E*Trade Expands ATM Network in Target Stores to Diversify Operations
As part of the arrangement, E*Trade will serve as the exclusive ATM network for all Target and Target Greatland Stores in the United States. The company currently operates ATMs in 110 Target stores.
The E*Trade shops are 400-square-foot facilities within Target stores, staffed with E*Trade sales and service representatives to assist customers with brokerage and banking services.
E*Trade also opened up a 30,000-square-foot E*Trade Center in New York last week where investors can make trades through their accounts, attend investment seminars and purchase E*Trade clothing and other gear.
E*Trade announced April 7 that it posted a net loss of $9.2 million, or 3 cents per share, for the first quarter, which ended March 31. The earnings, which met analyst expectations, compared with a net loss of $25.5 million for the same quarter last year.