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E*Trade is offered acquisition proposal

Bradley Tinney
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Comments 3
This prediction is closed and has been judged.
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Judgment on January 6, 2009: No company made an official bid to buy the struggling Internet-based brokerage firm E*Trade in 2008, which the community correctly predicted.  -- The Industry Standard

Original prediction: "Many suggest E*Trade could be a great buyout target, either for a healthier discount rival such as Ameritrade or a more traditional rival like Bank of America (BAC). Its recognizable brand and well-regarded technology make E*Trade a tempting target." - BusinessWeek.

This is a prediction that E*Trade will be offered an acquisition proposal (Ameritrade, Bank of America, or anyone else) by the end 2008.

Price History

Prediction Statistics

Betting Closes:Dec 31 2008Current Consensus:7.59%Total Bets:42
Today's Change:
0%
Life Time High:53.74%
Life Time Low:7.59%

Comments

Although it seems likely for consolidation in the brokerage industry, this is not likely in the remaining time in 2008 (especially federal aid is granted).


E-Trade still waiting on TARP funds. Unfavorable judgment can now be rendered.


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