Submitted by mrnotadvice t3_121xma3 in wallstreetbets
mrnotadvice OP t1_jdobugo wrote
Reply to comment by Dry-Volume-2189 in Schwab CDS jump is not concerning and those that think it is are Chicken Little. CTFD! by mrnotadvice
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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