Sandler O'Neill analyst Richard Repetto expects a 20% drop in daily average revenue trades from online traders E-Trade (Nasdaq: ETFC) and Charles Schwab Corp. (Nasdaq: SCHW) in November. Shares of E-Trade dropped 26 cents to close at $1.09 while Charles Schwab stock plunged $2.78 to close at $15.55.
Analyst Expects Online Trading Revenue To Drop
December 01, 2008 at 16:35 PM EST
