts of 30,019 and net new brokerage accounts of 7,467. Total accounts ended the month at more than 4.5 million. Total Daily Average Revenue Trades for July were 176,180 - a decrease of 10.3% from June and 3.6% from the year ago period. Brokerage related cash increased 6.2% in July, while security holdings increased 8.1%. This was offset by a $415 million reduction in Bank related customer cash and deposits, as the Company continued to execute on its balance sheet reduction strategy.
"SmartMoney Magazine conducts a broker survey every year. Despite all the troubles in the financial sector, ETFC scored a big win in the latest SmartMoney 2009 Broker Survey, leading four out of five categories and earning the top spot for three years in a row. ETFC beat the other 15 brokers included in the survey earning 4 stars out of 5 for mutual fund and investment products and the maximum 5 stars out of 5 for the remaining categories: banking services, trading tools, research and customer service."
To read the entire report visit: http://www.stockpreacher.com/n/ETFC
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