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Schwab

Posted on 3/13/23 at 8:43 am
Posted by Hussss
Living the Dream
Member since Oct 2016
6741 posts
Posted on 3/13/23 at 8:43 am
Anyone concerned about SCHW?

The market sure seems to be.

Posted by Hussss
Living the Dream
Member since Oct 2016
6741 posts
Posted on 3/13/23 at 8:45 am to
Stock now halted.
Posted by IT_Dawg
Georgia
Member since Oct 2012
21722 posts
Posted on 3/13/23 at 8:59 am to
Schwab expecting Q1 of 10% growth, reassured they will not need to move any of their HTM. Claim they have the liquidity to get by these times.

Also just upgraded to buy from Citibank with target of $75
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 3/13/23 at 8:59 am to
That’s my brokerage lol. I really never want to have to learn the particulars of SIPC insurance for brokerage accounts and retirement accounts.
Posted by Hussss
Living the Dream
Member since Oct 2016
6741 posts
Posted on 3/13/23 at 9:03 am to
It’s our brokerage as well.

I’ve had nothing but great dealings with them for 30 yrs.
Posted by Old Money
Member since Sep 2012
36299 posts
Posted on 3/13/23 at 9:06 am to
I have a personal grudge with them. Wish nothing but the worst for those pricks
Posted by thelawnwranglers
Member since Sep 2007
38738 posts
Posted on 3/13/23 at 9:06 am to
I like them

Feels like buying opportunity
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
421284 posts
Posted on 3/13/23 at 9:08 am to
quote:

That’s my brokerage lol. I

Mine as well.

Why I sold my stocks this am and bought some CDs over the weekend
Posted by Hussss
Living the Dream
Member since Oct 2016
6741 posts
Posted on 3/13/23 at 9:10 am to
quote:

I have a personal grudge with them. Wish nothing but the worst for those pricks


Please explain.

Thanks.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 3/13/23 at 9:23 am to
if Schwab was ever allowed to fail I think we are fully into catastrophe mode. I’m not gonna sweat anything at the moment
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2113 posts
Posted on 3/13/23 at 9:28 am to
Im not really worried about them. But their statement reassuring the market this morning has me slightly concerned. They pointed out that their loan portfolio is over collateralized with first liens and securities so they have other means to raise capital no need to sell long term treasuries like SVB.
This post was edited on 3/14/23 at 4:23 pm
Posted by FLObserver
Jacksonville
Member since Nov 2005
14437 posts
Posted on 3/13/23 at 9:29 am to
Yeah our Retirement plan is handled by Lincoln financial and they are getting Hammered. I'm down big on this stock.
Posted by Hussss
Living the Dream
Member since Oct 2016
6741 posts
Posted on 3/13/23 at 9:34 am to
The market seems to be pricing in a huge dollar drop coming. Bitcoin and precious metals are flying.

Market knows the Fed is cornered and will protect the stability of the system at all costs. Inflation be damned.

This is exactly what the market is saying.
This post was edited on 3/13/23 at 9:36 am
Posted by theRealJesseD
Member since Nov 2021
2877 posts
Posted on 3/13/23 at 12:02 pm to
All of these financials are going to be forced to dilute the hell out of their existing shareholders by the Fed as a condition of buying their underwater MBS holdings at Par.

Biden Yellen et al have specifically stated that depositors will be protected but not investors.

Im sure Nancy and Paul are loaded to the gills shorting every financial that will use the Fed window for the par exchange. They'll buy leaps on the beat down financials that dont partake in the deal, thus wont be required to dilute shareholders to raise capital (those banks will issue preferreds instead)
Posted by lynxcat
Member since Jan 2008
24121 posts
Posted on 3/13/23 at 1:38 pm to
Yikes, Schwab going under would be a cluster of epic proportion.
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