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I understand where their revenue comes from. But if they're doing the same thing as every other bank and not charging for trades what's making up the differenc
by elliekelly 8y ago
I understand where their revenue comes from. But if they're doing the same thing as every other bank and not charging for trades what's making up the difference on their bottom line? It's not income. So it must be that they're avoiding costs that the rest of the industry is incurring. Like the cost of compliance.
- bonestamp2 8y agoMaybe they're not making up the difference on the bottom line... maybe they're equivalent to Walmart, running on a lean margin and hoping to make it worthwhile through volume, and the wall street banks are Saks, charging more and earning higher margins.