you were right for the wrong reason. Is nothing to do with TD bank. Charles Schwab Announces Strong Core Net New Assets for Period Ending 3/16/23 The Charles Schwab Corporation today announced it has seen strong inflows from clients over the last week. Over the past five trading days (3/10/23-3/16/23), clients have continued to bring assets to Schwab, with approximately $16.5 billion in core net new assets for the week, demonstrating the trust clients place in Schwab. Charles Schwab remains a safe port in a storm, driven by its conservative balance sheet, strong liquidity position, and diversified base of over 34 million account holders who invest with Charles Schwab every day. We are confident in our approach and in our ability to help clients through all kinds of economic environments. r
Td from I read holds loads of schw stock from TD Ameritrade deal, mark around 14-18billion, either way the groupies won’t allow it to fail.
There are no factors that would make it fail. It is not part of a discussion as to stock price level.
Price level is 44-55 for the last few days, easily make another 5-10, not marry to the trade, just profit from it.
Why bother catching a falling knife? Most likely it continues to go lower along with the rest of the XLF & KRE companies. If its not affected by the current crisis why is the stock still down 27%? It went from $76 to $45 in a blink of an eye.