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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?


To: Smart Investor who wrote (927)10/8/1999 11:23:00 AM
From: lebo  Read Replies (1) | Respond to of 1390
 
The guys over at Morgan Stanley cannot understand why MWd trades at a PE of 13 and SCH at PE of 57. The days of the 7% commisions on IPOs are coming to an end and once this happens Investment banks will be trading at single digit PEs. The trend of banking and finance is Online. Online trading is just one segment of it. Watch SCH get into Online underwriting of IPOs like HQ. With such a retail reach SCH is clearly a leader.