jbmaria

E*Trade: Why the Strange Earnings Report?

Hirendu,
seems to me you are clearly mischaracterizing Schwab's comments in response to a question???

""If the time of a willing seller came along we would be there as a player, but more on our terms," Charles Schwab, the company's founder and chairman, said when asked the brokerage's strategy if regulators were to force E*Trade to sell part or all of its business.

"We're not hostile, we want a willing seller," Schwab said of his firm's acquisition strategy in general, adding an acquisition was not necessary to increase market share."