Monday, October 07, 2019 2:40:54 PM
As for the move to $0 commissions, yes, they say that commissions are a small part of their income. So they are doing it to be competitive. It would indeed be interesting to know how they make the bulk of their money. Lending out stock is one place. Some others I can think of: fees on managed accounts, interest on margin accounts, the various funds they run (e.g. money markets, mutual funds, ...). The thing about all of those is that many customers don't participate in any of those things, so I wonder what else there is.
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