E*Trade Profit Surges on New Accounts, Trading

22 October 2014, 11:51
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Revenue Up 6%, Topping Expectations (By DANIEL HUANG)

E*Trade Financial Corp. reported its third-quarter earnings Tuesday, announcing an 83% growth in profits as new customers and assets offset slower trading activity.

E*Trade reported profits of $86 million, up from $47 million a year ago. On a per-share basis, earnings increased to 29 cents,...

Read more -> Sources.