• Home
  • Events
  • Industry News
  • Forums
  • Press
  • Blog
  • About
Go to...
    LendIt News – Daily Fintech Industry News LendIt News – Daily Fintech Industry News


    • All News
    • USA
    • Europe
    • China
    • Lend Academy
    Go to...
      Home»Fintech » E*Trade Finds Itself in Precarious Position

      E*Trade Finds Itself in Precarious Position

      December 2, 2019
      Fintech, USA
      Views : 93
      0

      E*Trade’s more than 5 million brokerage accounts suddenly feels small when comparing itself to Fidelity who has 30 million brokerage accounts and Schwab/TD Ameritrade combo who has 25 million accounts; the recent drive to zero fees on trading and the merger of Charles Schwab and TD Ameritrade has put E*Trade in a strange position; the company has tried to sell itself for years and TD Ameritrade even acknowledged running more than 4,000 scenarios on an E*Trade acquisition; Brennan Hawken, an analyst with UBS Group AG, tells the Wall Street Journal, When others were pivoting, E*Trade had to turn inward and fix its own problems,” he said. “While it isn’t the current management team’s fault, there has been a history of mismanagement at E*Trade. And as a result, they are in a difficult spot.” Source

      Tags : digital wealth management, E*Trade
      Share :
      • Facebook
      • Twitter
      • Linkedin
      • Email
      Next article
      The Five Debates That Will Shape Fintech in the Coming Decade
      Previous article
      Announcements & Releases for December 2, 2019

      Leave a reply

      Click here to cancel reply.