E-Trade (NASDAQ:ETFC) was recently fined $200,000 by the Dubai Financial Services Authority (DFSA) for failing to ensure the implementation of various anti-money-laundering controls. [1] This minor setback for the online brokerage firm should make it and its competitors, including Charles Schwab Corporation (NYSE:SCHW), Fidelity and Ameritrade (NYSE:AMTD), pull up their socks.
Below, we list a few key trends affecting the online brokerage industry, noting how they might affect E-Trade. We maintain a $16.88 price estimate for E-Trade stock, in line with market price.
(Chart created by using Trefis' app )
Increasing competition in the brokerage business to push trading commissions south
The online financial services market continues to evolve rapidly and we expect it to remain highly competitive. E-Trade?s trading and investing segment competes with full commission brokerage firms, discount brokerage firms, online brokerage firms, Internet banks, traditional ?brick & mortar? retail banks and thrifts and market-making firms.
E-Trade has had
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Rachel Perry Mary Elizabeth Winstead Piper Perabo Anna Kournikova Esther Cañadas
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