Brokerages will cumulatively lose billions of dollars in revenue.
E-Trade, on the other hand, relies on commissions forof its overall business; it forecast a $75 million hit to its revenue in the past quarter.
In a note last week, Harris downgraded the discount brokers across the board, predicting a larger revenue hit: Trading fees will drop to 7% from 16% of E-Trade’s total revenue and to 10% from 24% of TD’s total revenue. Harris also points out that among these brokers, Schwab, with more than $10.7 billion in annual revenue, relies less-heavily on trade commissions and could subsequently beHow big of an impact it has on stocks—which have all dropped since their respective announcements: TD , Schwab and E-Trade .for years as they jostle to stay competitive. This has resulted in a price war to meet growing demand for low-fee investing products.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Billions Lost: Here’s How Much E-Trade, Schwab and TD Ameritrade Are Losing From Slashing Trading FeesBrokerages will cumulatively lose billions of dollars in revenue from slashing trading fees by skleb1234
続きを読む »
One London Restaurant Lost All Three of Its Michelin StarsLast year, London restaurant The Araki had three Michelin stars. This year, it has zero (via eaterlondon)
続きを読む »
Carlos Martinez Has Lost His Manager’s Faith In HimCardinals closer Carlos Martinez has performed and acted his way out of being the definitive ninth-inning guy.
続きを読む »
Before moving all your IRA money to a Roth, consider these lost tax benefitsWhile rolling over funds can translate into tax-free income available down the road, you also pay taxes on the amount moved — which means no future opportunity to reduce that rate further.
続きを読む »
Trump's Scotland golf resort lost $1.3 million last year, has not made a profit for seven yearsThe documents also reveal that the resort received a $50 million interest-free loan from Trump himself.
続きを読む »