Schwab disclosed that they are currently experiencing MASSIVE new money inflows, in excess of 2B per day of new money... and has been for over a month.
So, all that money running away from small and mid-size banks has to go somewhere. I guess a substantial amount of it is running over to Schwab and investing through them.
How do you think all these new investment customers will affect Schwab's bottom line and earnings in Q1? Anyone else see a huge earnings beat coming?
Dry-Volume-2189 t1_jdoavb3 wrote
Reply to Schwab CDS jump is not concerning and those that think it is are Chicken Little. CTFD! by mrnotadvice
Schwab disclosed that they are currently experiencing MASSIVE new money inflows, in excess of 2B per day of new money... and has been for over a month.
So, all that money running away from small and mid-size banks has to go somewhere. I guess a substantial amount of it is running over to Schwab and investing through them.
How do you think all these new investment customers will affect Schwab's bottom line and earnings in Q1? Anyone else see a huge earnings beat coming?