Bain uses cookies to improve functionality and performance of this site. More information can be found in our Privacy Policy. By continuing to browse this site, you consent to the use of cookies.

Bloomberg

Why Schwab’s CEO Bets You Won’t Be Trading Stocks on Amazon

  • April 25, 2018
  • min read

Bloomberg

Why Schwab’s CEO Bets You Won’t Be Trading Stocks on Amazon

In a report last month, Bain & Company predicted that by partnering with a bank and employing the same low-margin strategy it used to gain market share in e-commerce, Amazon could build financial relationships with 70 million customers -- as many as Wells Fargo & Co. -- in just five years.

“Large technology firms already have established brands and access to customers, both of which provide a massive distribution advantage,” Bain partners Gerard du Toit and Aaron Cheris said in the report.