I agree. I was worried about schw but their market cap relative to HTM losses is still acceptable. They should be doing an equity issuance for sure to beef up their balance sheet.
They are systemically important IMO.
Might want to check out IBKR. They are holding assets all under 6 months and offering 4.3% yield on deposits.
We use them. We have been very happy. Lots of global markets, fx, and increased trading customization capabilities.
Very conservative broker. I've been listening to their earnings calls the last 4 to 6 quarters. I like their founder alot. Very straight forward and forward looking.
Nice analysis. I am also a customer, and just opened Apple’s new super ez 4.15% savings account and put a large chunk of my cash there instead of sitting on my schwab 0.1% checking. Before that I had a 1 month 4.5% CD though I was sweating a bit the no name bank that was underwriting it.
I agree. I was worried about schw but their market cap relative to HTM losses is still acceptable. They should be doing an equity issuance for sure to beef up their balance sheet.
They are systemically important IMO.
Might want to check out IBKR. They are holding assets all under 6 months and offering 4.3% yield on deposits.
We use them. We have been very happy. Lots of global markets, fx, and increased trading customization capabilities.
Very conservative broker. I've been listening to their earnings calls the last 4 to 6 quarters. I like their founder alot. Very straight forward and forward looking.
Nice analysis. I am also a customer, and just opened Apple’s new super ez 4.15% savings account and put a large chunk of my cash there instead of sitting on my schwab 0.1% checking. Before that I had a 1 month 4.5% CD though I was sweating a bit the no name bank that was underwriting it.