What We're Reading

Charles Schwab Corp. (SCHW) did almost double it's volume today. Saber rattling from Fed on punch bowl yank. Everyone knows CHUCK stands to make good scratch come rate raising time. More so than most. I think today we seen people getting there in the trade. Eat my dust....I 've been there for awhile....;).and riding nice shr avg....Someone is going to look at these guys for deposit/asset base and the retail trading arm that a buyer might be looking for or lacking of.... as bonus. I always felt Chuck was a poster child for asset integrity in all this. Took no TARP. And what little loans were made seem to be low risk. Or I could be wrong...and they're heading for door....last one out get the lights...will ya....lolI wrote the below last AugustI have to tell ya...After reading through the Q at (SCHW)-Charles Schwab...I amreally optimistic about the future for them. Let me state some points. First,someone asked me yesterday why is CHUCK a good long term stock to buyhere?....My reply was this : "why is any stock held long by aninvestor?...Because you think someone(s) will pay more for it later. Or LESS for it, if your SHORT....Chuck is also the poster child for broker and asset managing integrityin my eyes. Ya also have to play the consolidation aspect in the sector at some pointhappening...It's inevitable in these times. CHUCK has already proved they'resurvivor in all this!"I also think CHUCK is an inevitable play on hyper inflation base on the lastline below about the 0% rates currently."During the quarter, the company added $17.3 billion in net new assets and197,000 new brokerage accounts. Total accounts stood at 5.3 million as of June30, up 3 percent from the year-earlier period. Total client assets declined 12percent to $1.22 trillion as of quarter end""Still, low interest rates will likely continue to put pressure on Schwab'sresults going forward, Hopson said.In December, the Federal Reserve lowered its benchmark interest rate to a rangeof zero to 0.25 percent, and plans to keep the rate at that record low level forsome time. Lower interest rates mean Schwab earns less on its investments""During the quarter, the company added $17.3 billion in net new assets and197,000 new brokerage accounts. Total accounts stood at 5.3 million as of June30, up 3 percent from the year-earlier period. Total client assets declined 12percent to $1.22 trillion as of quarter end"

E-mail me when people leave their comments –

You need to be a member of StockBuz to add comments!

Join StockBuz

We welcome you to post a blog entry, oped or share your daily reading with us as long as it is relevant to the topic of investing and not an attempt to sell a product, proprietary strategy, platform or other service. Please provide links to any research data and if re-posting other articles, give credit where credit is due providing a back link to the original site.

300 words minimum per post. You may also sort by category or search by topic. Don't forget to comment and please "share" via Facebook, Twitter and Google+. If you have any questions, please contact us.

FOLLOW STOCKBUZ

__________________

This is a member-supported site. Please donate when you can to help pay the rent. Thank you!

Stay Informed. Sign up for the FREE StockBuz eNewsletter

________________

Investing involves substantial risk. All content is subject to StockBuz disclaimer.

Create Income With Option Spreads

All content on StockBuz.net is subject to disclaimer and Terms of Service