DealBook Blog: E*Trade Rises on Modest Sales Loss
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The online brokerage said that it sold $3 billion of mortgage-backed securities and municipal bonds, with a modest realized loss of $5 million.
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Online broker E*Trade Financial Corp.  said on Monday its retail customer stock trading for October jumped 21 percent from the prior month, helped by less uncertainty in financial markets.
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Semiconductor companies moved higher in trading Thursday after an industry group said sales rose 1.1 percent to $18.2 billion in August from the previous month, and that inventories are on the decline.
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The company saw an improvement in its trades, but will this market be kind to the brokerages?
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European equities moved higher on Tuesday, as recent losses for financial stocks triggered some technical buying, while oil companies and utilities provided defensive back-up.
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Circuit City Stores Inc. CC.N on  Friday reported a narrower quarterly loss as it kept a tight  rein on expenses and sales of digital televisions and notebook  computers rose, sending its stock up 5 percent.
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The markets rose modestly in thin trading, helped by revised Commerce Department data that showed that economic growth remained reasonably strong.
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US stocks were modestly firmer on Tuesday, led by technology shares as deal activity ignited the start of a holiday-shortened trading week.
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European stock markets advanced in early dealing as dealers set aside losses in New York and Asia as well as a weak dollar, encouraged by some positive company results.
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Stocks were modestly higher on Monday as strength in the technology sector offset lingering worries about the mortgage market and declines in energy stocks.
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London equities rose on Thursday, after the sharp sell off during the previous session left mining and financial stocks looking undervalued.
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E*Trade Financial Corp. , an online bank and brokerage, on Monday said its third-quarter profit rose as lower expenses offset a drop in net revenue.
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Circuit City Stores Inc. (CC.N: Quote, Profile, Research) on Friday reported a narrower quarterly loss as it kept a tight rein on expenses and sales of digital
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E*Trade Financial Corp. (ET.N: Quote, Profile, Research) , a major online broker, on Wednesday said customer stock trading for the month of July dropped 1.6 percent from June as investors curbed their enthusiasm for trading stocks.
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European stock markets rose slightly amid relief at falling oil prices, though activity was muted, dealers said.
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Circuit City Stores Inc. CC.N on  Friday reported a smaller quarterly loss as it kept a tight  rein on expenses and demand increased for digital televisions,  notebook computers and other popular products.
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Circuit City Stores, the consumer electronics chain, reported a smaller-than-expected loss in the second quarter Friday because of higher sales and fewer