September 17, 2007 / 10:24 PM / 10 years ago

E*Trade sees further provisions, writedowns in '08

NEW YORK, Sept 17 (Reuters) - U.S. online brokerage E*Trade Financial Corp (ETFC.O) expects to have to take another $50 million to $100 million in losses on its mortgage-linked securites next year, its chief financial officer said on Monday.

    Robert Simmons also told analysts that the company will likely increase its provision for loan losses by $150 million to $200 million in 2008.

    The company still expects to keep to its long-term goal for earnings growth of 15 percent to 20 percent, he said. (Reporting by Christian Plumb)

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