4 Broker Stocks Losing In The Current Economy

By Tim KnightETFsOct 06, 2019 03:42AM ET

www.investing.com/analysis/4-broker-stocks-losing-in-the-current-economy-200470907

4 Broker Stocks Losing In The Current Economy

By Tim Knight | Oct 06, 2019 03:42AM ET

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-1.41%

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SCHW

-1.23%

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AMTD

0.00%

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IBKR

+1.30%

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This past week, one sector which took it on the chin was the brokerages. The reason is easy enough to understand. Two important revenue sources for them are (1) commissions and (2) interest on deposits. And yet (1) commissions are going to $0 across the board and (2) interest rates are plunging, and ultimately, I believe, will be negative. So here is the kind of catastrophe these companies are facing, with most of them down nearly 50% from their highs last year:

TD Ameritrade Holding Corporation (NASDAQ:AMTD)

AMTD Chart

Interactive Brokers Group Inc (NYSE:IBKR)

IBKR Chart

The Charles Schwab Corporation (NYSE:SCHW)

SCHW Chart

And although it’s certainly not a retailer brokerage, I wanted to also share our friends at Goldman Sachs Group Inc (NYSE:GS):

GS Chart

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.65%

Apr 17, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

US 30	42,565.0	-236.5	-0.55%
US 500	5,732.6	-37.6	-0.65%
Dow Jones	42,801.72	+222.64	+0.52%
S&P 500	5,770.20	+31.68	+0.55%
Nasdaq	18,196.22	+126.97	+0.70%
S&P 500 VIX	23.37	-1.50	-6.03%
Dollar Index	103.71	-0.11	-0.10%

Crude Oil WTI	66.75	-0.29	-0.43%
Brent Oil	70.36	+0.90	+1.30%
Natural Gas	4.672	+0.273	+6.21%
Gold	2,920.84	+6.74	+0.23%
Silver	32.958	+0.149	+0.45%
Copper	4.6975	-0.0125	-0.27%
US Soybeans	1,025.00	-2.25	-0.22%

U.S. 10Y	4.274	-0.044	-1.02%
U.S. 30Y	4.601	+0.022	+0.44%
U.S. 5Y	4.083	+0.025	+0.74%
U.S. 3M	4.303	+0.002	+0.00%
US 10Y T-Note	110.88	+0.33	+0.30%
Euro Bund	127.66	-0.81	-0.63%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	239.07	+3.74	+1.59%
NVIDIA	112.69	+2.12	+1.92%
Alphabet A	173.86	+1.51	+0.88%
Tesla	262.67	-0.78	-0.30%
Amazon.com	199.25	-1.45	-0.72%
Netflix	891.11	-15.25	-1.68%
Meta Platforms	625.66	-2.27	-0.36%

4 Broker Stocks Losing In The Current Economy

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