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Non-Tech : TD Waterhouse Group (TWE)

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To: Proton who wrote (1183)	4/16/2000 11:22:00 AM
From: Proton	Read Replies (1) of 1413

Re: Brokers and Margin Revenue Most importantly, margin buying (and the tremendous profits margin interest provides) has imploded. Barron's analyzed the impact of margin on revenues at nine selected brokerages. *TD Waterhouse derives 22% of its total revenues* from margin interest.** The margin orgy has been postponed. Brokers who depend on margin interest revenues may not see profits for a long time. Does TD Waterhouse fall into that category? P.

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