Opinion on  Charles Schwab Corp (SCHW)     Sector: Financial  >  Industry: Investment Services
Bearish on SCHW ...

If you think May Day was bad. These guys are in for a jolt as retail brokerage commissions head to zero. Zecco is just the first of these. Now BofA. This is not the type of stocks I want to be holding. If you pull the financials you will see that the average commission per customer has been dropping. Things will get worse.

I just covered this short which went against me. Long term E-brokerage business will suffer serious margin pressure. Schwab is most  likely to survive the commission bloodbath as it has diversified its offerings and positioned itself as a higher service offering.