|
|
 |
|
Viewing report
|
|
|
|
Bricks Beating Clicks Among Brokers in Slowing Economy Nov 01
Standard & Poors, Nov 2001
Abstract
After taking a big bite out of their traditional competitors in the late 1990s as E-brokerage took off, online brokerage firms have been hit much harder than established firms by the economic malaise and the volatile equity markets. The economic slowdown has tempered expectations that trading online would trounce more conventional brokerage channels. Data through third-quarter 2001 collected by Standard & Poor's illustrate the contrast between the 'clicks' and 'bricks.' Third-quarter 2001 commission revenues for E-TRADE Group Inc. and Charles Schwab Corp. are down 50% and 42%, respectively, over the same period in 2000. By contrast, the larger, full-service companies posted lower reductions for the same period, with Morgan Stanley Dean Witter & Co. down only 14% and Salomon Smith...
Companies mentioned in this report are: Morgan Stanley,Charles Schwab Corp.,Citigroup Global Markets Holdings Inc.,E-TRADE Financial Corp.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
|
|
|
|
