E*Trade Financial Corp., the online brokerage that’s been unprofitable for two years, climbed the most in a month after the Daily Telegraph said the company is in talks about a sale.
The stock rose 6.4 percent to $1.84 in Nasdaq Stock Market trading after the Telegraph said the talks were advanced and the company has shut down applications for new accounts. E*Trade spokeswoman Pam Erickson said that the company shut down applications for international locales in connection with a previously announced restructuring and that it doesn’t comment on market speculation or rumors.
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