TIP319: Intrinsic Value Assessment of Charles Schwab w/ Arif Karim (Business Podcast)
We Study Billionaires - The Investor’s Podcast Network
Diversified Revenue Streams of Schwab
Schwab has shifted its revenue model from commissions to various sources. While options still generate some commissions, they are minimal compared to equities. This shift has disadvantaged traditional discount brokers like Ameritrade and Etrade. Schwab's competitive advantage now lies in offering high-value services, other investment products with fee earnings, RA custody services, and Schwab bank which invests customer cash balances to generate a net interest margin.
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