Looks like the market finally realized how far behind Schwab is on AI, and thinks it is unrecoverable.
If you sold at the peak, congratulations!
The market is predicting a 15% depreciation through January next year. Just check the number of put-options.
A lot of insiders selling and not buying recently: https://www.marketbeat.com/stocks/NYSE/SCHW/insider-trades/
I do think the comment about cash sorting is spot on. The convenience of having it all in one spot argument is garbage.
Do the math, 3.5% on a 15k cash balance is $500+ a year.
Finding a high yield account with bill pay, direct deposit, ability to move between accounts will take you 30 min.
I went through this exercise this year, surely I'm not alone...
at this point not sure too many would give muse or other agents free reign on their accounts to cash sort. if it does something wrong Meta is not going to make you whole. too much risk for little reward.
@c5 Found the Non-Employee
Prepare to hear about the dreaded cash sorting once again at the next earnings report. Their overly simplistic business model is based on assuming clients are too lazy to move their idle cash to a money market or buy bonds with it. In a rising rate environment like we're in now that model will suffer once again as in 2022/23
Forced out their best and brightest the last few years. Now only the dregs remain. HA HA HA HA HA HA....
You should include R0B0 Rick as well. We can do better than that clown.
@gd And Says. Poss Chuckles and Hardoff. Problem is that all are so convinced of their qualifications in the face of failure. And the real fun? Menace came into the company saying five years was when folks should leave to stay fresh. How long has he been here again?
Nothing will get fixed on stock price unless they learn how to build and stop destroying value from acquisitions. Forge acquisition is going south as well just like they ki-led TDA culture
Fire all STS leaders to have any hope.
Rot starts at top and India late move will only make the outcomes worse.
Leaders who need to go asap as they are out of depth and behind on curve.
Dennis
Tim
Rama
Chandra
Naveen
Stacy
Our board can't spell AI. But this time being slow will be better than rushing into disaster.
Heading back to below $60 will bring the buyout rumours, will buy long term calls then.
The stock buy backs will prove to be a waste of money. It would be better to spend the cash on buying something with growth potential.
Exercise those options and RSU's