Why are retail brokerage stocks down today?

[zdreg]

Entire group is down on a flat stock day.

 

[dozu888]

Entire group is down on a flat stock day.

Bernie's tax lol

 

[zdreg]

Bernie's tax lol

He may be able to get away with it. There are a lot of day trading idiots on ET who don't know that a transaction tax of .001 would put them out of business.

 

[DaveV]

Business News: Shares of several brokerage companies trading lower following a UBS note in which the firm's analyst's lowered price targets on the stocks. Schwab target cut from $42 to $37, TD Ameritrade cut from $65 to $56, E*Trade from $54 to $47.

 

[tommcginnis]

The oil group is up because Stable Genius wrote sanctions rather than launch orders. Flows' dangers ease, redundancy costs and inventory costs fall, shipping costs drop...... Life is smooth and wonderful.

 

[drm7]

Retail brokers make a ton of money on idle customer cash, although that profit stream will get cut if short-term interest rates fall. The market is afraid the Fed will spoil the party for the brokers.

Fun fact, Charles Schwab Bank is the ~12th largest bank in the country as measured by deposits.

 

[TommyR]

stable g said cocked and loaded not locked and loaded thats how you know

 

[maxinger]

nothing abormal about yesterday.

those stocks have been down past few weeks.

 

[Trader Curt]

It's because the price isn't going up

 

[murray t turtle]

He may be able to get away with it. There are a lot of day trading idiots on ET who don't know that a transaction tax of .001 would put them out of business.

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LOL=NOT likely @ all .Zreg. NOT in USa, we are not Europe.,