E*Trade (ET) - Get Report was up 9.2% in early trading after announcing it was acquiring a share dealing firm.

Robertson Stephens boosted its 2002 estimates on the online broker to 30 cents a share from 15 cents and Deutsche Banc Alex. Brown raised its estimates to 39 cents from 24 cents.

Deutsche Banc has a buy rating and a $9 price target on the stock.

The moves were a reaction to E*Trade's announcement late Wednesday that it would buy

Dempsey & Co.

for $173.5 million. Robertson Stephens said the acquisition increases the value of each order by internalizing order flow.

E*Trade said it expects the acquisition to add to earnings immediately. The company also plans to consolidate facilities and streamline operations during the next several months, toward pretax gains of about $60 million to $70 million.