successful bankruptcy
Will E*Trade have to file for bankruptcy soon?
It seems that the price of ETFC keeps going down and down with no end in sight, unless that end is $0.00.
I find it a little stange that the new managment at ETFC didn’t try to separate its brokerage business from its mortgage business. They needed to do that in order to avoid loosing customers at its successful brokerage business.
Perhaps ETFC is structured in such a way that the management cannot separate these two parts of the business from each other. And that’s why they haven’t done it.
And now even its succesful brokerage business might be in trouble because many clients feel insecure and are running for the exits.
They are up 10% in the premarket trading today (wed).
They are trying to turn things around.
As far as losing clients… I have noticed that several other online borkers are offering a special on switching to their firm. With the uncertaintly that Etrade brings now and the special deals… could be that a lot of people will switch.
Doesn’t look to good for them. I do bot think that they will go to $0 though. Time will tell though.
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