US Online Broker Sold

JPMorgan Chase & Co has signed a definitive agreement to sell its online deep discount brokerage business, BrownCo, to E*Trade Financial for a cash price of $1.6 billion, giving it an after-tax gain of....

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By: Paul Das
September 30, 2005
JPMorgan Chase & Co has signed a definitive agreement to sell its online deep discount brokerage business, BrownCo, to E*Trade Financial for a cash price of $1.6 billion, giving it an after-tax gain of....