ETR

E*Trade vs. CommSec Price War


ANZ owned E*Trade Australia is set to start a price war with online stockbroker CommSec on fees and commissions regarding international trades. E*Trade is planning to open up retail trader and investor access to several overseas stockmarkets from New York to Singapore. The company's profit in the year to September 2009 after tax was $31 million.

E-Trade (ETR) Stock Recommendation


Deutsche Bank have rated the stock as a buy with a share price target of $2.80. The company result was above expectations with profit growth 38 percent higher than FY05. The dividend announcement was a positive surprise given the HSBC and SGB deals but the broker notes, those deals appear to be going well.

ETrade (ETR) Shares Recommendation


Deutsche Bank has rated the ETrade (ETR) stock with a Buy rating. The broker has noted that their "white label" deal with St. George would add around 1.5 percent to earnings. On the other hand, trading volumes for the company's stock is deteriorating and highly correlated.

ETrade Australia Limited is listed on the Australian Stock Exchange (ASX) under stock code ETR. You can view their investor website here. The company is in the diversified financials sector. Check your charts!

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