SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?

To: Tom_ who wrote (964)10/14/1999 4:09:00 PM
From: lebo  Read Replies (1) | Respond to of 1390
 
Dont forget about their PEs.



To: Tom_ who wrote (964)10/14/1999 9:04:00 PM
From: brushwud  Read Replies (2) | Respond to of 1390
 
This is amusing--E*trade sent a letter saying they opened two accounts for me a few months ago without my even asking! I actually activated one because my employer says everyone's ESPP shares will go there and only there. No wonder they have so many accounts with so few assets!

I've owned SCH since '96 and have two accounts there. My first was opened in 1978.

> SCH.....282,000
> EGRP...310,000
>
> Total accounts end of quarter:
> SCH.....6.3MM
> EGRP...1.6MM
>
> Total customer assets:
> SCH....$ 595B
> EGRP...$ 28B



To: Tom_ who wrote (964)10/15/1999 8:15:00 AM
From: Tom_  Respond to of 1390
 
Re Schwab's quarterly metrics.

One of the metrics in my original post was incorrect. I misread the Schwab blurb. They did not have 282,000 net new accounts, but that number of newly opened accounts. Schwab reported 6.2MM active accounts at the end of last quarter and 6.3MM this quarter, so the correct net appears to be appx 100,000.

None of the other metrics are affected by the error.

Best wishes,
Tom


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News