Charles Schwab, TD Ameritrade deal reports prompt analyst questions - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Here's where analysts think E-Trade fits in after reports of Charles Schwab-TD Ameritrade deal talks — and why wealth is the next battleground post-broker wars

would negatively impact quarterly revenue by $90 million to $100 million, or around 3% to 4% of total net revenue.an even bigger impact from the decision, at $220 million to $240 million of quarterly revenue, or about 15% to 16% of total net revenue.

He added that now the "only real differentiator" will be customer service — like assisting customers with account issues digitally or over the phone — for those clients. In a note to clients on Thursday, Brennan Hawken, an analyst at UBS, said E-Trade "looks the most vulnerable," and that it's been "left out in the cold." Investors have long predicted it would be acquired, he told Business Insider in a later interview, and they now see less clearly who might be a potential suitor for the broker.

There are other sources of revenue that are available to discount brokerages, including so-called payment for order flow from routing customers' trade orders to third-party firms to execute as opposed to going directly to exchanges.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines