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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (36595)	2/3/2010 8:05:55 AM
From: Madharry	Respond to of 78686

publicbroadcasting.net The above statistic would imply that banks profitability may be somewhat exagerated. Sounds to me like there are more shoes to drop on the residential mortgage front. My guess is that ameritrade will have to match the fidelity offer and quickly. otherwise they might as well close up.

To: Spekulatius who wrote (36595)	2/8/2010 12:43:18 AM
From: Spekulatius	Respond to of 78686

Rather tepid response from ETrade regarding Fidelity's commision cut: finance.yahoo.com I still have an ETrade account and use it as a backup to my Wellstrade account with 100 free trades/year. It seems that Fidelity is really creating a great All under one roof solution with good and low cost trading, mutual funds, ETF's, cash management (money market sweep accounts etc, checking, 2% cash back credit cards. just a few years ago, E*Trade wanted to do the same things but they folded the credit cards, checking, mortgage arm and try to survive as a Broker only. i think their trading platform is pretty good but IB beats it for serious trades and their commissions are way lower. On the full service end, Schwab and Fidelity even on cost and of course in product depth, Banks like bofA and WellsFargo have lower cost solutions (free trades for folks that are banking with them and then there are the low cost brokers like Optionhouse, IB, MBtrade and others that beat them on commissions. I think the like of Ameritrade, Etrade who try to make a living in the middle have their work cut out for them.