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mrnotadvice OP t1_jdobugo wrote

In terms of direct revenues not much. However, remember every clearing firm can loan out and borrow against customers securities. With 7 trillion in customer assets even an inflow of 100b wouldn’t initially move earnings. The way I look at it is that Schwab just saved a shit ton in marketing and has tons of new clients to sell the rest of their products too. Down the road it should produce gains.

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