National Discount Brokers Signs Deal with

Shares of online broker National Discount Brokers (NYSE: NDB) were up sharply in early trading today after the company announced an agreement with, a leading site for financial markets analysis. The deal will give customers of National Discount Brokers free access to much of’s proprietary financial information, analysis and commentary.

Customers will be able to access’s Stock Analysis service for free, a service that normally costs $6.95 a month, or $70 (US$) a year. also offers a more comprehensive service for professionals, which costs $25 a month, or $250 a year.

Access to Upgrades and Downgrades

Among the most useful features on that National Discount Brokers will be able to get for free are updated lists of upgrades and downgrades, analysis of technology stocks and earnings, and splits calendars.

“ offers not only important financial markets information but also insights into what is significant and why it matters to individual investors,” said Dennis Marino, chairman and CEO of National Discount Brokers.

Numerous Content Partners for’s service also provides updated analysis throughout each trading day, including reports on “Stocks in Play” and up-to-the-minute company news.

The deal with National Discount Brokers gives the privately held additional exposure. At the end of February, National Discount Brokers had approximately 128,000 customer accounts, with assets of about $6.5 billion.

However,’s service is already well-known in the financial sector. also provides content to partners including America Online, Ameritrade, Charles Schwab, E*Trade, Excite, Yahoo! and the Wall Street Journal Interactive Edition.

Stock Impact

Shares of National Discount Brokers were up 5 to 43-5/8 in early trading. At these levels, this is still one of the better value plays among online brokers. National Discount Brokers is actually profitable and has a price/earnings ratio around 35, which is healthy for the Internet sector. The company’s stock is also well off its 52-week high of 93.

National Discount Brokerage stock is also benefiting from the better-than-expected earnings report competitor E*Trade (Nasdaq: EGRP) released this morning. E*Trade was upgraded from market perform to buy by Donaldson, Lufkin & Jenrette today, and was up 5-3/16 to 79 in early trading.

Leave a Comment

Please sign in to post or reply to a comment. New users create a free account.

E-Commerce Times Channels