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| Author | Topic: Charles Schwab (SCH) |
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Mayor of Investorville Administrator |
posted 02-18-2000 01:11 PM
 
This board is being moved to the S folder. Please post subsequent messages there. |
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JHirsch |
posted 02-16-2000 05:07 PM
Does anyone know how many accounts Cyber Corp has? Some quick math could tell you if the purchase was a good one for Schwab (forgetting the effects terrific was talking about) $488 million, and $20,000 per account per year. It would take nearly 25,000 accounts to make it worth it within the year, which I doubt they have. If they give it 3 years, it'd take around 8,000 accounts. Of course, this is only one way of looking at the transaction. Jake |
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terrific |
posted 02-16-2000 09:52 AM
> I think Schwab's acquisition of CyBerCorp was a smart move. It seems like they're trying to be all things to all people. Last month they paid $2.7 billion (!) to buy U.S. Trust, a private bank where the average customer's account is $7 million. High end, low end, active trader, beginner... As a Schwab customer (but not a Schwab shareholder), I just hope they don't lose focus and become second-best at everything rather than best at one thing. |
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mojo |
posted 02-14-2000 05:46 PM
I think Schwab's acquisition of CyBerCorp was a smart move. Competition in the online brokerage business is intensifying, as witnessed by the fact that Schwab has lost 6 percentage points of market share (from 28% to 22%) in the last 12 months. Merrill Lynch, Morgan Stanley Dean Witter, Prudential, and Salomon Smith Barney will soon be serious online competitors, and E*Trade continues to nip at Schwab's heels. Active traders are a small but growing group, and they're by far the most profitable accounts to have (CyBerCorp generates about $20K/year in commissions PER ACCOUNT!), so the acquisition should help Schwab a lot. |
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InvestorGuide Daily Administrator |
posted 02-02-2000 06:04 PM
Charles Schwab, the No. 1 U.S. discount and internet broker, will buy day-trading company CyBerCorp for $488 million in stock, and will cut commissions to lure active traders. http://www.techweb.com/wire/story/reuters-finance/REU20000202S0006 |
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slurm |
posted 01-24-2000 05:56 PM
Schwab's numbers look great. There's obviously a lot of competition in the online trading biz (just try watching a sporting event on TV without being inundated by online trading ads)... but Schwab doesn't seem to be affected by the competition, they're growing fast and they're still managing to charge $30 a trade. It looks like the winners are going to be Schwab, ETrade and whichever full-service firms are willing to cannibalize themselves (Merrill Lynch, perhaps). |
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InvestorGuide Daily Administrator |
posted 01-18-2000 07:16 PM
Schwab earnings up 60% for the quarter. http://www.foxmarketwire.com/wires/0118/f_ap_0118_55.sml |
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InvestorGuide Daily Administrator |
posted 01-13-2000 06:21 PM
Charles Schwab said it will buy investment management firm U.S. Trust for $2.7 billion in stock to form a full-service brokerage. http://www.msnbc.com/news/357024.asp |
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InvestorGuide Daily Administrator |
posted 12-13-1999 07:12 PM
In brief - Charles Schwab said that daily average revenue trades rose 41% to 202,900 in November from October's 144,300. |
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InvestorGuide Weekly Administrator |
posted 12-13-1999 06:14 PM
Don't believe the hype: a recent Schwab deal won't open road shows to average investors. http://www.thestandard.com/article/display/0%2C1151%2C8040%2C00.html Charles Schwab said rival Merrill Lynch's internet brokerage plans won't work. In brief - Charles Schwab's online trading market share has fallen from 28% to 23% in the past six months due to increased competition. |
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infooverload |
posted 11-23-1999 04:54 PM
Last week, Schwab announced plans to offer certain clients Internet access to company road shows for IPOs. Schwab is the first brokerage to offer Internet road shows (closer to full disclosure to indiv. investors) to retail investors, yet the opening is still only for a select few, not all investors, big or small. The change comes after the U.S. Securities and Exchange Commission (SEC) for the first time issued a "no-action letter" that allows Schwab to offer Internet road shows to its Signature Services retail customers (roughly 20% of Schwab's 6.3 million customers) who participate in IPOs through the brokerage firm. Prior to the change, the SEC had limited the availability of Internet road shows largely to institutional investors and other "market professionals". I think this is a really positive step in the right direction, but I don't think it should stop here. Schwab and other brokerage firms, along with individual investors in general, should press the SEC to open access to these road shows to all investors. |
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terrific |
posted 11-16-1999 09:37 AM
Merrill Lynch is going to start offering $30 online trades (same price as Schwab) on December 1st. How much of an impact will this have on Schwab? |
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InvestorGuide Weekly Administrator |
posted 11-01-1999 09:39 AM
Fidelity passed industry leader Charles Schwab for the first time in active online brokerage accounts. http://cbs.marketwatch.com/archive/19991028/news/current/amtd.htx |
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InvestorGuide Weekly Administrator |
posted 10-18-1999 10:02 AM
Latest earnings report: http://news.excite.com/news/r/991014/15/net-schwab-earns |
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JHirsch |
posted 09-13-1999 02:48 PM
Anyone who watched any of the US Open or any football this weekend has probably seen the new Schwab commercials. One is with Anna Kournikova and Mary Joe Fernandez, and the other has Jason Seehorn and Shannon Sharpe. They are great commercials which tout the "full service" and "online" aspects of Schwab's service. I must have seen each commercial a few times an hour. Additionally, last week Schwab lowered their rates on their "full service" brokerage trades. They are doing a goo job of trying to keep their customers and gain new ones. Here is an article about it: http://cbs.marketwatch.com/archive/19990908/news/current/sch.htx?dist=nwtam As terrific just said, they need to make sure they can handle the load. Jake |
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