MENLO PARK, Calif. - E-Trade Group Inc., the discount broker that has been trying to reinvent itself, said its second-quarter earnings were $5.4 million, or 2 cents a share, against a $200,000 loss in the year-earlier period. Chairman and chief executive officer Christos M. Cotsakos said in a prepared statement that the showing was "evidence of the strength of our business model, even in the challenging economic of the board of the past few quarters."

He said the company would continue to seek earnings growth through "transactions, interest rate spreads, and recurring fee-based products.

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