E*Trade Swings to 3rd-Quarter Profit, Strikes Deal to Sell Market-Making Unit
October 23, 2013 at 16:21 PM EDT
E*Trade Financial Corp. (NASDAQ: ETFC ) swung to a third-quarter profit as the online brokerage firm reported higher daily average revenue trades, sharply lower loan-loss provisions and more controlled expenses. However revenue missed the estimates of analysts polled by Thomson Reuters. E*Trade also disclosed that it will sell
