My colleagues are talking about possible cuts, many rumors are already circulating, some are already looking for other options, thinking that they might be a target. I wouldn't say that Schwab is doing badly, and that's why these rumors surprise me a bit. I don't see any other reasons for cuts except maybe greed?
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Luckily they don’t need a strategy, the money just keeps pouring in. Not even Heier can mess it up with his fake cloud strategy. Don't worry, eventually it will be exposed as a fraud and huge waste of money.
The more the Fed raises interest rates the higher margin interest will go, the more the firm will make. The only short term issue I see is if the firm does not pay enough interest on client cash, clients will withdraw for a better rate. Too easy to transfer idle cash to a high yield internet bank paying a LOT more.
Schwab is doing fantastic. The problem is lack of leadership and direction. I don't know of a single organization at Schwab that's confident in the strategy
Merger