Summary
NEW YORK (Reuters) - Online broker E*Trade Financial plans to double its sales force over the next couple of years to 400 from 200 as it seeks to increase its share of client assets in the investment retirement sector, the firm's chief financial officer, Matthew Audette, said on Monday [Oct. 3].
E*Trade, which recently initiated a strategic review at the insistence of its biggest shareholder, hedge fund, that could result in the sale of the company, returned to profitability this year after losing billions over a period of several years from bad mortgages in its banking unit.See the full content of this document
Extract
E*Trade to Boost Sales Force, Focus On Retirement
The New York-based firm's shares have lost more than half their value, closing at $8.36 on Monday, since hit...
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